Category: Strategy Management

Stocks in Toronto knew the highest heights Thursday morning before a rash of selling brought the index into minus country by the closing bell.

The S&P/TSX Composite lost 146.98 points to 21,058.18.

The Canadian dollar was unchanged at 79.93 cents U.S.

Consumer stocks proved the biggest anchor on the index Thursday, with Magna International swooning $4.65, or 4.4%, to $101.34, while Martinrea International lost 45 cents, or 4.1%, to $10.55.

Gold stocks lost their lustre, with Eldorado Gold stumbling 47 cents, or 3.8%, to $11.94, while New Gold faltered nine cents, or 4%, to $2.16.

In other resource stock, Endeavour Silver shed 18 cents, or 3.1%, to $5.65, while Agnico Eagle Mines dipped $2.24, or 3.3%, to $65.66.

Industrials tried to steer the ship upward, with Richelieu Hardware hiking $3.65, or 8.2%, to $48.31, while Lifeworks picked up 41 cents, or 1.5%, to $27.28.

Utilities also gained, with Boralex ahead … Read more

A stock is considered to enter bear market territory when it falls 20% or more from recent highs. There are plenty of stocks that fit this description in 2022, as…

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Equities in Toronto struggled to overcome a downswing in the markets Wednesday, but fell just short by the close.

The S&P/TSX Composite faltered 69.41 points to end Wednesday at 21,205.16.

The Canadian dollar was down 0.03 cents to 79.97 cents U.S.

Health-care shares withered with Tilray down 39 cents, or 4.9%, to $7.52, while Well Health Technologies leaned lower 21 cents, or 5.2%, to $3.84.

Among consumer discretionary issues, Linamar fell $6.40, or 8%, to $73.94, while Martinrea International gave back 52 cents, or 4.5%, to $11.04.

In tech stocks, Converge Tech Solutions dipped 40 cents, or 4.4%, to $8.65, while Tecsys shed $1.65. or 3.9%, to $40.32.

Gold and other resources gained, however, as Alamos Gold picked up 83 cents, or 10%, to $9.14. Wesdome Gold advanced $1.15, or 10.5%, to $12.06.

First Majestic Silver jumped $1.61, or 12.2%, to $14.82, while Endeavour Silver leaped 57 cents, or 10.9%, … Read more

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Stocks the world over felt the downward push Tuesday, and investments in Canada proved no exceptions, particularly in health-care and technology.

The S&P/TSX Composite tumbled 262.88 points, or 1.2%, by Tuesday’s close to 21,274.57.

The Canadian dollar was unchanged at 79.9 cents U.S.

Among tech stocks, which took the biggest pounding, Lightspeed POS dropped $3.43, or 7.5%, to $42.36. Viq Solutions faded 19 cents, or 7.2%, to $2.45.

In health-care, Aurora Cannabis docked 45 cents, or 6.5%, to $6.45, while Canopy Growth shed 72 cents, or 6.9%, to $9.79

Industrials also took on water, with Lion Electric going south 73 cents, or 5.8%, to $11.76, and Ballard Power Systems shedding 78 cents, or 5.5%, to $13.36.

Communications tried to pick up the slack, as Rogers gained 91 cents, or 1.5%, to $62.80, while Telus took on 11 cents to $29.96.

On the macroeconomic front, Canada Mortgage and Housing Corporation declared … Read more