On Wednesday morning, the Bank of Canada surprised Bay Street (but not Stockchase) by rising the key lending rate 25 basis points to 4.75%. The BOC was responding to recent data, including stubborn inflation. The TSX slipped 0.34%, though sectors were mixed. Industrials and energy rose, but consumer staples and tech sank.<\/p>\n
Major movers were Suncor<\/a> up 1.76% and Pembina. Beyond energy, Shopify<\/a> closed -6.65% and North West Company<\/a> -10.81%. Indigo announced the stunning resignation of its longtime CEO as well as four board directors including one who complained of mistreatment. Indigo<\/a> shares popped 11.28%. WTI rose 1.25 to $72.60 a barrel.<\/p>\n In New York, tech dragged down the major indices as the S&P finished -0.38%, the Nasdaq -1.29%, though the Dow added 0.27%. Big movers here were Amazon<\/a> at -4.25% after announcing it will launch ad-supported version of Prime streaming, AMD<\/a> -5.15%, Campbell Soup<\/a> -8.91% after issuing weak guidance. However, Warner Bros. Discovery<\/a> jumped 8.43% after its CEO departed. The U.S. 10-year yield was 3.793% while Bitcoin<\/a> slid 3% to $26,400.<\/p>\n 🛢 Suncor Energy Inc (SU-T)<\/a> +1.76% On Wednesday morning, the Bank of Canada surprised Bay Street (but not Stockchase) by rising the key lending rate 25 basis points to 4.75%. The BOC was responding to recent data, including stubborn inflation. The TSX slipped 0.34%, though sectors […]<\/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-327470","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\/327470","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=327470"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/327470\/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=327470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=327470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=327470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🛍 Shopify Inc. (SHOP-T)<\/a> -6.65%
\n🌲 North West Company (NWC-T)<\/a> -10.81%
\n🛍 Indigo Books & Music Inc. (IDG-T)<\/a> +11.28%
\n📦 Amazon.com, Inc. (AMZN-Q)<\/a> -4.25%
\n💾 Advanced Micro Devices (AMD-Q)<\/a> -5.15%
\n🥫 Campbell Soup Company (CPB-N)<\/a> -8.91%
\n🎞 Warner Bros. Discovery (WBD-Q)<\/a> +8.43%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> -3%<\/p>\n","protected":false},"excerpt":{"rendered":"