TSX Hits Another New High As Gold Prices Rally

2 min read | April 16, 2021 05:12 PM EDT | By Team Kalkine Media

Copyright © 2021 Kalkine Media Pty Ltd.

Canada’s main stock index, the S&P/TSX Composite Index, hit another high on Friday, aided by advanced gold prices. The index gained for a third straight week, up by 0.15% to 19,351.32. The TSX Venture Index was also up by 0.60%, settled at 944.46.

Five -day S&P/TSX Composite Price Chart (as on April 16, 2021). Source: EODHD/Others (Thomson Reuters)

 

Movers & Laggards on TSX Composite

Ticker

Company Name

% Change

Top-5 Movers

GSY

Goeasy Ltd

8.8%

CFP

Canfor Corp

7.1%

IFP

Interfor Corp

5.7%

CAS

Cascades Inc

5.1%

APHA

Aphria Inc

4.1%

Top-5 Laggards

HBM

Hudbay Minerals Inc

-6.3%

LSPD

Lightspeed POS Inc

-5.9%

GFL

GFL Environmental Inc

-5.2%

VET

Vermilion Energy Inc

-4.1%

TRIL

Trillium Therapeutics Inc

-3.8%

Source: EODHD/Others (Thomson Reuters)

 Active Volume Leaders

The most active shares by volume were Innergex Renewable Energy Inc. (14.83 million), Algonquin Power & Utilities Corp. (13.16 million) and Boralex Inc. (10.47 million).

 US Markets

The US markets were bullish on Friday on account of optimism over global economic recovery. The Dow Jones was up by 164.68 points or 0.48% to 34,200.67, the S&P 500 moved up by 0.36% at 4,185.47 and the Nasdaq slightly up by 0.10% at 14,052.34.

 US & Canada Bond Yields

The US 10-year bond yield closed at 1.590%, recording a surge of 1.03%. On the other hand, the Canada 10-year bond made a strong recovery of 3.77% and closed at 1.541%.

 Commodity and Currency Update

Brent Oil shed 0.25% to US$ 66.77/bbl, and WTI Crude Oil decreased by 0.52% to US$ 63.13/bbl. Gold futures traded on a positive note to US$ 1,779.00, up 0.77%.

The Canadian dollar was up against the US Dollar, and at the close, CAD/USD traded 0.30% higher at 0.79. The US dollar index down by 0.08% settled at 91.54 against the basket of major currencies.


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