The TSX briefly reached 20,000 Tuesday morning for the first time ever and closed 24 point shy of that mark after advancing 1.24% for the day. Energy names propelled Toronto’s rally by popping 4.49% as crude oil jumped to a two-year high. WTI jumped nearly 2.5% to $68, and WCS rose 2.3% to above $53. The catalyst was OPEC+ reaffirming that it will gradually ease production cuts where 2.1 million barrels a day would be brought back into the market between May and July.<\/p>\n
Oil stocks rallied: Crescent Point Energy<\/a> by 6.52%, Cenovus<\/a> 6.24% and Suncor<\/a> 5.31%. Other oil headlines included Pembina buying Inter Pipe for $8.3 billion. Pembina<\/a> shares declined 2.78% while IPL<\/a> gushed 7.75%. Other gainers were Shopify<\/a> by 2.05% and Royal Bank<\/a> 1.32%.<\/p>\n In contrast, trading on Wall Street was flat or modestly down. The Dow finished slightly in the positive, while the S&P and Nasdaq dipped slightly into the red. Again, energy rallied as Exxon<\/a> jumped 3.56% and Diamondback Energy<\/a> by 8.17%. Industrials and financials also gained, though healthcare and consumer names lagged. Heading up were Nucor<\/a> at 8%, Simon Property<\/a> at 4.44% and Boeing<\/a> at 3.12%. Losing ground were Thermo Fisher Scientific<\/a> at -4.79%, Darden Restaurants<\/a> at -4.12% and Abbott Labs<\/a> -9.31% which announced lower earnings. Meanwhile, Bitcoin<\/a> lost 1.7% to stay flutter above $36,000 while was flat at $1,900\/ounce.<\/p>\n 🛢 Crescent Point Energy Corp<\/a> +6.52% The TSX briefly reached 20,000 Tuesday morning for the first time ever and closed 24 point shy of that mark after advancing 1.24% for the day. Energy names propelled Toronto’s rally by popping 4.49% as crude oil jumped to a […]<\/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-229248","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\/229248","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=229248"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/229248\/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=229248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=229248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=229248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🛢 Cenovus Energy<\/a> +6.24%
\n🛢 Suncor Energy Inc<\/a> +5.31%
\n🛢 Pembina Pipeline Corp<\/a> -2.78%
\n🛢 Inter Pipeline<\/a> +7.75%
\n🛍 Shopify Inc.<\/a> +2.05%
\n🏛 Royal Bank<\/a> +1.32%
\n🛢 Exxon Mobil<\/a> +3.56%
\n🛢 Diamondback Energy<\/a> +8.17%
\n⛏ Nucor Corp.<\/a> +8%
\n🏢 Simon Property Group Inc.<\/a> +4.44%
\n🛫 Boeing<\/a> +3.12%
\n💊 Thermo Fisher Scientific<\/a> -4.79%
\n🍤 Darden Restaurants<\/a> -4.12%
\n💊 Abbott Labs<\/a> -9.31%
\n🅱 The Bitcoin Fund<\/a> -1.7%<\/p>\n","protected":false},"excerpt":{"rendered":"