AFTER THE BELL: Rising pot stocks give TSX lift, Dow led higher by tech sector, bank stocks

The TSX was unable to find lift-off today, despite jumps in pot stocks and a rise in the materials sector.

The exchange was flat, inching up 11 points.

A five percent drop in industrial giant Bombardier and losses in the real estate sector was offset by a rise to the green by heavily traded marijuana producers Aurora Cannabis, Green Organic Dutchman, Aphria and Canopy Growth.

Materials climbed 0.9 percent as gold remains a safe haven for investors in times of market volatility.

The energy sector edged 0.3 percent lower despite oil stabilizing, after tumbling 25 percent over the last month-and-a-half.

Oil climbed for a second straight day, up 28 cents to $56.53 US a barrel.

In New York, the Dow opened more than 100 points lower before dramatically reversing course and ending the day 208 points in the green.

Cisco Systems led the upward charge as the networking giant reported first quarter revenue of $13.1 billion, an increase of eight percent year over year.

Cisco’s stock rose 5.5 percent.

Also helping the Dow move higher was jumps in U.S. bank stocks along with market bellwethers Caterpillar, Intel and Apple.

An overall rally among tech stocks helped the Nasdaq gain 1.8 percent, or 125 points.

Gold and the loonie also rose significantly today.

The Canadian dollar gained nearly half a cent, up 44/100ths of a cent to $0.7596 US while gold was up $5.40 to $1,215 an ounce.

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Hwy 1’s Redknife River Bridge 4 months construction and detour begins

The territory’s Infrastructure Department said construction of the Redknife River Bridge on Highway 1 is scheduled to begin Thursday. The construction is anticipated to continue over the next four months up to October.

Yellowknife Governance Committee discusses name change for Franklin Ave

The City of Yellowknife Governance and Priorities Committee met today to discuss several issues that will be presented at the upcoming City Council meeting on May 27, 2026.

Canada Road Safety Week underway

Canada Road Safety Week will bring increased police presence on roads over the long weekend. The campaign kicked off May 12 and will run up to May 18 as part of a nationwide initiative aimed at making roads across the country safer. This annual campaign is about increasing awareness of safe driving measures to help save lives and reduce injuries on roads.

GNWT introduces new process for Supported Living admissions

The Government of the Northwest Territories has announced a new admission process for adults with disabilities to get access to GNWT-funded Supported Living services

Contaminated soil detected at a Yellowknife school

Yellowknife Education District No. 1 is performing further tests on soil at Mildred Hall School and working on a clean up and remediation plan. A set of testing earlier this month confirmed coliform and e-coli soil contamination on the school grounds, following stagnant water buildup in the basement. In the meantime the public is being advised to keep away and keep their pets away from the fenced off area on Mildred Hall grounds.