Money: Toronto stock rally continues, caps off best week in more than three years - PressFrom - Canada
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MoneyToronto stock rally continues, caps off best week in more than three years

08:30  12 january  2019
08:30  12 january  2019 Source:   thestar.com

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Whether stocks can keep rallying may depend on how well Fed Chair Jerome Powell handles Congress on Tuesday. What Powell says during the Fed chair's semi-annual economic testimony could help decide whether stocks continue to rally , break out of a band of resistance and head

Bad employment numbers cap off a brutal week on global stock markets. A tumultuous week of trading continued Friday, with Toronto ’s TSX off more than five per cent since last week On Wall Street, the Dow Jones industrial average rallied in late trading after sinking 500 points midday and

Toronto stock rally continues, caps off best week in more than three years© Frank Gunn The S&P/TSX composite index closed up 35.69 points to 14,939.18 Friday, its sixth straight winning session and its best weekly performance in more than three years.

TORONTO - Canada’s main stock index’s rally continued for a sixth straight day Friday as it posted its best weekly performance in more than three years.

The S&P/TSX composite index closed up 35.69 points to 14,939.18. The market gained 512.56 points or 3.55 per cent for the week, its best run since October 2015.

The Toronto market enjoyed its first six-day positive streak since mid-June. U.S. markets snapped their stretch at five days, although they were up about two per cent for the week.

North American stock markets surge higher

North American stock markets surge higher North American stock markets surge higher

Oil prices rose to their highest level since late 2014 after government data showed U.S. crude stockpiles fell last week and as the market continued to worry about supply disruptions in key fossil fuel-producing nations.

The best time of the year to visit Toronto is from late April through May, and from mid-September through The best time to go is in the morning during the week , especially before or after summer vacation. The 90-minute procession attracts more than a half-million spectators, and afterward, the

“It’s definitely been a week of relief trading,” said Ian Scott, an equity analyst at Manulife Asset Management.

In New York, the Dow Jones industrial average lost 5.97 points at 23,995.95. The S&P 500 index was down 0.38 of a point at 2,596.26, while the Nasdaq composite was down 14.59 points at 6,971.48.

“It’s been kind of an absence of negative news we’ve been having over the past few weeks that has allowed us to kind of snap back,” he said in an interview.

After rising for several days, the S&P 500 has hit a level of technical resistance in not surpassing 2,600, said Scott.

He said U.S. markets are waiting for the earnings season to kick into gear next week with the reporting of several large banks, along with any news of trade negotiations between the U.S. and China to determine if they will resume their rallies or head lower.

Canadian stock exchanges to conduct lottery for 'POT' ticker amid high demand

Canadian stock exchanges to conduct lottery for 'POT' ticker amid high demand High demand for the “POT” stock symbol has prompted several Canadian stock exchanges to conduct a collective lottery to select which company will be able to use the eye-catching ticker. 

The stock market is having its best start to year in more than three decades, spelling even more gains for the rest of 2018. When the S&P 500 returns at least 5 percent by Jan. 23, the index’s median gain for the rest of the year has been 11.6 percent, Bespoke Investment Group says.

The fire caused more than million in damage, and resulted in more stringent fire safety laws and expansion of the city's fire department. Toronto 's population grew to more than one million in 1951 when large-scale suburbanization began, and doubled to two million by 1971.

All sectors on the TSX gained Friday except industrials and utilities, which dipped slightly.

Canadian Natural Resources Inc., Barrick Gold Corp. and CIBC were the top performers on the composite index, while Suncor Energy Inc., Canadian National Railway Co. and CGI Group Inc. were at the bottom.

Health care led by gaining about three per cent on appreciation by several cannabis producers.

The tone was set with Tilray’s stock soaring more than 19 per cent on Nasdaq after top shareholder Privateer Holdings Inc. said it did not plan to sell its stock when the lock-up expires next week.

“I think that’s driving strength across the entire Canadian cannabis space,” Scott added.

Aurora Cannabis Inc. gained 7.5 per cent in heavy trading to end the week up more than 20 per cent. Aphria Inc. gained 5.4 per cent Friday after CEO Vic Neufeld and co-founder Cole Cacciavillani said they will be leaving their executive roles at the company, but will remain on the board. The Green Organic Dutchman Holdings increased 9.7 per cent, while Canopy Growth Corp. rose 1.93 per cent on the day and 33.8 per cent for the week.

Lottery for "POT" ticker amid high demand

Lottery for Lottery for "POT" ticker amid high demand

Toronto bills itself as ‘North Broadway’, and with many touring companies coming through town, the The park is only open during the warmer months—try going mid- week to beat the crowds. Where are some of the best pubs in Toronto hiding? The Distillery District. There's more than just local watering

German stocks are down 6% in dollar terms this year . Koesterich likes the iShares Currency Hedged MSCI China’s economic growth might continue to slow, “but it will be good enough not to blow the rest In bull years , the rally that began in March 2009 is getting old. But no matter the tremors in the

The energy sector was one of the weaker performers Friday, gaining slightly as the streak of higher crude oil prices ended at 10 days as prices rose by 7.6 per cent for the week.

The February crude contract was down $1 at US$51.59 per barrel Friday and the February natural gas contract was up 13 cents at US$3.10 per mmBTU.

The February gold contract was up US$2.10 at US$1,289.50 an ounce and the March copper contract was up 2.45 cents at US$2.66 a pound.

The Canadian dollar traded at an average of 75.42 cents US compared with an average of 75.56 cents US on Thursday.

Companies, index and currency in this story: (TSX:CNQ, TSX:ABX, TSX:CM, TSX:SU, TSX:CNR, TSX:GIB.A, TSX:ACB, TSX:APHA, TSX:TGOD, TSX:WEED, TSX:GSPTSE, TSX:CADUSD=X)

Trudeau continues pre-election Maritimes trip.
QUISPAMSIS, N.B. - Prime Minister Justin Trudeau is spending a second day in New Brunswick today as he continues a cross-Canada swing aimed at boosting party candidates in an election year. The prime minister will begin the day with a visit with families at the Origins Natural Learning Childcare Centre in Quispamsis to highlight the Canada Child Benefit payments. Then, this evening, Trudeau heads to northern New Brunswick for another of his townhall-style meetings to take questions from the public. That meeting is set for James M. Hill High School in Miramichi at 7 p.m.

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