More Positive for TSX on Day, Week

Stocks in Canada’s largest centre leaped to a new record high Friday, aided by gains in health-care and technology stocks, en route to their second straight weekly rise.

The S&P/TSX Composite advanced 186.55 points to close Friday at 21,768.53, for a rise on the week of 312 points, or 1.46%.

The Canadian dollar regained 0.28 cents at 79.72 cents U.S.

SNC-Lavalin Group’s chief executive officer has postponed an almost entirely English-language speech scheduled for next week in Montreal as French-language skills of Quebec’s non-francophone business executives come under scrutiny.

SNC shares bounced 89 cents, or 2.6%, to $35.41.

Cannabis stocks mostly drove the market’s upward progress, with Aurora Cannabis shooting $1.18, or 12.4%, to $10.71, while Canopy Growth hiked $1.85, or 10.9%, to $18.84.

In information technology, Shopify galloped $2.03.45, or 10.8%, to $2,081.10, while Dye & Durham jumped $2.75, or 6/9%, to $42.74.

Consumer discretionary stocks fared well, too, … Read more

Housing Figures Dominate Next Week's News

Monday

U.S.

Featured Earnings

Tyson Foods Inc. (NYSE:TSN) (Q4) EPS projected for $2.19, compared to $1.81 in the prior-year quarter.

Warner Music Group Corp.(NASDAQ:WMG) (Q4) EPS projected for 17 cents compared to two cents in the prior-year quarter.

Advance Auto Parts Inc. (NYSE:AAP) (Q3) EPS projected for $2.73 , compared to $2.81 the prior-year quarter.

Canada

Economic Lookahead

Wholesale Trade (Sept.) Wholesale sales increased 0.3% in August, reflecting mixed results among wholesale sub-sectors.

CREA Stats – MLS Sales (Oct.) National home sales rose 0.9% on a month-over-month basis in September.

Monthly Survey of Manufacturing (Sept.) Manufacturing sales rose 0.5% to $60.3 billion in August on higher sales of petroleum and coal, chemicals and primary metals.

Featured Earnings

Galaxy Digital Holdings Ltd. (T.GLXY) (Q3) EPS projected for a gain of 52 cents, compared to a loss of 69 cents in the prior-year quarter.

Ivanhoe Mines Ltd.(T.IVN) (Q3) EPS projected for a … Read more

TSX Hits Yet another New Record

Investors found Thursday stock markets have room still to climb, in exploring all-time highs, powered mostly by health-care and resource issues.

The S&P/TSX Composite jumped 120.05 points to greet Thursday’s closing bell at 21,581.98

The Canadian dollar plummeted 0.64 cents at 79.44 cents U.S.

Health stocks led the festivities, with Aurora Cannabis surging 64 cents, or 7.2%, to $9.51, while Cronos Group took on 37 cents, or 5.4%, to $7.18.

In gold stocks, Equinox Gold grabbed 59 cents, or 5.9%, to $10.62, while Kinross Gold moved ahead 49 cents, or 6.1%, to $8.55.

In materials, Capstone Mining gained 32 cents, or 6.4%, to $5.31, while Ivanhoe Mines advanced 59 cents, or 6.1%, to $10.21.

Utilities stubbed their toes, as Brookfield Infrastructure Partners handed back $1.79, or 2.4%, to $74.14, while Algonquin Power & Utilities sank 21 cents, or 1.2%, to $17.71.

In communications, Telus lost 32 cents, or 1.1%, to … Read more