Investor Alert

Jan. 19, 2021, 11:46 a.m. EST

Stocks Flat by Noon Hour

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Jan 19, 2021 (Baystreet.ca via COMTEX) -- Equities in Canada's largest market rose slightly midday Tuesday, helped by strength in energy stocks, as data showing growth in domestic wholesale trade in November bolstered sentiment.

The S&P/TSX Composite Index paused for lunch Tuesday up 11.94 points to 17,956.82, off its highs of the morning.

The Canadian dollar gained 0.06 cents to 78.50 cents U.S.

The largest percentage gainers on the TSX were BlackBerry, which jumped $1.52, or 11.5%, to $14.72, and Vermilion Energy, which rose 43 cents, or 6.6%, to $6.93.

Aphria Inc fell 50 cents, or 3.1%, the most on the TSX, to $15.92, and the second-biggest decliner was its peer Aurora Cannabis, down 60 cents, or 3.9%, to $14.62.

On the economic beat, Statistics Canada reported wholesale trade grew for the seventh consecutive month in November--up 0.7% to an all-time high of $67.4 billion.

The agency goes on to say five of seven sub-sectors reported stronger sales, led by the machinery, equipment and supplies sub-sector and the building material and supplies sub-sector.

Also, manufacturing sales decreased for the first time in three months, declining 0.6% to $53.7 billion in November, driven mainly by the aerospace product and parts, motor vehicle, and motor vehicle parts industries.


The TSX Venture Exchange hiked 8.77 points, or 1%, to move into noon hour at 929.10.

Seven of the 12 TSX subgroups were positive halfway through the session, as energy zoomed 1.4%, real-estate pointed upward 0.7%, and industrial stocks surged 0.5%.

The five laggards were weighed most by consumer discretionary, off 1.4%, consumer staples, tumbling 0.9%, and health-care, paling 0.4%.


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