Stocks in Toronto managed to salvage some dignity out of a rough (albeit short) week, with tech and consumer issues pushing Friday’s totals appreciably higher.

The TSX gained 146.23 points to close Friday at 19,920.31. On the week, though, the index still dropped 430 points, or 2.1%.

The Canadian dollar nicked higher 0.18 cents to 73.46 cents U.S.

Tech stocks proved champion among subgroups, as Celestica roared ahead $1.64, or 10.3%, to $17.51, while HUT 8 Mining spiked 18 cents, or 7.1%, to $2.70.

In consumer discretionary issues, Gildan Activewear tacked on 80 cents, or 2.1%, to $38.69, while Dollarama triumphed $1.65, or 2%, to $83.84.

Financials also moved ahead, with Fairfax Financial grabbing $28.92, or 3%, to $991.42, while CI Financial jumped 34 cents, or 2.7%, to $13.18.

Only health-care stocks felt around for the bruises, with Tilray punished 65 cents, or 20.4%, to $2.53, while Chartwell Retirement Residences … Read more

invest while mitigating risk with this top-rated stock screening app.

Source link … Read more

Retail sales volumes have fallen this month compared with the same period last year, while staffing levels have dropped sharply, a survey has found.

Volumes fell to a balance of -10 per cent in the sentiment survey published by the CBI, which had recorded 5 per cent growth the month before.

Retailers also said their staff headcounts had fallen at the fastest pace since February 2009 and the aftermath of the financial crisis. The survey by the employers’ group is the latest to show that weak sales and more than a year of soaring costs have led to caution among retailers about hiring new staff.

Business briefing Morning and midday updates on financial and economic news from our award-winning business team. Sign up with one click
The survey of 123 respondents, 46 of which were retailers, asked business leaders whether their company’s performance on a given metric had increased or … Read more

Equities in Toronto spent most of the session in the negative, before doggedly making their way into the green, on the strength of health-care and energy stocks.

The TSX squeezed higher 66 points to close Thursday at 20,297.09.

The Canadian dollar backed off 0.17 cents to 74.08 cents U.S.

Health-care stocks ruled the roost among gainers, with Bausch Health gaining $1.70, or 13.9%, to $11.45, while Tilray took on five cents, or 1.5%, to $3.30.

In the energy sector, Birchcliff Energy collected 32 cents, or 4.2%, to $7.95, while Tourmaline Oil moved upward $1.68, or 2.9%, to $59.27.

Industrials were also strong, with Ritchie Bros. Auctioneers soaring $3.51, or 5%, to $73.21, while ATS grabbed $3.21, or 5.6%, to $61.09.

On the downside, Equinox Gold led companies making the shiny yellow metal down, 28 cents, or 4.1%, to $6.56, while OceanaGold dipped 12 cents, or 4%, to $2.85.

In materials, … Read more

Elon Musk has expressed his disapproval of remote work, stating that it is “morally wrong” and a luxury for the “laptop class.” While his bravado might be admired by some, it’s not a practical or sustainable model for the future of work.

Source link … Read more