TSX Sees Only Narrow Gains

Apr 11, 2019 (Baystreet.ca via COMTEX) —

Markets in Toronto tenaciously held onto gains by the closing bell on Thursday, gains in technology stocks holding off losses in the health-care area.

The S&P/TSX Composite Index remained barely positive, 3.18 points, to end Thursday’s session at 16,399.47

The Canadian dollar lost 0.28 cents at 74.8 cents U.S.

Health-care took the biggest lumps, as Bausch Health Companies chucked eight cents to $34.72, while Canopy Growth capsized $2.53, or 4.5%, to $53.65.

Gold fell by the wayside, with New Gold down four cents, or 3.2%, to $1.22, while Kirkland Lake Gold dropped off five cents to $42.22.

Materials dipped, with Frontier Lithium falling half a cent, or 1.4%, to 35 cents, and Agnico Eagle Mines slipped 77 cents, or 1.3%, to $56.63.

Tech stocks led the gainers, with Shopify sprouting $7.08, or 2.6%, to $282.23, and Constellation Software leaping $13.79, or 1.2%, to $1,189.35.

Among financials, Royal Bank tacked on 38 cents to $103.88, while Manulife added 31 cents, or 1.3%, to $24.01.

In industrials, Air Canada was airborne 42 cents, or 1.3%, to $32.79, while Canadian Pacific Railway took on $1.64 to $282.23.

On matters macroeconomic, Statistics Canada reported that its new housing price index was unchanged in February, despite growth in some of the housing markets surveyed.

ON BAYSTREET

The TSX Venture Exchange retreated 4.68 points to 624.41

Seven of the 12 Toronto subgroups were lower, as health-care ailed 2.6%, gold dulled in price 1%, and materials lost 0.9%.

The five gainers were in information technology, up 1%, while financials and industrials each acquired 0.2%.

ON WALLSTREET

Stocks closed along the flatline on Thursday as Wall Street looked ahead to the start of the earnings season.

The Dow Jones Industrial Average finished in the red 14.11 points – off its lows

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