Apr 04, 2019 (Baystreet.ca via COMTEX) —
Canada’s main stock index recovered from a day of negative readings and forged into the green by the end of the session on Thursday, as mining shares regained strength and investors waited for further progress in U.S.-China trade talks.
The S&P/TSX Composite Index gained 31.75 points to close Thursday at 16,311.61
The Canadian dollar lost 0.07 cents at 74.89 cents U.S.
Outcrop Gold leaped six cents, or 16.7%, to 42 cents, while Kinross Gold, picked up 11 cents, or 2.4%, to $4.65
Among materials, Agnico Eagle Mines climbed $1.22, or 2.1%, to $58.29, while First Quantum Minerals got hold of eight cents to $15.71.
In the consumer discretionary sector, Magna International obtained a dollar, or 1.5%, to $69.65, while Gildan Activewear jumped 25 cents to $49.09.
Among tech stocks, which took a beating, BlackBerry was left bruised 30 cents, or 2.3%, to $12.46, while Shopify tumbled $14.10, or 5.2%, to $259.60.
Among real-estate entries, Colliers International Group slouched $1.12, or 1.2%, to $90.46, while units of H&R REIT fell 11 cents to $23.40.
Industrials, such as Bombardier, dropped five cents, or 1.8%, to $2.72.
On the economic beat, Western University’s IVEY School of Business reported its Purchasing Managers Index for March, The PMI measured 54.3 in March, up substantially from the 50.6 registered in February, but significantly lower than the 59.8 issued in March 2018.
The TSX Venture Exchange skidded 1.19 points to 626.19
Seven of the 12 Toronto subgroups moved up by the closing bell, with gold shinier 2.3%, materials up 1.7%, and consumer discretionary stocks up 0.5%
The five laggards were weighed most by information technology stocks, down 2.2%, real-estate, fading 0.5%, and industrials, weaker by 0.2%.
The Dow Jones Industrial Average and S&P 500 rose on