TSX Pulls out of Slump

Equities in Toronto worked their way into the green for the first time in several days, as gold and other miners finished the day positively.

The TSX Composite jumped 106.13 points to end Tuesday at 19,306.89.

The Canadian dollar gained 0.21 cents at 73.50 cents U.S.

IAMGOLD popped 60 cents, or 24%, to $3.10 after the miner sold its assets in Senegal, Mali and Guinea for $282 million to Moroccan mining company Managem.

Elsewhere in the sector, OceanaGold added 32 cents, or 13.5%, to $2.69.

Among materials. Endeavour Silver raced 46 cents, or 11.1%, to $4.62, while Capstone Mining captured 32 cents, or 7.1%, to $4.84.

Energy surged, most notably Cenovus Energy, up 67 cents, or 2.8%, to $25.03, while Parex Resources tacked on 48 cents, or 2.7%, to $18.48.

Health-care concerns withered Tuesday, however, as Bausch Health Companies dropped 28 cents, or 2.9%, to $9.24, while Tilray fell 17 … Read more

Losing Streak Rolls on for TSX

Equities in Canada’s largest market continued their downward trend, with health-care the main negative culprit.

The TSX Composite cratered 242.52 points, or 1.3%, to conclude Monday at 19,200.76.

The Canadian dollar gained 0.2 cents at 73.25 cents U.S.

The benchmark Canadian index has outperformed the U.S. S&P 500 index so far this year, losing 8.6% versus a 19.5% drop in the U.S. benchmark.

Cannabis took the biggest hits on the day, with Tilray losing 37 cents, of 8.3%, to $4.09, while Canopy Growth lost 28 cents, or 7.9%, to $3.27.

Utilities were also downward, with Transalta shedding 76 cents, or 6%, to $11.96, while Transalta Renewables ditched 52 cents, or 4.6%, to $10.75.

Among materials, MAG Silver dumped $2.62, or 11.5%, to $20.08, while Silvercrest Metals handed back 61 cents, or 7.1%, to $7.95.

On the economic calendar, Statistics Canada said its raw materials price index for November fell 0.8% … Read more

Indexes Continue to Fight Way Upward

Stocks in Toronto remained in the red by noon ET Friday, dragged down by commodity-linked shares, as hawkish commentary from major central banks this week heightened fears of a global recession.

The TSX Composite jettisoned 209.75 points, or 1.1%, to pause for lunch Friday at 19,390.88.

The Canadian dollar removed 0.18 cents at 73.04 cents U.S.

Health-care sustained the worst blows, with Bausch falling 79 cents, or 7.5%, to $9.75, while Chartwell Retirement Residences off 23 cents, or 2.8%, to $8.00.

Energy also had a rough morning of it, with Spartan Delta sliding 92 cents, or 6%, to $14.41, while Paramount Resources backslid $1.52, or 5.4%, to $26.69.

In matters macroeconomic, Statistics Canada reported that October wholesale trade rose 2.1% to $83.4 billion in October. The agency went on to say the largest increases were in the miscellaneous goods, the building material and supplies, and the personal and household goods … Read more