{"id":342982,"date":"2025-02-25T18:31:16","date_gmt":"2025-02-25T23:31:16","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=342982"},"modified":"2025-02-25T18:31:18","modified_gmt":"2025-02-25T23:31:18","slug":"canadian-banks-utilities-rally-u-s-tech-fades","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/canadian-banks-utilities-rally-u-s-tech-fades\/","title":{"rendered":"Canadian banks, utilities rally, U.S. tech fades"},"content":{"rendered":"\n

Despite Trump tariffs looming, the TSX gained 0.21% or 52 points on Tuesday, lifted by green energy and bank stocks. Making headlines was the Caisse de d\u00e9p\u00f4t buying Innergex Renewable<\/a>, which sent those shares rocketing 54.76%, and lifted other Canadian green energy names, including Boralex<\/a> by 7.46%. Meanwhile, bank earnings season week began with the Bank of Montreal<\/a> and the Bank of Nova Scotia<\/a> both beating. However, BMO’s credit losses came in lower than expected and its shares jumped 4.73%, while BNS’ credit losses clocked in higher, which pressured those shares by 1.15%. Eight of the 11 TSX sectors gained, led by real estate, staples and utilities, while energy lagged. WTI sank US$1.50 to US$69.20, while gold declined US$35 to US$2,916.<\/p>\n\n\n\n

On Wall Street, tech dragged the Nasdaq down 1.35%, though the index was off the worst levels of the day. The S&P shed 0.47% and the Dow gained 0.37% or 159 points. All eyes remain on Nvidia which reports tomorrow. NVDA<\/a> shares sank 2.8%, though also higher than the lows of the day. Following NVDA as the most active names were Tesla<\/a> at -8.39%, Super Micro Computer<\/a> -11.76% and Palantir<\/a> -3.13%. Bitcoin was not immune to the tech malaise as it lost US$5,800 to sink to US$88,120. The U.S. 10-year yield continued to slip, down to 4.3%.<\/p>\n\n\n\n

♻ Innergex Renewable Energy\u00a0(INE-T)<\/a> +54.76%<\/p>\n\n\n\n

♻ Boralex Inc.\u00a0(BLX-T)<\/a> +7.46%<\/p>\n\n\n\n

🏛 Bank of Montreal\u00a0(BMO-T)<\/a> +4.73%<\/p>\n\n\n\n

🏛 Bank of Nova Scotia\u00a0(BNS-T)<\/a> -1.15%<\/p>\n\n\n\n

💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -2.8%<\/p>\n\n\n\n

🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> -8.39%<\/p>\n\n\n\n

💾 Super Micro Computer\u00a0(SMCI-Q)<\/a> -11.76%<\/p>\n\n\n\n

💾 Palantir Technologies\u00a0(PLTR-Q)<\/a> -3.13%<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite Trump tariffs looming, the TSX gained 0.21% or 52 points on Tuesday, lifted by green energy and bank stocks. Making headlines was the Caisse de d\u00e9p\u00f4t buying Innergex Renewable, which sent those shares rocketing 54.76%, and lifted other Canadian […]<\/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-342982","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\/342982","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=342982"}],"version-history":[{"count":4,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/342982\/revisions"}],"predecessor-version":[{"id":342988,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/342982\/revisions\/342988"}],"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=342982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=342982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=342982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}