Negative GDP on both sides of the border pressured markets on Wednesday, though a late rally limited the damage. U.S. GDP shrank by 0.3% in Q1, the first contraction in three years, which mostly happened under Trump’s first 100 days. In contrast, U.S. GDP was +2.4% in Q1 2024. Markets plunged in pre-market trading and struggled for much of the session, though a late-day surge pushed the S&P into positive territory at 0.15%, the Dow 0.35% and the Nasdaq -0.09% or down 15 points. <\/p>\n\n\n\n
Key names: Amcor<\/a> -1.39%, Tesla<\/a> -3.38%, Super Micro Computer<\/a> -11.5%, Seagate<\/a> 11.56% and Trane Technologies<\/a> 8.45%. The U.S. 10-year yield held around 4.17% while Bitcoin shed US$345 to US$94,530.<\/p>\n\n\n\n Canada’s GDP contracted 0.2% in February compared to a 0.4% gain in Canada. The TSX recovered most of its session losses to close -0.13%. Nine sectors gained ground, led by staples, telcos and utilities while energy lagged the most. Major movers on Bay Street: Whitecap Resources<\/a> -3.81%, Ivanhoe Mines<\/a> -5.92%, New Gold<\/a> 19.35%, Gildan<\/a> 7.12% and Badger<\/a> 6.45%. Gold gave up US$23 to US$3,924 while WTI sank US$2.20 to US$58.20.<\/p>\n\n\n\n 📦 Amcor PLC\u00a0(AMCR-N)<\/a> -1.39%<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> -3.38%<\/p>\n\n\n\n 💾 Super Micro Computer\u00a0(SMCI-Q)<\/a> -11.5%<\/p>\n\n\n\n 💾 Seagate Technology\u00a0(STX-Q)<\/a> +11.56%<\/p>\n\n\n\n ⚙ Trane Technologies\u00a0(TT-N)<\/a> +8.45%<\/p>\n\n\n\n 🛢 Whitecap Resources\u00a0(WCP-T)<\/a> -3.81%<\/p>\n\n\n\n ⛏ Ivanhoe Mines Ltd\u00a0(IVN-T)<\/a> -5.92%<\/p>\n\n\n\n 🥇 New Gold Inc.\u00a0(NGD-T)<\/a> +19.35%<\/p>\n\n\n\n 👕 Gildan Activewear Inc.\u00a0(GIL-T)<\/a> +7.12%<\/p>\n\n\n\n