Markets were as hot as the weather Wednesday as general optimism and, in Canada, strong bank earings, lifted the indices to new all-time highs. The Nasdaq inched up 0.15% and the S&P 0.22% to 4,496 while the TSX climbed 0.19% to close at a record 20,587. The Dow fell short of reaching a new high, but advanced 0.11%. In Toronto, Canada’s biggest bank announced a Q3 revenue beat and rallied 0.83% to a record high.<\/p>\n
Other banks also enjoyed an upward move as the Bank of Nova Scotia<\/a> rose 1.29%. Even though National Bank<\/a> topped Q3 growth in all categories, shares slipped 0.55%. What all the banks have in common is that loan loss provisions were overestimated while loan growth is climbing. Materials lagged, such as Gran Colombia Gold<\/a> down 3.84%, but most of the major sectors closed in the green. Polaris Infrastructure<\/a> and Canaccord Genuity<\/a> both surged 5% while forestry names enjoyed a bounce, such as West Fraser Timber<\/a> up 3.26%.<\/p>\n On Wall Street, financials, energy and industrials rallied. Notable winners: American Express<\/a> jumping 3%, JPMorgan<\/a> 2%, Ulta Beauty<\/a> 4.29% and Deere<\/a> 2.28%. Heading down were steelmaker Nucor<\/a> at -2.67%, and the Gap<\/a> at -5.31%. Oil continued its revival as WTI rose to $68 per barrel, and WCS jumped $1 per barrel past $55. Gold held around $1,790 an ounce while Bitcoin also was steady, around $48,760.<\/p>\n 🏛 Bank of Nova Scotia<\/a> +1.29% Markets were as hot as the weather Wednesday as general optimism and, in Canada, strong bank earings, lifted the indices to new all-time highs. The Nasdaq inched up 0.15% and the S&P 0.22% to 4,496 while the TSX climbed 0.19% […]<\/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-241301","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\/241301","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=241301"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/241301\/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=241301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=241301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=241301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🏛 National Bank of Canada<\/a> -0.55%
\n🥇 Gran Colombia Gold Corp.<\/a> -3.84%
\n♻ Polaris Infrastructure<\/a> +5%
\n🏛 Canaccord Financial Inc<\/a> +5%
\n🌲 West Fraser Timber<\/a> +3.26%
\n💳 American Express<\/a> +3%
\n🏛 JP Morgan Chase & Co<\/a> +2%
\n💄 Ulta Salon Cosmetics and Fragrance Inc.<\/a> +4.29%
\n🦌 Deere & Co.<\/a> +2.28%
\n⛏ Nucor Corp.<\/a> -2.67%
\n🧢 Gap<\/a> -5.31%<\/p>\n","protected":false},"excerpt":{"rendered":"