TSX Hangs Onto Gains
Equities in Canada’s largest centre managed to hang onto the gains they’d created throughout Thursday, mostly credited to the gold and other resource sectors, and where industrial whiz Bombardier flexed its muscles, too. The TSX retained 31.1 points by the end of Thursday’s session at 19,577.04. The Canadian dollar fell 0.03 cents to 77.76 cents U.S. Gold showed the way Thursday, with New Gold sprinting seven cents, or 7.1%, to $1.05, while Oceanagold acquired 18 cents, or 8.2%, to $2.37. In other resource stocks, First Majestic Silver picked up 92 cents, or 9.7%, to $10.40, while K92 Mining jumped 49 cents, or 4.6%, to $11.14. Among industrial stocks, Bombardier posted a smaller second-quarter loss, helped by steady demand and lower interest expenses. Bombardier closed the day up $2.40, or 10.3%, to $25.83. Energy stocks took a pummeling, though, the worst sustained by Parex Resources, down $1.92, or 8.3%, to $21.15, while Cenovus Energy slid $1.71, or 7.6%, to $20.69. Tech issues took some bruising as well, with Lightspeed Commerce ducking $3.80, or 12.1%, to $27.64, and Nuvei Corporation docking $2.12 or 4.2%, to $47.95.
TSX Hangs Onto Gains
Equities in Canada’s largest centre managed to hang onto the gains they’d created throughout Thursday, mostly credited to the gold and other resource sectors, and where industrial whiz Bombardier flexed its muscles, too. The TSX retained 31.1 points by the end of Thursday’s session at 19,577.04. The Canadian dollar fell 0.03 cents to 77.76 cents U.S. Gold showed the way Thursday, with New Gold sprinting seven cents, or 7.1%, to $1.05, while Oceanagold acquired 18 cents, or 8.2%, to $2.37. In other resource stocks, First Majestic Silver picked up 92 cents, or 9.7%, to $10.40, while K92 Mining jumped 49 cents, or 4.6%, to $11.14. Among industrial stocks, Bombardier posted a smaller second-quarter loss, helped by steady demand and lower interest expenses. Bombardier closed the day up $2.40, or 10.3%, to $25.83. Energy stocks took a pummeling, though, the worst sustained by Parex Resources, down $1.92, or 8.3%, to $21.15, while Cenovus Energy slid $1.71, or 7.6%, to $20.69. Tech issues took some bruising as well, with Lightspeed Commerce ducking $3.80, or 12.1%, to $27.64, and Nuvei Corporation docking $2.12 or 4.2%, to $47.95.