TSX climbs on tame Canadian inflation
Canadian inflation (CPI) unexpectedly dipped from 2.6% in February to 2.3% in March. The TSX rose by 0.84% or over 200 points as healthcare, real estate and tech led eight of the sectors higher.
Key names: TC Energy up 1.86%, Bausch Health 5.16%, Cenovus -1.37%, Sandstorm Gold 4.54% and BRP -6.16%. Though WTI held at US$61.50, gold edged up by US$18 to US$3,228.
In contrast, U.S. stocks declined amid the backdrop of tariffs, though less dramatically than previous sessions. The S&P closed Tuesday -0.17%, the Nasdaq -0.05% and the Dow -0.38%. Major movers: Palantir up 6.24%, Nvidia 1.35%, Bank of America 3.6% as bank earnings continue to roll in, Albemarle -5.89% and Hewlett Packard 5.11%. The U.S. 10-year yield held around 4.337% while Bitcoin slipped 1% to US$84,000.
🛢 TC Energy (TRP-T) +1.86%
👨⚕️ Bausch Health Companies Inc (BHC-N) +5.16%
🛢 Cenovus Energy (CVE-T) -1.37%
🥇 Sandstorm Gold Ltd. (SSL-T) +4.54%
🛍 BRP INC. (DOO-T) -6.16%
💾 Palantir Technologies (PLTR-Q) +6.24%
💾 NVIDIA Corporation (NVDA-Q) +1.35%
🏛 Bank of America (BAC-N) +3.6%
⛏ Albemarle Corp (ALB-N) -5.89%
💻 Hewlett-Packard Co (HPQ-N) +5.11%
🅱 The Bitcoin Fund (QBTC.U-T) -1%
