Stocks Stride to End Week
Canada''s main stock index rose on Friday, aided by gains in technology and health-care shares, while cybersecurity company Blackberry rose on the back of upbeat corporate earnings. The SP|TSX regained 339.28 points, or 1.8%, to reach noon at 19,056.40. The Canadian dollar hiked 0.49 cents to 77.49 cents U.S. As for BlackBerry, the company gained 23 cents or, 3.3%, to $7.22, after trumping estimates for first-quarter revenue on Thursday, powered by growth in its auto products and cybersecurity services segments. Other Toronto-based stocks such as Bausch Health Companies, gained $1.65, or 17.5%, to $11.10, while Aurora Cannabis took on 12 cents, or 6.5%, to $1.97. Statistics Canada reported its Survey of Employment, Payrolls and Hours—measuring number of employees receiving pay or benefits from their employer -- increased by 126,000 (or 0.7%) in April. ON BAYSTREET The TSX Venture Exchange gained 5.48 points to 637.27. All but one of the 12 TSX subgroups gained ground, with health-care rocketing 4.2%, information technology up 2.7%, and energy rumbling 1.8%.
Stocks Stride to End Week
Canada''s main stock index rose on Friday, aided by gains in technology and health-care shares, while cybersecurity company Blackberry rose on the back of upbeat corporate earnings. The SP|TSX regained 339.28 points, or 1.8%, to reach noon at 19,056.40. The Canadian dollar hiked 0.49 cents to 77.49 cents U.S. As for BlackBerry, the company gained 23 cents or, 3.3%, to $7.22, after trumping estimates for first-quarter revenue on Thursday, powered by growth in its auto products and cybersecurity services segments. Other Toronto-based stocks such as Bausch Health Companies, gained $1.65, or 17.5%, to $11.10, while Aurora Cannabis took on 12 cents, or 6.5%, to $1.97. Statistics Canada reported its Survey of Employment, Payrolls and Hours—measuring number of employees receiving pay or benefits from their employer -- increased by 126,000 (or 0.7%) in April. ON BAYSTREET The TSX Venture Exchange gained 5.48 points to 637.27. All but one of the 12 TSX subgroups gained ground, with health-care rocketing 4.2%, information technology up 2.7%, and energy rumbling 1.8%.