Mar 26, 2019 (Baystreet.ca via COMTEX) — Equities in Canada’s largest centre enjoyed a day full of gains, as oil prices led the way
The S&P/TSX Composite Index gained 89.78 points to close Tuesday at 16,155.64
The Canadian dollar added 0.03 cents at 74.69 cents U.S.
Among the biggest percentage gainers on the TSX were Baytex Energy, picking up nine cents, or 3.9%, to $2.41, while Imperial Oil tacked on 65 cents, or 1.8%, to $36.50
The industrial sector had a good time, too, as Canadian Pacific Railway was up $1.25 to $270.01, and Air Canada added 96 cents, or 3.1%, to $31.92.
Among techs, Shopify sprinted $2.69, or 1%, to $272.59, while Terago picked up eight cents to $10.66.
In the health-care field, Bausch Health Companies stayed put at $32.24, while Aurora Cannabis dodged 13 cents, or 1.1%, to $12.24.
In consumer staples, Metro dissolved 27 cents to $48.89
The TSX Venture Exchange regained 1.69 points to 634.23
All but two of the 12 Toronto subgroups were positive on the day, with energy shooting ahead 1.8%., industrials and information technology stronger by 0.8%.
The two laggards were health-care, sliding 0.4%, and consumer staples, down 0.1%
Stocks rose on Tuesday, but sentiment on Wall Street was dampened by lingering fears that the economy is slowing down.
The Dow Jones Industrials gained 140.9 points to conclude Tuesday at 25,657.73,
The S&P 500 spiked 20.1 points to 2,818.46, notching its first gain in three sessions — after trading 1.1% higher at its high of the day.
The NASDAQ Composite gained 53.98 points to 7,691.52.
Among banks, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley and J.P. Morgan Chase all rose more than 1%.
Apple rose more than 1.5%, recovering losses from the previous session as investors digested the company’s launch of a slew of different services. Shares of Facebook and Amazon also traded more than 1% higher.
Shares of Bed Bath & Beyond skyrocketed more than 21% after The Wall Street Journal reported three activist investors are trying to replace the company’s entire board of directors.
Nvidia shares rose 1.8% after Piper Jaffray initiated coverage of the chipmaker with an overweight rating, noting its attractive valuation.
Housing starts south of the border fell 8.7% in February, widely missing expectations. Building permits declined, but at a slower rate than forecast by economists.
The Conference Board said U.S. consumer confidence declined in March to 124.1 from 131.4 in February.
Prices for the benchmark 10-year U.S. Treasury dropped slightly, raising yields to 2.42% from Monday’s 2.41%. Treasury prices and yields move in opposite directions.
Oil prices were up $1.22 at $60.04 U.S. a barrel.
Gold prices slid $6.80 to $1,314.30 U.S. an ounce.