Big Gains on Day, Week for Markets

Equities in Canada’s largest market perked Friday, as health-care and energy issues provided the impetus.

The TSX rocketed 181.76 points to close Friday at 19,472.74. On the week, the index leaped 364 points, or 1.9%.

The Canadian dollar surged 0.12 cents to 82.39 cents U.S.

Health-care enjoyed the most accolades, with Organigram Holdings up 35 cents, or 11.7%, to $3.33, while Aurora Cannabis stocked 54 cents, or 5.3%, to $10.82.

Among energy issues, Enerplus leaped 41 cents, or 5.9%, to $7.42, while Canadian Natural Resources headed higher $1.32, or 3.3%, to $41.70.

In materials, First Quantum Minerals jumped $2.13, or 6.8%, to $33.70, while HudBay Minerals added 70 cents, or 6.7%, to $11.20.

On the economic front, Statistics Canada reported that the economy lost 207,000 jobs in April and the unemployment rate rose 0.6 percentage points to 8.1%.

This followed cumulative employment gains of 562,000 over the previous two months. … Read more

Plastic bag charge to double to 10p in all shops in England

The single-use carrier bag charge will rise from 5p to 10p and be extended to all businesses in England from 21 May.

The government said all stores, including corner shops, will now have to apply the charge from that date.

The 5p levy on plastic bags was introduced in England in 2015. Since then their use has fallen by over 95%.

The average person in England now buys just four single-use carrier bags a year from the main supermarkets, compared with 140 in 2014.

“The introduction of the 5p charge has been a phenomenal success,” said Environment Minister Rebecca Pow.

By extending the charge to all retailers, the government hopes the use of single-use carrier bags will fall by 70-80% in small and medium-sized businesses.

“We know we must go further to protect our natural environment and oceans, which is why we are now extending this charge to all businesses,” … Read more

Business Workforce Working In The Workplace. Stock Picture

Although the division’s administration team was expert in various functional areas including gross sales, operations, and cash management, that they had no experience handling complex financial transactions.

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U.S. CPI in Focus Next Week

Monday

U.S.

Featured Earnings

Duke Energy (NYSE: DUK) (Q4) EPS projected for $1.24, compared to $1.14 the prior-year quarter.

Marriott International, Inc. (NASDAQ: MAR) (Q1) EPS projected for three cents, compared to 26 cents the prior-year quarter.

BioNTech SE (NASDAQ: BNTX) (Q1) EPS projected for $3.44, compared to a loss of 26 cents inthe prior-year quarter.

Featured Earnings

Canada

Featured Earnings

5N Plus Inc. (T.VNP) (Q1) EPS projected of four cents, identical to the prior-year quarter.

Finning International Inc. (T.FTT) (Q1) EPS projected for 36 cents, compared to 38 cents in the prior-year quarter.

Sleep Country Canada Holdings Inc. (T.ZZZ) (Q1) EPS projected for 21 cents, compared to 74 cents in the prior-year quarter.

Tuesday

U.S.

Economic Lookahead

NFIB small-business index (April)

Job openings (March)

Featured Earnings

Electronic Arts Inc. (NASDAQ: EA) (Q4) EPS projected of 71 cents, compared to $1.09 in the prior-year quarter.

HanesBrands (NYSE: HBI) (Q1) EPS … Read more