December began on a positive note with markets in Toronto and New York rallying into the close. The TSX rose 1% on Friday and 1.8% for the week as all sectors went green. Real estate, industrials and utilities led gains. <\/p>\n\n\n\n
Key names were Telus<\/a> up 2.88%, Hudbay Minerals<\/a> 6.33%, Interfor<\/a> 5.54%, Tilray<\/a> 6.2% and Baytex<\/a> -1.72%. WTI crude continue to slide, falling 2.3% to $74.25 as energy was the weakest sector.<\/p>\n\n\n\n The markets saw nothing to fear in the Fed’s Jay Powell’s latest comments about interest rates. U.S. stocks climbed across the board. The Nasdaq shrugged off early weakness to close 0.55% higher for the day and twice as much for the week. The S&P rose 0.59% to nearly 4,600 to make a new 52-week high, and added 0.9% for the week. However, the Dow more than 2% for the week and added 0.82% on Friday to demonstrate that the U.S. rally was broadening beyond megatech. Etsy<\/a> soared 8.1%, Warner Bros. Discovery<\/a> popped 8.47%, Paramount Global<\/a> 9.71% and Ulta Beauty<\/a> 10.6%. In response to Powell, the U.S. 10-year yield sank to 4.2%. Meanwhile, Bitcoin<\/a> rallied 2.8% to $38,800.<\/p>\n\n\n\n 📱 Telus Corp\u00a0(T-T)<\/a> +2.88%<\/p>\n\n\n\n ⛏ Hudbay Minerals\u00a0(HBM-T)<\/a> +6.33%<\/p>\n\n\n\n 🌲 Interfor Corp\u00a0(IFP-T)<\/a> +5.54%<\/p>\n\n\n\n 🌿 Tilray Inc.\u00a0(TLRY-Q)<\/a> +6.2%<\/p>\n\n\n\n 🛢 Baytex Energy Corp\u00a0(BTE-T)<\/a> -1.72%<\/p>\n\n\n\n 🛍 Etsy Inc.\u00a0(ETSY-Q)<\/a> +8.1%<\/p>\n\n\n\n 📺 Warner Bros. Discovery\u00a0(WBD-Q)<\/a> +8.47%<\/p>\n\n\n\n 🎞 Paramount Global\u00a0(PARA-Q)<\/a> +9.71%<\/p>\n\n\n\n 💄 Ulta Salon Cosmetics and Fragrance Inc.\u00a0(ULTA-Q)<\/a> +10.6%<\/p>\n\n\n\n