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Canada’s inflation rate for June spiked by 8.1 per cent. While this was the biggest jump since January 1983, it was still lower than expected.
The TSX Composite Index on Wednesday, July 20, posted a gain for the fourth straight day as it rose 0.44 per cent, 82.96 points, to 19,020.67.
Healthcare was up 5.8 per cent and technology 2.9 per cent. Financials gained 0.5 per cent and energy 1.4 per cent.
However, industrials saw a loss of 0.3 per cent and base metals was down 0.9 per cent. Cannabis and tech stocks were the day’s biggest gainers.
Suncor Energy Inc saw 6.44 million shares traded, making it the most active stock. It was followed by Canopy Growth Corporation that saw 6.4 million shares switch hands, and Baytex Energy Corp saw 6.1 million shares traded.
|
Ticker |
Company Name |
1-day Price % Change |
|
Top-5 Gainers |
||
|
WEED |
Canopy Growth Corp |
17.3% |
|
SHOP |
Shopify Inc |
12.3% |
|
TLRY |
Tilray Brands Inc |
11.4% |
|
CRON |
Cronos Group Inc |
10.9% |
|
ACB |
Aurora Cannabis Inc |
8.2% |
|
Top-5 Laggards |
||
|
FM |
First Quantum Minerals Ltd |
-7.4% |
|
WDO |
Wesdome Gold Mines Ltd |
-6.3% |
|
WPM |
Wheaton Precious Metals Corp |
-4.9% |
|
FVI |
Fortuna Silver Mines Inc |
-4.6% |
|
OGC |
OceanaGold Corp |
-4.5% |
On Wall Street, the Dow pushed higher by 47.79 points, 0.15 per cent, to 31,874.84 points, while the S&P 500 was in the green by 23.21 points, 0.59 per cent, to 3,959.9 points. Nasdaq’s benchmark spiked 184.50 points, 1.58 per cent, to 11,897.65.
Gold was down 0.61 per cent to US$ 1,700.20. The price of Brent fell 0.54 per cent and was at US$ 106.74/bbl and that of crude oil was down 0.85 per cent to US$ 99.88/bbl.
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