Stocks Hang Onto Gains by Close
Equities in Canada’s largest centre ebbed and flowed on Wednesday, before settling in higher country. This, as Wall Street stabilized following a rout in the previous session on rate hike fears, while a bounce in oil prices pushed energy stocks higher. The TSX Composite hung onto gains of 80.74 points to close Wednesday at 19,726.14. The Canadian dollar ditched 0.03 cents to 75.94 cents. Energy stocks led the gainers, as Secure Energy vaulted 38 cents, or 6.8%, to $5.96. Cenovus Energy hiked $1.18, or 4.9%, to $25.49. In health-care, Bausch Health Companies sprinted 55 cents, or 5.7%, to $10.25, while Aurora Cannabis added three cents, or 1.5%, to $2.00. In tech issues, Converge jumped 27 cents, or 4.6%, to $6.13, while Softchoice added 76 cents, or 4.1%, to $19.47. Units of Allied Properties REIT helped anchor real-estate issues down, losing 70 cents, or 2.2%, to $31.12, while SmartCentres REIT lost 58 cents, or 2%, to $27.86. In communications, Corus Entertainment dipped 20 cents, or 7%, to $2.66, while BCE fell $1.36, or 2.2%, to $61.14.
Stocks Hang Onto Gains by Close
Equities in Canada’s largest centre ebbed and flowed on Wednesday, before settling in higher country. This, as Wall Street stabilized following a rout in the previous session on rate hike fears, while a bounce in oil prices pushed energy stocks higher. The TSX Composite hung onto gains of 80.74 points to close Wednesday at 19,726.14. The Canadian dollar ditched 0.03 cents to 75.94 cents. Energy stocks led the gainers, as Secure Energy vaulted 38 cents, or 6.8%, to $5.96. Cenovus Energy hiked $1.18, or 4.9%, to $25.49. In health-care, Bausch Health Companies sprinted 55 cents, or 5.7%, to $10.25, while Aurora Cannabis added three cents, or 1.5%, to $2.00. In tech issues, Converge jumped 27 cents, or 4.6%, to $6.13, while Softchoice added 76 cents, or 4.1%, to $19.47. Units of Allied Properties REIT helped anchor real-estate issues down, losing 70 cents, or 2.2%, to $31.12, while SmartCentres REIT lost 58 cents, or 2%, to $27.86. In communications, Corus Entertainment dipped 20 cents, or 7%, to $2.66, while BCE fell $1.36, or 2.2%, to $61.14.