TSX Barely Scrapes Breakeven
Stocks played dipsy-doodle with investors on Friday, as strength in resource stocks were compensated for by consumer stocks. All in all, it was a rough finish to the day, week, month and third quarter. The TSX Composite descended from early gains to only 2.38 points ahead of breakeven to close out Friday at 18,444.22. On the week, the index gave back more than 36.7 points, or 0.2%. The Canadian dollar subsided 0.73 cents to 72.40 cents U.S. For the month, the TSX was on pace to fall 4.2%, and headed for its second straight quarterly decline in what will be its longest losing streak since 2018. Real-estate was an unlikely leader among gaining stocks, with units of Boardwalk REIT adding two dollars, or 4.5%, to $46.45, while Summit REIT took on 72 cents, or 4.4%, to $17.17. In gold stocks, Wesdome Gold gained 46 cents, or 5.2%, to $9.36, while Kinross Gold rocketed 30 cents, or 6.1%, to $5.23. In materials, Osisko Mining leaped 42 cents, or 15.6%, to $3.11, while Fortuna Silver Mines galloped 23 cents, or 7.1%, to $3.48.
TSX Barely Scrapes Breakeven
Stocks played dipsy-doodle with investors on Friday, as strength in resource stocks were compensated for by consumer stocks. All in all, it was a rough finish to the day, week, month and third quarter. The TSX Composite descended from early gains to only 2.38 points ahead of breakeven to close out Friday at 18,444.22. On the week, the index gave back more than 36.7 points, or 0.2%. The Canadian dollar subsided 0.73 cents to 72.40 cents U.S. For the month, the TSX was on pace to fall 4.2%, and headed for its second straight quarterly decline in what will be its longest losing streak since 2018. Real-estate was an unlikely leader among gaining stocks, with units of Boardwalk REIT adding two dollars, or 4.5%, to $46.45, while Summit REIT took on 72 cents, or 4.4%, to $17.17. In gold stocks, Wesdome Gold gained 46 cents, or 5.2%, to $9.36, while Kinross Gold rocketed 30 cents, or 6.1%, to $5.23. In materials, Osisko Mining leaped 42 cents, or 15.6%, to $3.11, while Fortuna Silver Mines galloped 23 cents, or 7.1%, to $3.48.