{"id":228608,"date":"2021-05-27T18:09:58","date_gmt":"2021-05-27T22:09:58","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=228608"},"modified":"2021-05-27T18:09:58","modified_gmt":"2021-05-27T22:09:58","slug":"banks-lift-tsx-to-record-highs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/banks-lift-tsx-to-record-highs\/","title":{"rendered":"Banks lift TSX to record highs"},"content":{"rendered":"

Bank earnings and rising oil prices Thursday pushed the TSX by 0.16% to new record high of 19,776. RBC, CIBC and TD all reported big beats, but TD’s gains were tempered when considering their loan-loss provisions. TD<\/a> actually closed at -2.5% while RY<\/a> gained 1.25% and CIBC<\/a> 2.89% to new highs. The price of WTI rose 0.89% while WTI jumped 1.42%.<\/p>\n

The car industry enjoyed a lift after GM announced it was reopening some plants that were closed during the semiconductor shortage. Linamar<\/a> accelerated by 4.08%. Meanwhile, Aurora Cannabis<\/a> grew by 5.15%. Losing ground were Barrick Gold<\/a> at -5.17% and Polaris Infrastructure<\/a> at -4.76%.<\/p>\n

Falling weekly jobless claims lifted Wall Street as the Dow gained 0.41%, the S&P 0.11% and the Nasdaq stayed flat. Industrials and financials were strong, while healthcare was weak. Boeing<\/a> rallied 3.87% and Honeywell<\/a> 3.2%. As noted, cars rebounded with GM<\/a> up 2.91% and Ford<\/a> soaring 7.05%, an increase that GE matched, by the way. Under Armor<\/a> advanced nearly 5%. However, Dollar Tree<\/a> plunged 7.71% after warning of higher freight costs effecting their earnings. Tech had a quiet session, but Beyond Meat<\/a> sizzled 12.52% on the Nasdaq. The U.S. 10-year inched up 1.6% to 1.6% while the Canadian dollar edged up 0.47% to $82.86. Finally, Bitcoin was modestly down for the day and stayed below $39,000.<\/p>\n

🏛 Toronto Dominion<\/a> -2.5%
\n🏛 Royal Bank<\/a> +1.25%
\n🏛 Canadian Imperial Bank of Commerce<\/a> +2.89%
\n🚗 Linamar Corp<\/a> +4.08%
\n🌿 Aurora Cannabis<\/a> +5.15%
\n🥇 Barrick Gold<\/a> -5.17%
\n💡 Polaris Infrastructure<\/a> -4.76%
\n🛫 Boeing<\/a> +3.87%
\n📦 Honeywell International<\/a> +3.2%
\n🚚 General Motors Corporation<\/a> +2.91%
\n🚛 Ford Motor<\/a> +7.05%
\n👟 Under Armour<\/a> +5%
\n🛍 Dollar Tree<\/a> -7.71%
\n🥩 Beyond Meat Inc.<\/a> +12.52%<\/p>\n","protected":false},"excerpt":{"rendered":"

Bank earnings and rising oil prices Thursday pushed the TSX by 0.16% to new record high of 19,776. RBC, CIBC and TD all reported big beats, but TD’s gains were tempered when considering their loan-loss provisions. TD actually closed at […]<\/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-228608","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\/228608","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=228608"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/228608\/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=228608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=228608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=228608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}