Wednesday saw the release of Canadian GDP in Q1 rise 3.1%, beating Ottawa’s own projection of 2.5%. The stronger than expected number fueled speculation that the Bank of Canada will resume hiking interest rates and pressured the TSX down by 0.84%. Only three sectors on Bay Street were positive, led utilities, while the rest dragged down the index, starting with industrials and energy.<\/p>\n
Most-traded were Suncor<\/a> which finished -1.98%, Manulife<\/a> -1.6% and Enbridge<\/a> -1.34%. Minerals were generally up, such as Centerra Gold<\/a> by 9.8%, but Eldorado Gold<\/a> sank 8.23%. WTI crude slipped 2.25% to $68 a barrel. The TSX slid 5.28% for May on weakness in commodities and financials.<\/p>\n Wall Street largely assumes that Washington will pass a bill to solve the perennial debt ceiling crisis, but a stronger than expected jobs data pushed down markets modestly: the S&P -0.6%, the Nasdaq -0.63%, and the Dow -0.27%. However, the S&P was flat for the month of May while Nasdaq gained 6%. Semis continued to rule the indexes, but there was profit-taking in this session: AMD<\/a> -5.57% and Nvidia<\/a> -4.1%. However, Intel<\/a> rallied 6.47%. Elsewhere, Hewlett-Packard<\/a> fell 6.35% and Advance Auto Parts<\/a> tanked by 35%. The U.S. 10-year yield slipped to 3.641% while Bitcoin<\/a> sank 2.4% to $27,000.<\/p>\n 🛢 Suncor Energy Inc (SU-T)<\/a> -1.98% Wednesday saw the release of Canadian GDP in Q1 rise 3.1%, beating Ottawa’s own projection of 2.5%. The stronger than expected number fueled speculation that the Bank of Canada will resume hiking interest rates and pressured the TSX down by […]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"closed","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-326593","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\/326593","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=326593"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/326593\/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=326593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=326593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=326593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🏛 Manulife Financial (MFC-T)<\/a> -1.6%
\n🛢 Enbridge (ENB-T)<\/a> -1.34%
\n🥇 Centerra Gold Inc (CG-T)<\/a> +9.8%
\n🥇 Eldorado Gold (ELD-T)<\/a> -8.23%
\n💾 Advanced Micro Devices (AMD-Q)<\/a> -5.57%
\n💾 NVIDIA Corporation (NVDA-Q)<\/a> -4.1%
\n💾 Intel (INTC-Q)<\/a> +6.47%
\n💻 Hewlett-Packard Co (HPQ-N)<\/a> -6.35%
\n🚗 Advance Auto Parts (AAP-N)<\/a> -35%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -2.4%<\/p>\n","protected":false},"excerpt":{"rendered":"