100.1 GO FM - We're Your Feel Good Pop Station

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 seeking input on Fort Smith Airport development plan

The GNWT are working on a new development plan for the Fort Smith Airport and want to hear from the public. They said the plan is aimed at increasing economic growth, “guiding the present” and boosting future airport development. The previous plan was released back in 2005. Officials are working on a new one which they say will include a series of recommendations, analyses and policies for future long term airport development, “typically for a 20-year period.”.

Mineral exploration agreement update coming next week says GNWT

"Canada and the world are engaging with the North amid a rapidly shifting global landscape. This is not a passing moment or trend. It is an inflection point in a long-term shift that represents growing opportunity for the North,” read the announcement issued this after by the GNWT.

The Still Dark Festival comes to Yellowknife for its second year

The Still Dark Festival is being held for the second time in downtown Yellowknife from Feb. 5 to 8. 

Canadian department store Zellers looks to make a resurgence

Canadian department store Zellers is looking to make a comeback. Following the launch of their first standalone location in Edmonton last October, the retailer says they’re actively pursuing new leasing opportunities across Canada -- with a focus on every major Canadian market.

Security guards facing charges after older adult injured in YK

Yellowknife police report that two security guards are facing charges following an alleged assault of an older adult. Officers say the man sustained injuries and was treated in hospital. The names of the suspects have not been made public as the changes have yet to be sworn in court, said RCMP.