To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: Stocks in Canada Hit All-time High
The S&P/TSX touched fresh record highs on Friday, underpinned by gains in the energy sector amid rising crude and natural gas futures. Investors also welcomed data showing Canadian industries operated at 81.7% of production capacity in 1Q 2021, beating market forecasts of 80.6%, underpinned by the strongest utilisation rate since 1990 for the construction sector and the ongoing recovery in the mining, quarrying, oil & gas sector. Among the best performers were Hudbay Minerals Inc, up more than 3%, and First Quantum Minerals rising almost 3%. The index is set to finish 0.3% higher for the week, amid signs of a sustained economic recovery, rising oil prices, and the Bank of Canadas decision to leave monetary policy unchanged for now. [/s2If]
Join Our Telegram Group