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TSX edges up on U.S. holiday

Allan Tong Posted On July 4, 2024
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market comment after the close

Bay Street volumes were predictably light as the Wall Street celebrated the fourth of July, though the TSX inched 0.11% higher. Only financials showed any weakness and that was modest. Staples, telcos and utilities led all other sectors higher.

There were few outsized moves apart from Goeasy sliding 9.95%. Elsewhere, Power Corp rose 0.59%, Innergex Renewable 2.2%, Algoma Steel 2.09% and Royal Bank made an intraday high and closed 0.23% higher. WTI remained above US$84 and gold held round US$2,353, both showing little movement. U.S. markets reopen tomorrow.

🏛 goeasy (GSY-T) -9.95%

🏛 Power Corp (POW-T) +0.59%

♻ Innergex Renewable Energy (INE-T) +2.2%

⛓ Algoma Steel Group Inc (ASTL-T) +2.09%

🏛 Royal Bank (RY-T) +0.23%

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