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New York Markets After Hours

Jan. 16, 2020, 4:43 p.m. EST

TSX Leap to More Upper Limits

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Jan 16, 2020 (Baystreet.ca via COMTEX) -- Another historic, record day for stocks in Canada's largest market, as consumer and real estate provided the punch markets needed Thursday.

The TSX Composite Index gained 69.6 points to finish off Thursday at 17,484.77

The Canadian dollar shied away 0.01 cents to 76.67 cents U.S.

Consumer discretionary stocks were the champions on Thursday, with Sleep Country Holdings waking up 39 cents, or 1.9%, to $20.96, while Dollarama advanced 72 cents, or 1.6%, to $45.69.

Real-estate stocks moved higher, as Tricon Capital Group popped 22 cents, or 2%, to $11.16, while CT REIT gained 30 cents, or 1.9%, to $16.26.

Among consumer staples, Cott Corporation soared 51 cents, or 2.7%, to $19.18, while Empire Company, parent of Sobeys, added 53 cents, or 1.8%, to $30.87.

Materials provided a drag on the festivities, as Ero Copper dipped 79 cents, or 3.8%, to $20.24, while Pan American Silver fell $1.46, or 4.9%, to $28.24.

In the gold patch, IAMGOLD slipped 28 cents, or 6.4%, to $4.11.

Bombardier shares tumbled 57 cents, or 31.8%, to $1.22, their lowest level since March 2016, after the company warned of lower 2019 profits and said it might have to write down significantly the value of its partnership with Airbus on A220 jets.

On the economic slate, the Canadian Real Estate Association said MLS sales edged down by 0.9% in December.

This ended a streak of monthly gains that began last March. Activity is currently about 18% above the six-year low reached in February 2019 but ends the year about 7% below the heights recorded in 2016 and 2017.

Also lifting the mood was a report from payroll services provider ADP which showed Canada added 46,200 jobs in December, the sixth straight month of gains.


The TSX Venture Exchange spiked 6.1 points, or 1.1%, to 583.11

All but two of the 12 TSX subgroups stayed green all day, consumer discretionary charging ahead 1.2%, real-estate, stronger by 1%, and consumer staples, 0.8% to the good.

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