{"id":185346,"date":"2020-08-19T22:17:40","date_gmt":"2020-08-19T22:17:40","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=185346"},"modified":"2020-08-19T22:17:40","modified_gmt":"2020-08-19T22:17:40","slug":"u-s-fed-cautious-canadian-lumber-rises","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/u-s-fed-cautious-canadian-lumber-rises\/","title":{"rendered":"U.S. Fed cautious, Canadian lumber rises"},"content":{"rendered":"<p>The TSX sagged 0.29% on higher volumes than in the past week. Canada&#8217;s inflation rate slipped to 0.1% in July below the expected 0.5% and June&#8217;s 0.5%. Gold slipped below $2,000\/ounce or nearly 1% though the price of WTI dipped only around 0.2% and WCS was basically flat. Materials were the biggest laggard, down nearly 2%.<\/p>\n<p>Several mining names sold off Wednesday. <a href=\"https:\/\/stockchase.com\/company\/view\/3688\/BTO-T\">B2Gold<\/a> fell 7.47% in heavy trading. On the upside, <a href=\"https:\/\/stockchase.com\/company\/view\/246\/CFP-T\">Canfor<\/a> jumped 7.2% at an RBC analysts upgrade. In fact, the <a href=\"https:\/\/www.orilliamatters.com\/national-business\/new-record-wood-product-prices-boost-shares-and-estimates-for-canadian-producers-2648820\" target=\"_blank\" rel=\"noopener\">lumber industry<\/a> is riding high from increasing demand for wood from home renovations and new home markets.<\/p>\n<p>In the U.S., the S&amp;P and Nasdaq made intraday highs, but slid after the U.S. Fed struck a cautious tone in its latest minutes. The <a href=\"https:\/\/www.yahoo.com\/lifestyle\/us-stocks-wall-street-ends-200016051.html\" target=\"_blank\" rel=\"noopener\">Fed<\/a> remarked that the sharp rise in employment in May and June has likely slowed and warned that a difficult recovery for America lies ahead. <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> became the first publicly listed U.S. company to cross US$2 trillion in market cap. The home of the <a href=\"https:\/\/finance.yahoo.com\/video\/apple-becomes-first-u-company-205235638.html\" target=\"_blank\" rel=\"noopener\">iPhone<\/a> inched up 0.13%.The Nasdaq at a session low of -0.57%. The S&amp;P and Dow closed in the red with only financials enjoying any gains, albeit modest. Consumer stocks sold off, like <a href=\"https:\/\/stockchase.com\/company\/view\/702\/KO-N\">Coca-Cola<\/a> at -2.17%. However, <a href=\"https:\/\/stockchase.com\/company\/view\/1227\/TGT-N\">Target<\/a> leapt 12.65% after <a href=\"https:\/\/finance.yahoo.com\/video\/target-online-sales-climb-24-205852439.html\" target=\"_blank\" rel=\"noopener\">reporting<\/a> online sales popping 24% and profits 80% in Q2.<\/p>\n<p>&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/3688\/BTO-T\">B2Gold Corp.<\/a> -7.47%<br \/>\n&#x1f333; <a href=\"https:\/\/stockchase.com\/company\/view\/246\/CFP-T\">Canfor Corp<\/a> +7.2%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> +0.13%<br \/>\n&#x1f964; <a href=\"https:\/\/stockchase.com\/company\/view\/702\/KO-N\">Coca-Cola Company<\/a> -2.17%<br \/>\n&#x1f3d9; <a href=\"https:\/\/stockchase.com\/company\/view\/1227\/TGT-N\">Target Corp<\/a> +12.65%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TSX sagged 0.29% on higher volumes than in the past week. Canada&#8217;s inflation rate slipped to 0.1% in July below the expected 0.5% and June&#8217;s 0.5%. Gold slipped below $2,000\/ounce or nearly 1% though the price of WTI dipped [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-185346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/185346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=185346"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/185346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=185346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=185346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=185346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}