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Wall Street was closed for Memorial Day on Monday, but the TSX continued to climb towards 20,000. At least it did in the morning when Toronto briefly made a fresh intraday high, but it closed -0.61% on light volumes. Energy rallied, but staples, materials and industrials dragged the index down.
The price of WTI rose nearly 1% while WCS retreated more than 1%. Whitecap Resources gained 6.63% and Meg Energy 4.61%. Reddit stock, BlackBerry, advanced 2.14% on a relatively quiet day. Smallcap Waterloo Brewing soared 7.68% after two analysts raised its price target. Making a bigger splash was Dye & Durham which soared 17.69% after management and a shareholder group put forward $3.4 billion to take the software provider private, barely a year after going public.
On the down side were several cannabis names including Cronos at -5.18% and Canopy at -3.82%. Dundee Precious Metals sank 2.27% after buying INV Metals which rocketed over 57%. Gold barely moved and stayed around $1,900 per ounce.
🛢 Whitecap Resources +6.63%
🛢 MEG Energy Corp +4.61%
📱 BlackBerry +2.14%
🍺 Waterloo Brewing Ltd. +7.68%
💾 Dye & Durham +17.69%
🌿 Cronos Group Inc -5.18%
🌿 Canopy Growth Corp. -3.82%
⛏ Dundee Precious Metals Inc. -2.27%
⛏ INV Metals +57%
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