Stocks Flex Muscles, Move Higher on Day, Week
The drought ended this week for equities in Canada’s largest centre, with indexes powering ahead for the most part, with tech and real-estate prominently in the winners’ circle. The SP|TSX hiked 216.4 points, or 1.1%, to close Friday and a shortened week at 20,748.58. The index advanced more than 550 points, or 2.7% on the week. Markets were closed Monday in Canada for Victoria Day. The Canadian dollar gained 0.33 cents to 78.61 cents U.S. Tech stocks led the charge, with BlackBerry pointing higher 57 cents, or 7.4%, to $8.32, while HUT 8 Mining captured 21 cents, or 7.1%, to $3.17. Real-estate stocks shone as well, with FirstService towering $5.61, or 3.7%, to $159.37, while Altus Group climbed $1.39, or 3.1%, to $45.87. In industrials, Lifeworks jumped $1.17, or 7.1%, to $17.67, while Ballard Power Systems grabbed 55 cents, or 6%, to $9.94. Cannabis stocks got clobbered, though, Aurora Cannabis was bruised $1.30, or 37.5%, to $2.17, while rival Canopy Growth fell 87 cents, or 12.2%, to $6.25.
Stocks Flex Muscles, Move Higher on Day, Week
The drought ended this week for equities in Canada’s largest centre, with indexes powering ahead for the most part, with tech and real-estate prominently in the winners’ circle. The SP|TSX hiked 216.4 points, or 1.1%, to close Friday and a shortened week at 20,748.58. The index advanced more than 550 points, or 2.7% on the week. Markets were closed Monday in Canada for Victoria Day. The Canadian dollar gained 0.33 cents to 78.61 cents U.S. Tech stocks led the charge, with BlackBerry pointing higher 57 cents, or 7.4%, to $8.32, while HUT 8 Mining captured 21 cents, or 7.1%, to $3.17. Real-estate stocks shone as well, with FirstService towering $5.61, or 3.7%, to $159.37, while Altus Group climbed $1.39, or 3.1%, to $45.87. In industrials, Lifeworks jumped $1.17, or 7.1%, to $17.67, while Ballard Power Systems grabbed 55 cents, or 6%, to $9.94. Cannabis stocks got clobbered, though, Aurora Cannabis was bruised $1.30, or 37.5%, to $2.17, while rival Canopy Growth fell 87 cents, or 12.2%, to $6.25.