On Wednesday, the Bank of Canada announced it was halting QE bond buying and signaled that higher interest rates were coming a little sooner than expected, though didn’t set a schedule. The move reflects the strength of the Canadian economy, propelled by the effectiveness of Covid vaccines. (Canada’s vaccine rate is higher than in the U.S. or U.K., a complete reversal from six months ago.) On the TSX, only telcos escaped the selling as energy and tech took it on the chin.<\/p>\n
On the downside were Algonquin Power<\/a>, which just announced an acquisition, closing -4.3%; Suncor<\/a> at -3.72%, and Bombardier<\/a> at -2.76%. Among the few gainers was H&R REIT<\/a>, up 3.28%, and Rogers<\/a>, rebounding 3.36% after tanking in the past several sessions as the Rogers family bitterly feuds for control. Oil helped push the TSX down 1.03% as WTI crude shed 2% to $82 per barrel, and WTI lost 4% to $66.<\/p>\n Despite positive earnings from tech heavyweights Microsoft<\/a>, jumping 4.21%, and Alphabet<\/a>, popping 4.96%, the Nasdaq faded sharply and closed flat, while the Dow finished 0.74% and the S&P -0.51%. Oil was also the culprit on Wall Street, but also lowering yields as the 10-year slipped to 1.544%. Even investors sold Bitcoin<\/a>, which dropped 5.5% below $59,000. Also losing ground were Ford<\/a> at -2.7%, Comcast<\/a> at -2.46%, and Twitter<\/a> at -10.78%.<\/p>\n 💡 Algonquin Power & Utilities Corp (AQN-T)<\/a> -4.3% On Wednesday, the Bank of Canada announced it was halting QE bond buying and signaled that higher interest rates were coming a little sooner than expected, though didn’t set a schedule. The move reflects the strength of the Canadian economy, […]<\/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-250643","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\/250643","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=250643"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/250643\/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=250643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=250643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=250643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🛢 Suncor Energy Inc (SU-T)<\/a> -3.72%
\n🚂 Bombardier Inc (B) (BBD.B-T)<\/a> -2.76%
\n🏛 H&R Real Estate Inv Trust (HR.UN-T)<\/a> +3.28%
\n📡 Rogers Communications (B) (RCI.B-T)<\/a> +3.36%
\nⓂ Microsoft (MSFT-Q)<\/a> +4.21%
\n🧮 Alphabet Inc. \/ Google (GOOG-Q)<\/a> +4.96%
\n🅱 Bitcoin Cash (CRYPTO:BCH)<\/a> -5.5%
\n🚙 Ford Motor (F-N)<\/a> -2.7%
\n📱 Comcast Corp (CMCSA-Q)<\/a> -2.46%
\n🐦 Twitter, Inc (TWTR-N)<\/a> -10.78%<\/p>\n","protected":false},"excerpt":{"rendered":"