On Thursday, Prime Minister Carney announced that Ottawa will fast-track five infrastructure projects, including LNG in Kitamat, B.C. The news boosted the industrials sector and the TSX itself which rallied 0.78% to a record high of 29,407. Eight sectors gained, while energy lagged the most. Major movers were infrastructure names Aecon, jumping 9.55%, AtkinsRealis 8% and Bird Construction 6.88%. Meanwhile, Air Transat reported a miss and issued a dour forecast, which sent its shares diving 10.87%. In minerals, First Majestic Silver rallied 10.03%. Gold backed off from record levels to US$3,636 while WTI sank over 2% to US$62.30<\/p>\n
The August U.S. CPI print hit Wall Street. Inflation rose to 2.9% in August, higher than the previous month’s 2.7% and well above the U.S. Fed’s target of 2%. (Canada’s is 1.7%.) The number pushed stocks higher and increased the chances of the Fed cutting interest rates this month to slamdunk levels. Once again, the three major indices made record closes: the S&P up 0.85%, the Nasdaq 0.72% and the Dow 1.36% to 46,108. Major movers: Oracle gave back 6.23% after a monster move higher yesterday, Synopsis leapt 12.98%, and Centene 8.99%. A report came out that Paramount Skydance is preparing a bid for Warner Bros. Discovery, which catapulted the stocks 15.55% and 28.85% higher, respectively. Meanwhile, Bitcoin added 0.66% to US$114,370. The U.S. 10-year-yield held around 4.024%.<\/p>\n
⚙ Aecon Group Inc (ARE-T) +9.55%
\n⚙ AtkinsRealis Group (ATRL-TO) +8%
\n🧱 Bird Construction Income Fund (BDT-T) +6.88%
\n🛫 Transat AT Inc. (TRZ-T) -10.87%
\n🥈 First Majestic Silver (FR-T) +10.03%
\n💾 Oracle (ORCL-N) -6.23%
\n💾 Synopsys Inc (SNPS-Q) +12.98%
\n👨⚕️ Centene (CNC-N) +8.99%
\n🎞 Paramount Skydance Corporation (PSKY-Q) +15.55%
\n📺 Warner Bros. Discovery (WBD-Q) +28.85%
\n🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.66%<\/p>\n","protected":false},"excerpt":{"rendered":"
On Thursday, Prime Minister Carney announced that Ottawa will fast-track five infrastructure projects, including LNG in Kitamat, B.C. The news boosted the industrials sector and the TSX itself which rallied 0.78% to a record high of 29,407. Eight sectors gained, […]<\/p>\n","protected":false},"author":12,"featured_media":343920,"comment_status":"closed","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-344032","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\/344032","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=344032"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/344032\/revisions"}],"predecessor-version":[{"id":344045,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/344032\/revisions\/344045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/343920"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=344032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=344032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=344032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}