Investor Alert

Jan. 17, 2020, 12:14 p.m. EST

Markets Stretch Ever Higher

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Jan 17, 2020 (Baystreet.ca via COMTEX) -- Equity markets in Toronto hit yet another all-time high on Friday, tracking gains in global equities, as upbeat Chinese economic data pointed to signs of stabilization in the world's second-largest economy.

The TSX Composite Index gathered 61.83 points to break for lunch Friday at 17,546

The Canadian dollar demurred 0.18 cents to 76.50 cents U.S.

The largest percentage gainers on the TSX were Norbord, which jumped $3.04, or 8.2%, to $40.00, followed by shares of Interfor, which rose $1.08, or 7.4%, to $15.60

Hexo fell 19 cents, or 8.2%, the most on the TSX, to $2.12, followed by shares of Aurora Cannabis, down seven cents, or 2.5%, to $2.72.

On the economic slate, Statistics Canada reported that Canadian investors increased their holdings in foreign securities to $5.5 billion in November as Canadian investors resumed their purchases of foreign equities.

At the same time, foreign investors reduced their holdings of Canadian securities by $1.8 billion, the first decline in four months


The TSX Venture Exchange gained 0.65 points to 583.76

All but two of the 12 TSX subgroups were still buoyant, primarily utilities, up 0.8%, while information technology and consumer discretionary stocks gained 0.7%.

The two laggards were energy, which faded 0.8%, while gold was off 0.1%.


Stocks were little changed on Friday after hitting record highs as Wall Street wrapped up a solid weekly performance amid strong global economic data and a solid start to the earnings season.

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