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

Federal investment into airport safety at Yellowknife Airport announced

The Government of Canada has announced that they will be investing $1.2 million into strengthening air safety at the Yellowknife Airport.

Orange warning in effect for Norman Wells and Tulita, smoke and heat alerts issued for N.W.T.

Environment Canada has issued an orange warning for air quality for Norman Wells and the Tulita Region, due to wildfire smoke. “Wildfire smoke is causing very poor air quality and reduced visibility,” warned the federal agency in an advisory issued Tuesday evening. Environment Canada has issued an orange warning for air quality for Norman Wells and the Tulita Region, due to wildfire smoke. On June 23, the federal agency also issued a heat alert for a number of areas in the N.W.T. 

2222 Hi-Rez NDN: The Cyberpunk Smoke Signals of Morgan Zoe renders future vision of N.W.T.

Being able to share a futuristic vision with people in the N.W.T. and beyond continues to be an important segway in his journey says artist Morgan Zoe.“No one was doing this back then, because there was no AI back then in 2019. No one was combining sci-fi tropes with Indigenous aesthetics and themes, specifically, Northern Dene culture futurism and cyberpunk,” said Zoe. After December 2020, the artist began “putting pen to paper” creating the series.

Major milestone celebrated for downtown multi-plex

Housing NWT celebrated a major milestone in the construction of the new 50‑unit social housing multi-plex in downtown Yellowknife, holding a “topping out ceremony” to commemorate the placing of the final beam on the building’s roof structure.

Yellowknife main street officially renamed Wıìlıìdeh Avenue

A ceremony was held this past Saturday to celebrate the renaming of Yellowknife’s main street to Wıìlıìdeh Avenue.