Thursday saw the price of crude oil continue to slide after OPEC announced a modest output increase. WTI fell below $90 (for the first time since Russia invaded Ukraine) to trade around $88.40. Meanwhile, WCS plunged 3.5% to $69. Naturally, energy was the biggest loser on the TSX which still gained 31 points or 0.16% on the strength of industrials, materials and consumer staples.<\/p>\n
The most influential names were Enbridge<\/a> at -1.94% in heavy trading, Cenovus<\/a> -7.59%, Suncor<\/a> -4.48% and Barrick Gold<\/a> up nearly 4%. Sun Life Financial<\/a> rallied 2.25% after an earnings beat, but Maple Leaf Foods<\/a> tanked over 17% on weak sales, particularly in its plant-based food products.<\/p>\n The picture was mixed on Wall Street where the S&P closed modestly down at -0.08%, the Nasdaq gained 0.41% but and the Dow finished -0.26%. The U.S. 10-year yield traded around 2.663% while Bitcoin<\/a> sank 4.25% to $22,500. Energy was also down as well as consumer staples, but industrials, discretionary and tech rose. Big gainers were AMD<\/a> up nearly 6%, Warner Brothers Discovery<\/a> at 4.61%, and Moderna<\/a> up 4.12%. However, Fortinet<\/a> plunged over 16%, Exxon<\/a> shed 4.21% and Hess<\/a> fell 5.49%.<\/p>\n 🛢 Enbridge (ENB-T)<\/a> -1.94% Thursday saw the price of crude oil continue to slide after OPEC announced a modest output increase. WTI fell below $90 (for the first time since Russia invaded Ukraine) to trade around $88.40. Meanwhile, WCS plunged 3.5% to $69. Naturally, […]<\/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-288580","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\/288580","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=288580"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/288580\/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=288580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=288580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=288580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🛢 Cenovus Energy (CVE-T)<\/a> -7.59%
\n🛢 Suncor Energy Inc (SU-T)<\/a> -4.48%
\n🥇 Barrick Gold (ABX-T)<\/a> +4%
\n🏛 Sun Life Financial Inc (SLF-T)<\/a> +2.25%
\n🍱 Maple Leaf Foods (MFI-T)<\/a> -17%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -4.25%
\n💾 Advanced Micro Devices (AMD-Q)<\/a> +6%
\n📺 Warner Bros. Discovery (WBD-Q)<\/a> +4.61%
\n💉 Moderna (MRNA-Q)<\/a> +4.12%
\n💾 Fortinet Inc (FTNT-Q)<\/a> -16%
\n🛢 Exxon Mobil (XOM-N)<\/a> -4.21%
\n🛢 Hess Corp. (HES-N)<\/a> -5.49%<\/p>\n","protected":false},"excerpt":{"rendered":"