Technology Broad rally helps Toronto market hit new high

03:11  13 july  2018
03:11  13 july  2018 Source:   msn.com

Toronto stock index trades at record high in late morning, loonie down

  Toronto stock index trades at record high in late morning, loonie down Toronto stock index trades at record high in late morning, loonie downThe S&P/TSX composite index was up 106.96 points at 16,423.49, topping its previous record intra-day high for the benchmark.

TORONTO -- A broad -based rally helped Canada's largest stock index to post a triple-digit gain in late-morning trading, while U.S. stock markets also pushed higher . The S&P/TSX composite index was up 119.12 points to 15,628.87, after 90 minutes of trading. In New York, the Dow Jones industrial

A broad -based rally led by mining companies helped give Canada's main stock index a boost as the loonie fell nearly half a cent.

a person holding a sign© Provided by thecanadianpress.com

A broad-based relief rally helped Canada's main stock index close at a record high Thursday after markets retreated globally a day earlier, while U.S. stock markets also pushed higher.

The Toronto Stock Exchange's S&P/TSX composite index closed up 150.10 points or 0.91 per cent at 16,567.42 to top the record high set on Tuesday.

The gains came a day after markets fell following the release by the U.S. of a list of $200 billion in Chinese goods that could be hit by tariffs, against which China promised to retaliate.

"The markets had gotten quite negative over trade tariffs and trade tensions," said Anish Chopra, managing director with Portfolio Management Corp.

Toronto market dips on broad losses

  Toronto market dips on broad losses Canada's main stock index ended down after gains in energy stocks weren't enough to counter broad losses elsewhere, while U.S. markets continued to slide amid lingering tensions with America's trading partners. The S&P/TSX composite index ended down 48.84 points at 16,231.25 as health-care, financial and other sectors fell.

Listed companies are at their most profitable after a bumper year of earnings, bolstering confidence that the recent surge in stock markets is backed by a broad global economic recovery. Earnings per share hit new high , underscoring broad economic recovery.

TORONTO — Canada’s main stock index set a new intraday high in early trading as a triple-digit increase was boosted by a broad -based rally . It had spiked as high as 16,196.37 earlier in the session. In New York, the Dow Jones industrial average was up 164.03 points to 24,815.77.

Trade uncertainty has helped keep various sectors down, but all major indexes on the TSX showed gains Thursday in something of a relief rally, said Chopra.

"We haven't had the TSX up across all sectors in quite a while simply because of the news flow that we've had related to trade and economic growth in countries including Canada."

The S&P/TSX information technology index had the highest gains with a 2.96 per cent climb, while energy, base metals and financials showed gains of under one per cent.

He said the possibility of talks between China and the U.S. at an upcoming G20 meeting could have helped ease tension on the market.

In New York, the Nasdaq composite index closed up 107.30 points or 1.39 per cent at 7,823.92 to also set a record high. The Dow Jones industrial average closed up 224.44 points at 24,924.89 and the S&P 500 index closed up 24.27 points at 2,798.29.

Rallies against family separation across Canada

  Rallies against family separation across Canada Rallies against family separation across CanadaAlexandra Vaz, who organized a rally outside the American Consulate in Toronto, says she decided to act because as a mother of a young girl, the situation frustrated her.

Supermarket Restaurant and Bar has continued to be a great place for friends to meet and get together for dining, drinks and great entertainment! For a decade now, Supermarket has continued to produce excellent and fresh food dishes that are easy on the budget!

The broad -based rally added billion to value of all cryptocurrencies Friday, which now stands at 7 In futures trading, the Cboe Global Markets Group Inc.’s October contract XBTV8, +4.61 Aaron Hankin is a MarketWatch reporter in New York who covers cryptocurrency and financial markets .

The Canadian dollar averaged 75.95 cents US, down 0.09 of a US cent. The loonie had an early boost Wednesday from the widely-expected rate hike from the Bank of Canada but has slipped on stronger U.S. economic data.

The August crude contract closed down five cents at US$70.33 per barrel and the August natural gas contract was down three cents at US$2.80 per mmBTU.

The August gold contract ended up $2.20 at US$1,246.60 an ounce and the September copper contract was up three cents at US$2.78 a pound.

Hydro One Ltd. closed down 65 cents or 3.22 per cent at $19.52 a day after the CEO retired and the board of directors resigned en masse. Ontario Premier Doug Ford had made it a campaign promise to fire CEO Mayo Schmidt over high utility rates.

The utility, partially owned by the province, said a new board of directors will be selected by Aug. 15 and will initially consist of 10 members.

Masked, armed man robs Calgary jewelry store in broad daylight .
Masked, armed man robs Calgary jewelry store in broad daylightA jewelry store in Calgary's Sunridge Mall was robbed in broad daylight Friday and police say the lone suspect is still on the loose.

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