TSX Shares in General Equity Gloom

Jitters over the world situation, particularly with respect to the COVID virus which refuses to go away, left world markets rattled, especially those in Canada.

The TSX Composite lost 163.28 points to end Monday at 20,220.49.

The Canadian dollar slid 0.46 cents to 74.11 cents U.S.

Gold and materials led the way down Monday, as Equinox Gold was pasted 35 cents, or 7.5%, to $4.35, while Seabridge slid 94 cents, or 5.6%, to $15.76.

Endeavour Silver staggered 38 cents, or 8.3%, to $4.22, while MAG Silver skidded $1.39, or 6.6%, to $19.65.

In real-estate, Tricon Capital slid 54 cents, or 4.6%, to $11.31, while InterRent REIT units lost 46 cents, or 3.6%, to $12.18.

Consumer staples tried to turn the ship around, with Loblaw surging $3.57, or 3%, to $121.32, while Empire Company gained 81 cents, or 2.3%, to $36.66.

Haivision Systems buoyed the tech sector, jumping 40 cents, or … Read more

Primark to open at least four new stores and create 850 jobs

Primark has announced a £140m investment leading to the opening of four new shops and the creation of at least 850 jobs.

The retailer said it plans to make the investment over the next two years in its UK operations.

As part of that investment, the company said “at least” four news shops will be opened.

The locations announced on Friday are:

• Bury St Edmunds in Suffolk

• Craigavon in Northern Ireland

• Salisbury in Wiltshire

• Teesside Park in Durham

The new shops will increase selling space by more than 160,000 square feet.

Investment is also being put into existing locations and a dedicated Primark Home space will open in Liverpool.

Alongside the new stores, Primark will extend and invest in existing stores and will relocate its stores in Bradford and High Wycombe to more central locations. In Bradford, Primark will move from its existing Kirkgate Shopping Centre … Read more

TSX Keeps Streak Alive

Equities in Canada’s largest centre rose for the fourth straight session on Friday and was set for its best weekly gain since early June, supported by expectations of smaller interest rate hikes from the world’s largest economy.

The TSX Composite gained 61.65 points to move into Friday afternoon at 20,405.72. The index was set to gain 2% for the week and was trading above the 200-day moving average.

However, on a year-to-date basis, the index is still down more than 3.7% as investors fear aggressive policy tightening by central banks could trigger a global economic downturn.

The Canadian dollar slid 0.24 cents to 74.75 cents U.S.

ON BAYSTREET

The TSX Venture Exchange stumbled 4.79 points to register at 576.53.

All but three of the 12 subgroups were positive early afternoon, headed by health-care, up 0.8%, utilities, ahead 0.7%, and industrials, up 0.6%.

The three laggards were gold, sinking 1%, materials, … Read more