Stocks Display Muscle by Closing Bell

Jan 13, 2020 (Baystreet.ca via COMTEX) —

Equities in Canada’s largest market betrayed new strength as Monday’s session came to a close, mostly due to health-care stocks being in the pink, and with the broader market focusing on the fine print of an interim U.S.-China trade deal expected later this week.

The TSX Composite Index gained 58.93 points to 17,293.42

The Canadian dollar gained 0.04 cents to 76.57 cents U.S.

HEXO was the champion of the gaining health-care issues, sprouting 25 cents, or 14.4%, to $1.99, while Canopy Growth jumped $3.15, or 11.8%, to $29.96.

Among tech issues, Sierra Wireless gained 32 cents, or 2.5%, to $12.90, while Shopify hiked $13.17, or 2.4%, to $57.40.

In the industrials sector, Ballard Power acquired 84 cents, or 7.1%, to $12.68, while Westshore Terminals spiked 81 cents, or 5%, to $17.05.

Gold did not fare so well, however, as Alacer Gold retreated 37 cents, or 5.6%, to $6.29, while Centerra Gold dropped 55 cents, or 5.4%, to $9.64

Energy’s slump was weighed in part by Husky, off 48 cents, or 4.7%, to $9.75, while Baytex Energy slimmed seven cents, or 3.7%, to $1.80.

Among materials, Pretium Resources dipped 56 cents, or 3.9%, to $13.65, while First Majestic Silver let go of 46 cents, or 3.2%, to $13.93.

ON BAYSTREET

The TSX Venture Exchange slid 10.07 points to 572.28

Seven of the 12 TSX subgroups gained ground by the end of the day, with health-care leaping 5.4%, information technology and industrials clicking 1.3% each.

The four laggards were weighed most by gold, dulling 1.9%, energy, down 0.9%, and materials sliding 0.8%.

Consumer discretionary shares were unchanged by the closing bell.

ON WALLSTREET

Stocks closed higher on Monday, resuming the rally that started last week amid news the U.S. will remove China from a list

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