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It was a good end to the week as the TSX and S&P closed at record highs. The TSX rose 0.44% to climb over 20,100 while the S&P inched up 0.19%. The Dow was flat as it shed 10 points, but the Nasdaq advanced 0.35% to remain above 14,000. The Nasdaq climbed nearly 2% for the week while the Dow lost about half-a-percent. However, the week’s winner were Canadian stocks, driven by a belated reopening as the country’s economic engine, Ontario, started its gradual reopening Friday. Also, oil continue to fuel the rally as the price of WTI increased 0.7% on Friday to keep a barrel above $70 and WCS rallied 1% to approach $57.<\/p>\n
Industrials and tech also showed strength. Tourmaline Oil<\/a> gushed 8.31% after it announced it was buying Rival Black Swan Energy. Roots<\/a> jumped 9.58% after announcing it had narrowed its debt and enjoyed a e-commerce jump of 50% in Q1. Its peer, Canada Goose<\/a>, soared 4.59%. Faring less well were Enghouse Systems<\/a>, closing at -4.14%, and MTY Food Group<\/a> at -3.06%. The high-flying Canadian dollar retreated half a penny on Friday to 82.24 cents against the USD.<\/p>\n There were reverse trends on Wall Street as energy, industrials and healthcare struggled while tech and consumer names rallied. Eli Lilly<\/a> slid 4% and Johnson & Johnson<\/a> slipped 1.27%. Nvidia<\/a> climbed 2.3%, but that was dwarfed by Reddit favourite AMC<\/a> which leapt 15.39% to nearly $50, but shares were down nearly $9 from the start of the week. In other speculative areas, Bitcoin<\/a> rose 1.68% as gold retrenched 1%. Finally, the U.S. 10-year added 1.5% to 1.453% after slipping this week and perhaps signalling that inflation fears are fading.<\/p>\n 🛢 Tourmaline Oil Corp<\/a> +8.31% This week, you missed Past Top Picks comments by Greg Newman, including Citigroup Inc. (A Top Pick Jun 18\/19, Down 22%) Get Premium to receive all past top picks opinions a few hours before market open. It was a good […]<\/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-230799","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\/230799","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=230799"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/230799\/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=230799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=230799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=230799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n👞 Roots Corporation<\/a> +9.58%
\n🧣 Canada Goose Holdings<\/a> +4.59%
\n💿 Enghouse Systems<\/a> -4.14%
\n🍱 MTY Food Group<\/a> -3.06%
\n💊 Eli Lilly & Co.<\/a> -4%
\n🩺 Johnson & Johnson<\/a> -1.27%
\n💾 Nvidia Corp<\/a> +2.3%
\n🎞 AMC Entertainment Holdings Inc.<\/a> +15.39%
\n🅱 The Bitcoin Fund<\/a> +1.68%<\/p>\n","protected":false},"excerpt":{"rendered":"