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Canada’s benchmark TSX Composite Index charged up by over 60 points on Monday, January 25, after strong stock performance by tech, industrial, academic, and consumer non-cyclical segments.
The index was up by 60.11 points, or 0.16 percent, to close at 17,906.02. Over 246 million stocks were traded during the session.
Biggest losers, sector-wise, were healthcare (0.79%), basic materials (0.66%), energy (0.42%), financials (0.11%), real estate (0.11%), and utilities (0.08%).
The TSX Venture Composite, Canada’s junior index, added 7.07 points or 0.74% to settle at 954.50.\
One-month price chart of TSX Composite Index as on January 25, 2021 (Source: EODHD/Others, Thomson Reuters)
Top Movers*
- TFI International Inc. (32.25%)
- BlackBerry Ltd. (28.33%)
- Aurinia Pharmaceuticals Inc (26.71%)
- NFI Group Inc (4.92%)
- Fairfax Financial Holdings Ltd. (4.76%)
Laggards*
- Hudbay Minerals Inc (-7.57%)
- Aphria Inc (-7.04%)
- Cronos Group Inc (-6.42%)
- Air Canada (-5.57%)
- Ero Copper Corp (-4.90%)
Volume Leaders*
- BlackBerry Ltd. (26.30 million)
- Zenabis Global (14.01 million)
- Bombardier Inc. (12.91 million)
- Avalon Advanced Materials Inc (9.88 million)
- Suncor Energy Inc (7.68 million)
- Manulife Financial Corp (7.12 million)
- Enbridge Inc. (6.89 million)
- Air Canada (6.52 million)
Canadian Futures*
The three-month Canadian Bankers’ Acceptance Futures were down 0.01% to settle at C$99.545, while 10-year Government of Canada Bond Futures were up 0.06% to settle at C$147.97.
Commodities*
The price of WTI crude oil was up 0.9% to close at US$52.76 per barrel. Brent oil was also up 1.18% to US$55.88.
Comex gold price was down 0.1% to settle at US$1856.80 per ounce, silver price was down 0.1% at US$25.355 per ounce, while copper price was up 0.02% to close at US$3.627.
Overview
On Monday, markets ignored concerns over new coronavirus cases in Canada, which threatened another round of government restriction, and US President Joe Biden’s move to adjust policies to promote “Made in US” goods as part of his stimulus plan, evidenced from the stellar performance.
Canada reported new COVID-19 cases in Nunavut, Ontario, and Toronto, with 43 deaths attributed to the virus over the weekend. Health Minister Christine Elliott said that Peel and the York regions also registered new cases on Sunday.
Lawmakers were to deliberate on the Covid situation in parliament later in the day, which met after a month-long break. The opposition has blamed the government for delays in vaccine rollout.
* All details after markets close on January 25, 2021
