TORONTO After being underwater for most of the day, Canada s main stock index recovered to set a new record close after crude oil prices briefly hit their highest levels in more than six years. The S&P/TSX composite index closed up 18.57 points to 20,300.03 after losing as much as about 129 points. In New York, the Dow Jones industrial average was down 208.98 points at 34,577.37. The S&P 500 index was down 8.80 points at 4,343.54, while the Nasdaq composite was up 24.31 points at 14,663.64. Investors were a little rattled in early trading by weaker ISM services numbers for June that suggest the rapid growth from the pandemic lows is starting to peak, says Anish Chopra, managing director with Portfolio Management Corp.
TSX starts second half of year in record territory after explosive start to 2021
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Verdant Tech, a food-storage innovator started by Holiday executives, is purchased by Colorado firm
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Roxgold Inc. (TSX:ROXG). Materials. Up three cents, or 1.6 per cent, to $1.89 on 9.5 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Down seven cents, or 0.08 per cent, to $86.87 on 6.8 million shares.
TC Energy Corp. (TSX:TRP). Energy. Up six cents, or 0.1 per cent, to $61.34 on 6.3 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 2.5 per cent, to $1.17 on 5.9 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 23 cents, or 0.47 per cent, to $49.63 on 5.8 million shares.
Power Corp. of Canada. (TSX:POW). Financials. Up eight cents, or 0.21 per cent, to $39.18 on 5.5 million shares.
Companies in the news:
Lightspeed POS Inc. (TSX:LSPD). Down $2.08 or two per cent to $103.75. Lightspeed POS Inc. shareholders will vote this summer on whether to change the company s name. The Montreal-based technology business says shareholders will decide whether the company is renamed Lightspeed Commerce Inc. Lightspeed says in its circular that i
It s also one of the first times in a while that the TSX outperformed the S&P 500, which gained 14.4 per cent, while the Dow Jones industrial average and the Nasdaq composite each ended up about 12.5 per cent.
The gains have been especially good for retail investors who have seen their portfolios increase in value. If Canadian investors aren t happy with the first six months of performance right now, I m not sure what will make them happy, he said in an interview.
Taylor said the historic climb caught many observers off-guard because it followed a wild 2020 in which markets sank and then recovered. And people wondered if the gains after last November s U.S. presidential election were too much, too fast.