Economy

Toronto Stock Exchange rises as materials, energy boost

Published

3 years ago

May 10, 2021

Toronto Stock Exchange index rose on Monday, as heavyweight energy and material stocks climbed 1% boosted by higher commodity prices.

* Gold prices gained as the tepid U.S. jobs number last week cemented expectations that interest rates will remain low for some time, denting the dollar and boosting non-yielding metal’s appeal. [GOL/]

* The materials sector, which includes precious and base metals miners and fertilizer companies, added nearly 1%.

* The energy sector also rose 1% as oil prices gained after a cyberattack forced the shutdown of major fuel pipelines in the United States and raised concerns about supply disruption, outweighing rising coronavirus cases in Asia.

* At 09:38 a.m. ET (1338 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 26.96 points, or 0.14%, at 19,499.7.

* On the Toronto Stock Exchange, 136 issues were higher, while 89 issues declined for a 1.53-to-1 ratio favouring gainers, with 15.89 million shares traded.

* The largest percentage gainers on the TSX were Ero Copper Corp, which jumped 3.3%, and Labrador Iron Ore Royalty, which rose 3.3%, after TD Securities raised its target price on the stock to C$48 from C$44.

* Village Farms International Inc fell 8.6%, the most on the TSX, after the company posted a quarterly loss of 10 cents per share.

* The second biggest decliner was Ballard Power Systems Inc, down 5.5%.

* The most heavily traded shares by volume were Nevada Copper Corp, Tetra Bio-Pharma Inc and Zenabis Globol Inc.

* The TSX posted 33 new 52-week highs and one new low.

* Across all Canadian issues there were 166 new 52-week highs and 14 new lows, with total volume of 45.28 million shares.

(Reporting by Shivani Kumaresan in Bengaluru; Editing by Amy Caren Daniel)

Economy

S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

Published

2 days ago

September 13, 2024

Anne Joseph

TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

Statistics Canada reports wholesale sales higher in July

Published

2 days ago

September 13, 2024

Anne Joseph

OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

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Economy

S&P/TSX composite up more than 150 points, U.S. stock markets mixed

Published

3 days ago

September 12, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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