{"id":220354,"date":"2021-04-06T18:14:47","date_gmt":"2021-04-06T22:14:47","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=220354"},"modified":"2021-04-07T08:14:17","modified_gmt":"2021-04-07T12:14:17","slug":"wall-street-pauses-as-bay-street-climbs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/wall-street-pauses-as-bay-street-climbs\/","title":{"rendered":"Wall Street pauses as Bay Street climbs"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a class=\"expert-name\" href=\"https:\/\/stockchase.com\/expert\/view\/1394\/David-Fingold\">David Fingold<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/company\/view\/5586\/ESLT-Q\"><span class=\"company-name\">Elbit Systems<\/span><\/a> (<strong>A Top Pick May 27\/19, Down 13%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>On Tuesday, the TSX climbed 0.41% as oil rallied on reopening hopes around the world. The price of WTI and WCS crude both leapt over 1% while the <a href=\"https:\/\/www.bnnbloomberg.ca\/imf-upgrades-canada-s-2021-growth-outlook-by-most-among-advanced-economies-1.1586606\" target=\"_blank\" rel=\"noopener\">IMF<\/a> raised the 2021 GDP outlook for planet Earth from 5.5% to 6%, but bumped up Canada&#8217;s from 3.6% to 5%, though it also warned of our overheated real estate prices. Materials, telcos and tech also gained on the TSX.<\/p>\n<p>Big gainers included <a href=\"https:\/\/stockchase.com\/company\/view\/1726\/CGX-T\">Cineplex<\/a>, up 7.41%, <a href=\"https:\/\/stockchase.com\/company\/view\/3729\/OGC-T\">Oceanagold<\/a> 6.84% and <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a> 5.86%. On the flipside, cryptos and cannabis lost ground: <a href=\"https:\/\/stockchase.com\/company\/view\/5775\/HUT-T\">Hut 8 Mining<\/a> closed -7.08%, <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">Organigram<\/a> -5.05% and <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria<\/a> -4.78%.<\/p>\n<p>It was a quieter story on Wall Street as the major indices gave back around 0.1% following two record-breaking sessions. Gains and losses were modest, and the Dow components were mixed, though consumer names showed the most strength. <a href=\"https:\/\/stockchase.com\/company\/view\/868\/NKE-N\">Nike<\/a>, for instance, gained 1.51%, though <a href=\"https:\/\/stockchase.com\/company\/view\/1332\/WBA-Q\">Walgreens<\/a> closed -1.87%. Breaking out were <a href=\"https:\/\/stockchase.com\/company\/view\/5774\/ETSY-Q\">Etsy<\/a>, jumping 4.47%, while <a href=\"https:\/\/stockchase.com\/company\/view\/6428\/BLNK-Q\">Blink Charging<\/a> soared 6.34%. The U.S. 10-year plunged by nearly 3% to 1.6507%, while gold rose about 1% and <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">Bitcoin<\/a> shed 1.%. As U.S. markets paused today, optimism continued to reign as President Biden accelerated his vaccination schedule to May 1 when all American adults would receive shots. In contrast, Canada badly lags, but to date 6.55 million jabs have protected 9% of <a href=\"https:\/\/www.nytimes.com\/interactive\/2021\/world\/covid-vaccinations-tracker.html\" target=\"_blank\" rel=\"noopener\">Canadians<\/a>.<\/p>\n<p>&#x1f39e; <a href=\"https:\/\/stockchase.com\/company\/view\/1726\/CGX-T\">Cineplex Inc<\/a> +7.41%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/3729\/OGC-T\">Oceanagold Corp<\/a> +6.84%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed POS<\/a> +5.86%<br \/>\n&#x1f5a8; <a href=\"https:\/\/stockchase.com\/company\/view\/5775\/HUT-T\">Hut 8 Mining Corp.<\/a> -7.08%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">OrganiGram Holdings Inc.<\/a> -5.05%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria Inc<\/a> -4.78%<br \/>\n&#x1f45f; <a href=\"https:\/\/stockchase.com\/company\/view\/868\/NKE-N\">Nike Inc<\/a> +1.51%<br \/>\n&#x1f48a; <a href=\"https:\/\/stockchase.com\/company\/view\/1332\/WBA-Q\">Walgreen Boots Alliance<\/a> -1.87%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5774\/ETSY-Q\">Etsy Inc.<\/a> +4.47%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/6428\/BLNK-Q\">Blink Charging Co.<\/a> +6.34%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">The Bitcoin Fund<\/a> -1%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by David Fingold, including Elbit Systems (A Top Pick May 27\/19, Down 13%) Get Premium to receive all past top picks opinions a few hours before market open. On Tuesday, the TSX [&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-220354","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\/220354","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=220354"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/220354\/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=220354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=220354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=220354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}