As expected, the Bank of Canada cut the key lending rate by 50 basis points to 3.25%, in the wake of climbing unemployment and other economic data. The TSX gained 0.6% for the session, though sectors were mixed. Strong gains in materials and tech helped outweigh weakness in health care and telcos. <\/p>\n\n\n\n
Miners were among the day’s biggest gainers, including SSR Mining<\/a> by 7.66% and Novagold Resources<\/a> at 7.66%. Other key names were CNQ<\/a> up 1.12%, Telus<\/a> -3.76% and Bausch Health<\/a> -9.07%. Gold advanced US$23 to US$2,717 while WTI crude jumped 2.55% to US$70.35.<\/p>\n\n\n\n In New York, tech lead a convincing rally as the Nasdaq jumped 1.77% and the S&P 0.82%, though the Dow declined 0.22%. Major movers: Broadcom<\/a> leapt 6.63%, Tesla<\/a> 5.93, Alphabet<\/a> 5.52%, CVS<\/a> -6.15% and Nvidia<\/a> -3.14% as the most-active name again. Bitcoin<\/a> soared 4.25% to nearly US$100,000 while the U.S. 10-year yield inched up to 4.269%.<\/p>\n\n\n\n ⛏ SSR Mining\u00a0(SSRM-T)<\/a> +7.66%<\/p>\n\n\n\n 🥇 NovaGold Resources Inc\u00a0(NG-T)<\/a> +7.66%<\/p>\n\n\n\n 🛢 Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> +1.12%<\/p>\n\n\n\n 📱 Telus Corp\u00a0(T-T)<\/a> -3.76%<\/p>\n\n\n\n 👨⚕️ Bausch Health Companies Inc.\u00a0(BHC-T)<\/a> -9.07%<\/p>\n\n\n\n 🧬 Broadcom\u00a0(AVGO-Q)<\/a> +6.63%<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> +5.93%<\/p>\n\n\n\n 🧮 Alphabet Inc\u00a0(GOOG-Q)<\/a> +5.52%<\/p>\n\n\n\n 👨⚕️ CVS Health Corp\u00a0(CVS-N)<\/a> -6.15%<\/p>\n\n\n\n