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ON TSX: The broader index of the Toronto Stock Exchange – S&P/TSX Composite Index extended gains of the previous trading session and enhanced by 77.49 points or 0.47% higher to 16,579.10 and settled in green for the third day in a row. The gain was mainly driven because of strength in the industrial sector stocks, which overrode lukewarm readings in the health area. Industrials stocks such as Cargojet leaping CAD 26.11, or 15.7%, to CAD 192.49, while Badger Daylighting popped CAD 4.12, or 12.8%, to CAD 36.37. Energy stocks also moved higher, with Tourmaline Oil climbed 88 cents, or 5.9%, to CAD 15.71, while Seven Generations bagged 18 cents, or 4.4%, to CAD 4.24. In the technology arena, Kinaxis added $6.91, or 3%, to CAD 222.93, while BlackBerry picked up 19 cents, or 3%, to CAD 6.63. However, in the healthcare space, Cronos Group tumbled $1.45, or 15.7%, to $7.79, while Canopy Growth sank $2.19, or 8.6%, to $23.30.
TSX 300 Composite Index 5-day Price Chart (as on August 06th, 2020, after the market close). Source: Refinitiv (Thomson Reuters).
ON WALLSTREET: Broader equity gauges of the United States traded in the green on Thursday, led by tech shares. The Dow Jones Industrials surged 185.46 points to 27,386.98. The S&P 500 edged higher by 21.39 points to 3,349.16. Both the Dow and S&P 500 recorded five straight days of winning streaks. The technology stocks weighted NASDAQ surged 109.67 points, or 1%, to add to Wednesday's record high at 11,108.07, the first time the tech-heavy index closed above the 11,000 marks and marked seven consecutive days of positive close.
Market Cues: TSX
TOP PERFORMERS: Pretium Resources Inc (up CAD 3.40 or 25.66% to CAD 16.65), Spin Master Corp (up CAD 3.95 or 17.16% to CAD 26.96) and Cargojet Inc (up CAD 26 or 15.62% to CAD 192.38).
TOP LOSERS: Cronos Group Inc (down CAD 1.46 or 15.8% to CAD 7.78), Canopy Growth Corp (down CAD 2.18 or 8.55% to CAD 23.31 and NFI Group Inc (down CAD 1.07 or 6.7% to CAD 14.83).
VOLUME LEADER: Osisko Mining Inc., Enbridge Inc. and Manulife Financial Corporation.
Commodity Cues
Crude Oil Future Prices*: International crude oil benchmark Brent Oil and WTI Crude traded at US$ 45.09/bbl and US$ 41.95/bbl, respectively.
Gold Price*: Gold price was traded at USD 2,058.30 per ounce, up by 1.05% from previous day closing.
Currency Rates*: The Canadian dollar eased 0.19 cents to 75.20 cents U.S.
Bond Yields*: U.S 10-Year Treasury yield and Canada 10-Year Government Bond yield were traded at 0.538 per cent and 0.501 per cent, respectively.
*At the time of writing (as on August 06th, 2020, after the market close).
