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

Ptarmigan and Robin again? site of “critical maintenance work” in Hay River says NTPC

The N.W.T.’s Power Corporation plans to replace 74 hydro poles this year, all of which are located in the town of Hay River. Poles due for replacement include those in the area of Ptarmigan and Robin where a set of extended unplanned outages happened last month. To begin what the company reported is “critical maintenance work,” they are planning a power outage for this weekend.

GNWT introduces new Encampment Response Framework

The Government of the Northwest Territories has introduced a new Encampment Response Framework to help guide the response to encampments in Yellowknife.  

NTPC announces planned outages over the next week

The Northwest Territories Power Corporation has announced a number of planned outages that will occur in several communities around the territory over the next week.

Nahɂą Dehé Dene, Dehcho Education, GNWT to restore Charles Yohin School

The Nahɂą Dehé Dene Band, Dehcho Divisional Education Council, Nahanni Butte District Education Authority and the territorial government just announced that a new Charles Yohin School is in the works. A plan is in place to look at cost comparisons for either renovating the existing school or building a new one.

GNWT invests $400,000 in youth sports

The Government of the Northwest Territories has announced that they will be investing over $400,000 in youth sport and recreation through the Regional Youth Sporting Events Program.