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Jan. 15, 2021, 10:31 a.m. EST

Slight Loss for TSX

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Jan 15, 2021 (Baystreet.ca via COMTEX) -- Canada's main stock index were muted at open on Friday, as weakness in energy stocks and fears of tighter lockdowns amid rising coronavirus cases globally outweighed optimism around a $1.9-trillion U.S. stimulus plan.

The TSX dipped 26.8 points to open the week's last session at 17,931.29.

The Canadian dollar fell 0.43 cents at 78.63 cents U.S.

Finance Minister Bruno Le Maire expressed France's stiff opposition to a possible near-$20-billion takeover of Carrefour by Alimentation Couche-Tard on Friday. Shares in Couche-Tard gathered 86 cents, or 2.4%, to $37.15.

Canaccord Genuity raised the rating on Aphria to speculative buy from hold. Aphria shares galloped $2.10, or 13.8%, to $17.35.

CIBC initiated coverage on Cenovus Energy with an outperform rating. Cenovus shares backtracked 29 cents, or 3.5%, to $7.95.

National Bank of Canada raised the rating on Pason Systems to outperform from sector perform. Pason shares gained 29 cents, or 3.3%, to $9.02.

On the economic beat, the Canadian Real Estate Association reported national home sales rose 7.2% on a month-over-month basis in December.


The TSX Venture Exchange nosed ahead 1.52 points to 915.87.

Seven of the 12 subgroups started the day negative, as energy lost 2.1%, while consumer discretionary stocks fell 0.4%, and financials were 0.3% in the minus category.

The five gainers were led by health-care, better by 4%, information technology, popping 1.8%, and consumer staples, improving 0.7%.

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