TSX extends highs on Friday and week
It was a winning week for Canadian stocks as the TSX made another new closing high Friday, up 0.29% to 25,972, and rallied 5.25% for the week. All but materials gained on Friday as discretionary, real estate and especially health care made outsized gains.
Among the key movers were MEG Enegy soaring 18.73%, Athabasca Oil up 8.96%, Tilray 9.68% and South Bow down 4.15%. Canadian Tire made headlines for buying the name, stripes and brand of the ailing, but historic Hudson’s Bay Company. Canadian Tire shares rose 3.25%.
On Wall Street, the three main indices moved up on Friday: the S&P 0.7%, the Nasdaq 0.52% and the Dow 0.78%. For the week, the S&P jumped 5.25%, the Dow 3.4% and the Nasdaq 7.15% as tech led the rebound on optimism from current trade talks. Big movers included UnitedHealth up 6.4%, Moderna 5.12%, Super Micro Computer 4.98%, Applied Materials -5.25% and Hershey -3.18%. The U.S. 10-year yield slipped to 4.44% though Bitcoin climbed 0.9% to nearly $104,000. In commodities, gold slipped US$40 to US$3,199 while WTI crude rallied 1.15% to US$62.30.
🛢 MEG Energy Corp (MEG-T) +18.73%
🛢 Athabasca Oil Sands Corp (ATH-T) +8.96%
🌿 Tilray Inc. (TLRY-Q) +9.68%
🛢 South Bow Corp (SOBO-N) -4.15%
🛒 Canadian Tire Corporation Ltd (CTC-T) +3.25%
👨⚕️ UnitedHealth Group Inc (UNH-N) +6.4%
💉 Moderna (MRNA-Q) +5.12%
💾 Super Micro Computer (SMCI-Q) +4.98%
⚙ Applied Materials (AMAT-Q) -5.25%
🍫 Hershey Foods Corp (HSY-N) -3.18%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.9%
