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

GNWT announces investment of $30 million into inclusive schooling

The Government of the Northwest Territories is investing over $30 million towards stabilizing inclusive schooling in the territory following a 2024-2026 review.

32nd N.W.T. school sees enhanced lead levels in water

With another school showing high levels of lead in drinking water, testing so far confirms that 32 of 40 schools in N.W.T. have elevated levels of lead, that's 80 per cent. School water testing results were announced for two more schools in the territory with one school in Délı̨nę showing elevated levels of lead.

Flood and wildfire preparedness activities begin across N.W.T.

Flood and wildfire preparedness planning activities are beginning across the territory. Hay River’s Local Emergency Management Organization is bringing emergency preparedness information resources, including a preparedness brochure mailed out this week to households. Jason Currie, NWT’s manager of fire operations says with snow pack water equivalencies being “well above average” this season is helping delay wildfire season.

Going for a trail walk? Some basic steps can save your life says Yellowknife Search and Rescue

“The North is a rough country to be in. If you're not prepared to go out in the bush, my advice would be stay home because if things go sideways, one bad thing multiplies and multiplies until you're in serious, serious trouble. And this is just somebody out for a dog walk,” says Tom Girrior, an instructor and volunteer search co-ordinator with Yellowknife Search and Rescue.

GNWT and City of Yellowknife advance feasibility study on hosting 2035 Canada Winter Games

The Government of the Northwest Territories and the City of Yellowknife are working to advance a feasibility study to determine if the territory should pursue a bid to host the 2035 Canada Winter Games.