Stocks Continue Recovery
Equities moved a bit closer to sunshine and fresh air Tuesday, after the downward misery of last week, powered largely by resource stocks. The SP|TSX hung onto gains of 73.66 points by the closing bell to 19,257.29. The Canadian dollar cents to 77.38 cents U.S. Energy stocks proved the main agent of growth Tuesday, with MEG Energy towering $1.05, or 5.3%, to $20.88, while Vermilion sprinted $1.61, or 6.5%, to $26.38. Real-estate issues also performed well, with Tricon Capital Group ahead 31 cents, or 2.5%, to $12.78, while Primaris REIT grabbed 19 cents, or 1.5%, to $12.65. Gold was also on the plus side, with Wesdome Gold surging 40 cents, or 3.2%, to $12.92, while New Gold acquired seven cents, or 4.6%, to $1.60. Communications pulled things downward, as Rogers declined $1.68, or 2.7%, to $60.80, while Quebecor dropped 39 cents, or 1.3%, to $28.88. In health-care, Bausch Health Companies withered 48 cents, or 4.9%, to $9.29. In consumer staples, Maple Leaf Foods handed back 66 cents, or 2.5%, to $25.38, while Metro fell 79 cents, or 1.2%, to $66.91.
Stocks Continue Recovery
Equities moved a bit closer to sunshine and fresh air Tuesday, after the downward misery of last week, powered largely by resource stocks. The SP|TSX hung onto gains of 73.66 points by the closing bell to 19,257.29. The Canadian dollar cents to 77.38 cents U.S. Energy stocks proved the main agent of growth Tuesday, with MEG Energy towering $1.05, or 5.3%, to $20.88, while Vermilion sprinted $1.61, or 6.5%, to $26.38. Real-estate issues also performed well, with Tricon Capital Group ahead 31 cents, or 2.5%, to $12.78, while Primaris REIT grabbed 19 cents, or 1.5%, to $12.65. Gold was also on the plus side, with Wesdome Gold surging 40 cents, or 3.2%, to $12.92, while New Gold acquired seven cents, or 4.6%, to $1.60. Communications pulled things downward, as Rogers declined $1.68, or 2.7%, to $60.80, while Quebecor dropped 39 cents, or 1.3%, to $28.88. In health-care, Bausch Health Companies withered 48 cents, or 4.9%, to $9.29. In consumer staples, Maple Leaf Foods handed back 66 cents, or 2.5%, to $25.38, while Metro fell 79 cents, or 1.2%, to $66.91.