As the U.S. dollar continues to slump, investors are driving up the prices of gold and silver to record highs. Gold rallied US$167 to US$5,176 while silver soared over 8% to US$112.20. Meanwhile, the S&P rose 0.41% to close at a record of 6,978, the Nasdaq popped 0.91% and the Dow sank 0.83%. The TSX was flat.<\/p>\n\n\n\n
Only three sectors including energy gained on Bay Street while consumer staples, healthcare and real estate were among the laggards. Key names: Whitecap Resources<\/a> gushed 3.77% as the most active name on the TSX, B2Gold<\/a> rose 2.59%, Cenovus<\/a> 1.81%, Cogeco<\/a> -5.94% and Constellation Software<\/a> -5.65%. On Wall Street, Corning<\/a> jumped 15.58%, Sysco<\/a> 10.96% and GM<\/a> rallied 8.75%. U.S. health insurers were routed after Trump proposed much-smaller-than expected rate increases in Medicare\u00a0Advantage rates. Humana<\/a> cratered by 21.13% and UnitedHealth<\/a> plunged 19.61%. The U.S. 10-year-yield edged up to 4.239%.<\/p>\n\n\n\n 🛢 Whitecap Resources (WCP-T)<\/a> +3.77%<\/p>\n\n\n\n 🥇 B2Gold Corp. (BTO-T)<\/a> +2.59%<\/p>\n\n\n\n 🛢 Cenovus Energy (CVE-T)<\/a> +1.81%<\/p>\n\n\n\n 📡 Cogeco Communications (CCA-T)<\/a> -5.94%<\/p>\n\n\n\n 💾 Constellation Software Inc. (CSU-T)<\/a> -5.65%<\/p>\n\n\n\n 🧬 Corning Inc (GLW-N)<\/a> +15.58%<\/p>\n\n\n\n 🚚 Sysco Corp (SYY-N)<\/a> +10.96%<\/p>\n\n\n\n 🚘 General Motors Corporation (GM-N)<\/a> +8.75%<\/p>\n\n\n\n