Business & Investment

Stocks remain up until Wednesday closing price

Canada’s largest market stocks, in a festive mood on Wednesday, bought energy and healthcare stocks to offset the loss of tech stocks.

TSX scored 41.11 points and closed Wednesday, the last day of pre-Christmas trading, at 17,593.57.

The Canadian dollar recovered from 0.25 cents to 77.81 cents.

The market closes early Thursday at 1:00 pm Eastern Standard Time on Christmas Eve.

Energy stocks soared Wednesday, Crescent Point Energy rose 24 cents (8.6%) to $ 3.04, and Enerplus Corporation rose 27 cents (7.2%) to $ 4.03.

Among cannabis concerns, Aurora cannabis rose 54 cents (4.7%) to $ 12.04 and rival Aphria Inc. rose 41 cents (4.5%) to $ 9.58.

Among consumer discretionary stocks, Magna International rose $ 7.49 (8.8%) to $ 93.16 and Martin Rare International rose 42 cents (2.7%) to $ 15.74.

However, Tech’s share price fell, with Shopify down $ 98.86 (6%) to $ 1,549.48 and Constellation Software down $ 82.61 (4.7%) to $ 1,697.69.

Among consumer staple foods, Alimentation Couche-Tard fell 43 cents to $ 44.15 and Metro Inc. fell 64 cents (1.1%) to $ 57.29.

In real estate, the Altus Group docked $ 1.99 (3.9%) to $ 49.12 and First Service lowered $ 4.82 (2.7%) to $ 171.55.

On the macro economy, Statistics Canada reported in October that the country’s gross domestic product increased by 0.4%. This is because 16 of the 20 industrial sectors increased in the month.

On Bay Street

TSX Venture Exchange rose 11.92 points (1.4%) to 841.89

All but three of the 12 TSX subgroups surged 4.5% in energy, 2.3% in healthcare stocks, and 2.2% in consumer discretion, above the day.

The three delays were information technology, down 3.2%, while consumer staple foods fell 0.4% and real estate fell 0.1%.

On wall street

Policy uncertainties weighed on sentiment as President Donald Trump chose to fight Congress, while the S & P 500 wiped out most of its profits and changed most of its profits at the end of Wednesday. There was no.

The 30 Dow Jones Industrial Averages rose 114.32 points to 30,129.83.

The S & P 500 rose 2.75 points to 3,690.01.

The circular sector, which is the most sensitive market pocket for economic recovery, has provided some support to the market. Energy rose 2.2% and finance rose 1.6%, proving to be the two best performing groups.

NASDAQ fell 36.8 points from Tuesday’s record high to 12,771.11. This is because tech giants Amazon, Apple and Microsoft have all fallen.

Wall Street, like its Canadian cousin, closes on Thursday Eve at 1:00 pm EST.

Travel-related stocks, which sold out earlier this week, rebounded as concerns about the new coronavirus stock from the UK eased. United Airlines and Delta Air Lines each rose 2.7%, Carnival Airlines rose 5.7%, and Norwegian Cruise Line thrived 6.2%. Health experts have stated that the vaccine in production is effective against new mutants.

On Wednesday, Pfizer and BioNTech announced a second contract with the US government to supply another 100 million doses of the co-developed COVID-19 vaccine. The agreement brings the total dose to 200 million and will be delivered to the United States by the end of July next year.

To date, the United States has vaccinated more than one million people, according to the US Centers for Disease Control and Prevention. The federal goal is to inoculate 20 million Americans by the end of the year.

Late Tuesday, Trump called the new $ 900 billion COVID bailout package inappropriate “humiliation” and advised lawmakers to change the content of the bill, especially the amount allocated for direct payments to Americans.

Mr. Trump did not threaten to veto the bill, but demanded that “if the proper bill is not submitted, the next administration will have to submit a COVID bailout package.”

In terms of data, unemployed claims in the United States totaled 803,000 in the week leading up to December 19, more than an estimated 888,000, according to economists surveyed by Dow Jones. However, both consumer durables and personal income in November were lower than expected.

Prices of 10-year government bonds have fallen to some extent, with yields rising from 0.92% on Tuesday to 0.94%. Treasury prices and yields move in the opposite direction.

Crude oil prices have recovered from $ 1.02 a barrel to $ 48.04.

Gold prices have returned from $ 6.20 to $ 1,876.50.

Stocks remain up until Wednesday closing price

http://www.baystreet.ca/articles/marketupdates.aspx?articleid=62896 Stocks remain up until Wednesday closing price

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