Stock Rally Take Breather
Equities in Canada’s largest market took a break from their winning streak of several days, as weakness in resource stocks brought the index into the red. The TSX dropped 88.53 points to conclude Wednesday at 20,181.44. The Canadian dollar shed 0.37 cents to 77.48 cents U.S. Gold weighed heaviest on the market, with Equinox Gold down 77 cents, or 6.8%, to $5.04, while Wesdome Gold sank 49 cents, or 5.3%, to $8.73. Among tech issues, Lightspeed Commerce fell $2.08, or 7.2%, to $26.84, and Shopify slid $2.85, or 5.6%, to $47.99. Among materials, Silvercrest Metals doffed 71 cents, or 8.1%, to $8.08, while K92 Mining skidding 46 cents, or 5.5%, to $7.84. Energy tried to even things out, with Enerplus up 50 cents, or 2.8%, to $18.56, and MEG Energy ahead 44 cents, or 2.7%, to $16.50. In consumer staples, Jamieson Wellness took charge of 67 cents, or 1.8%, to $37.59, while Loblaw Companies improved $2.03, or 1.7%, to $124.41. Utilities were also positive, Boralex captured 92 cents, or 1.9%, to $50.11, while Capital Power acquired 41 cents to $50.73.
Stock Rally Take Breather
Equities in Canada’s largest market took a break from their winning streak of several days, as weakness in resource stocks brought the index into the red. The TSX dropped 88.53 points to conclude Wednesday at 20,181.44. The Canadian dollar shed 0.37 cents to 77.48 cents U.S. Gold weighed heaviest on the market, with Equinox Gold down 77 cents, or 6.8%, to $5.04, while Wesdome Gold sank 49 cents, or 5.3%, to $8.73. Among tech issues, Lightspeed Commerce fell $2.08, or 7.2%, to $26.84, and Shopify slid $2.85, or 5.6%, to $47.99. Among materials, Silvercrest Metals doffed 71 cents, or 8.1%, to $8.08, while K92 Mining skidding 46 cents, or 5.5%, to $7.84. Energy tried to even things out, with Enerplus up 50 cents, or 2.8%, to $18.56, and MEG Energy ahead 44 cents, or 2.7%, to $16.50. In consumer staples, Jamieson Wellness took charge of 67 cents, or 1.8%, to $37.59, while Loblaw Companies improved $2.03, or 1.7%, to $124.41. Utilities were also positive, Boralex captured 92 cents, or 1.9%, to $50.11, while Capital Power acquired 41 cents to $50.73.