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 to prioritize transfer of Frame Lake parcel to City

The Government of the Northwest Territories and The City of Yellowknife have announced that they will be prioritizing work to transfer the Frame Lake land parcel to the city.

AVENS Up Here Pub grand opening and general meeting this September

AVENS – A Community for Seniors has announced the grand opening of their Up Here Pub, located at the Aven Pavilion on September 1, 2026.

Planned power outages in Fort Smith for upgrade project

The Northwest Territories Power Corporation is alerting residents of Fort Smith of a series of planned power outages in the community, beginning on September 1, 2026.

Two new fires spotted in South Slave

Two new fires have been located in the territory as of the latest report by NWT Fire. Dry conditions in the Dehcho and Hay River areas are making wildfires more likely in those regions.

Canada Council for the Arts renews partnership agreement with GNWT

The Canada Council for the Arts has announced that they will be renewing three co-delivery partnership agreements with the Government of Yukon, the Government of the Northwest Territories and the Inuit Art Foundation.