Stocks Move into Easter Weekend on Positive Note

Equity markets in Toronto finished off a short, pre-Easter week in the green, with energy and communications issues leading the way higher.

The TSX Composite Index managed to hang onto 17.68 points worth of gains to conclude the week’s last session at 21,855.70, though there was a loss on the week of more than 18 points, or 0.09%.

Markets throughout North America are shuttered Friday for Good Friday.

The Canadian dollar lost 0.31 cents to 79.246 cents U.S.

Baytex Energy led that sector, pumping 52 cents, or 8.9%, to $6.35, while Advantage Oil & Gas gained 22 cents, or 2%, to end the week at $10.26.

Communications made a go of it Thursday, too, with Cogeco Communications triumphing $3.53, or 3%, to $110.91, while Rogers hoisted $!.02, or 1.4%, to $74.91.

In industrial stocks, Boyd Group Services shot up $4.09, or 2.4%, to $174.44, while Canadian Pacific took on $1.77, … Read more

Losing Week for Broad Market on Earnings Statements

The S&P 500 fell Thursday, capping a losing week as investors digested mixed earnings results from major banks and rising inflation.

The Dow Jones Industrials tumbled 113.36 points to 34,451.23.

The S&P 500 slouched 54 points, or 1.2%, to 4,392.59

The NASDAQ Composite withered 292.51 points, or 2.1%, to 13,351.08.

The S&P 500 was down 2.1% for the four-day holiday week. The NASDAQ Composite was off 2.6% and the Dow was down 0.78% for the week. Trading is closed at the NYSE on Friday.

Inflation fears drove tech shares lower on Thursday, as investors dropped growth stocks in favor of more stable assets. Microsoft dropped 2.7%, Apple tumbled 3%, and Google slipped 2.4%. Chip stocks also slumped with Nvidia dropping 4.3% and Advanced Micro Devices falling 4.8%.

Elsewhere in the market, Elon Musk offered to buy the social media company for $54.20 a share. Musk said this was his best … Read more