TSX Up on Day, Flat on Week

Sep 11, 2020 (Baystreet.ca via COMTEX) —

The TSX ended a volatile session Friday slightly on the upside, as health-care losses put the brakes on any growth exhibited by consumer staples. The index ended up for a holiday-shortened week at pretty much the same spot at which it ended the week before.

The TSX gained 37.14 points to close the day and the week at 16,222.46. The gain on the week, however, was but 4.45 points.

The Canadian dollar was unchanged at 75.82 cents U.S.

Health-care stocks dragged down the market much of the day, with Aurora Cannabis scaling back 60 cents, or 6.2%, to $9.16, while Cronos Group dipped 14 cents, or 2%, to $6.83.

Among techs, Lightspeed POS fell short $1.99, or 4.8%, to $39.88, while Shopify went downward $30.92, or 2.5%, to $1,202.96.

In real-estate, Colliers International Group settled $1.36, or 1.6%, to $86.46, while Brookfield Property Partners fell 32 cents, or 2.3%, to $13.87.

Consumer staples led the subgroups which did gain ground, most notably North West Company, rallying $2.30, or 8%, to $30.91, while Empire Company jumped $2.37, or 6.7%, to $37.87.

In industrials, Transcontinental picked up 53 cents, or 3.4%, to $16.30, while New Flyer gained 45 cents, or 2.6%, to $17.42.

Financials also showed promise, with Intact Financial hiking $2.66, or 1.9%, to $140.63, while IGM Financial sprinted 49 cents, or 1.6%, to $31.89.

ON BAYSTREET

The TSX Venture Exchange slipped 8.68 points, or 1.2%, to 733.37, for a retreat on the week of 0.32 points.

Six of the 12 TSX subgroups were lower on the day, with health-care dropping 1.6%, information technology down 1.2%, while real-estate sank 0.5%.

The five gainers were led by consumer staples, up 1%, while industrials picked up 0.9%, and financials improved 0.7%. Consumer discretionary stocks were unchanged

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