Stocks Flat at Friday Finish

(MENAFN – Baystreet.ca) Stocks in Toronto dipsied and doodled much of Friday, in a struggle to make it back to the breakeven point, while their American cousins threw a record-breaking party.
The S&P/TSX Composite Index dipped 39.78 points to end Friday and the week at 16,488.12. For the last five sessions, the index fell back 1.3 points.
The Canadian dollar squeezed up 0.2 cents to 76.72 cents U.S.
Health-care stocks cast the heaviest anchor on the index, as the beleaguered CannTrust tumbled 70 cents, or 17.3%, the most on the TSX, to $3.34, after the company suspended sales of cannabis products. Earlier this week, the firm said Canada’s health regulator found that it produced marijuana in unlicensed facilities.
The company’s losses were closely followed by fellow cannabis producer Canopy Growth Co, down four dollars, or 8.3%, to $44.45.
Among utilities, Brookfield Infra Partners slid $1.06, or 1.9%, to $56.30, while Superior Plus dived 30 cents, or 2.2%, to $13.26.
Tech stocks took some lumps, as Kinaxis fell $1.58, or 2%, to $78.58, while Shopify took a hit of $7.62, or 1.9%, to $403.59
The largest percentage gainer on the TSX was Aritzia Inc, which jumped $1.20, or 7.3%, to $17.59, after reporting first-quarter results.
Elsewhere among consumer discretionaries, Martinrea International leaped 49 cents, or 4.8%, to $10.67.
Gold stocks were positive, as Detour Gold hiked 31 cents, or 1.8%, to $17.68, while Eldorado Gold spiked 29 cents, or 3.3%, to $9.12.
In industrials, CAE Inc. was more solid by 97 cents, or 2.7%, to $36.46, while Boyd Group Income Fund units sprang up $4.08, or 2.4%, to $175.04.
ON BAYSTREET
The TSX Venture Exchange dropped 4.37 points to close Friday at 576.03, a descent of 10.54 points on the week, or 1.8%.
Seven of the 12 Toronto subgroups ended the day downward, as health-care ailed 4.4%, utilities slacked 1.1%, and information technology clicked

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