Investor Alert

April 21, 2021, 4:43 p.m. EDT

TSX Back in Plus Territory

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Apr 21, 2021 (Baystreet.ca via COMTEX) -- Stocks recovered partially Wednesday from the drubbing of the past two days, led by advances in health and resource sectors.

The TSX gained 102.47 points to conclude Wednesday at 19,143.25.

The Canadian dollar rocketed 0.73 cents to 80.02 cents U.S.

Among the chief gainers was Organigram Holdings, moving ahead 22 cents, or 7.5%, to $3.16, while Aurora Cannabis added 54 cents, or 5.6%, to $10.16.

In gold, Centerra Gold improved 39 cents, or 3.3%, to $12.08, while New Gold prospered six cents, or 2.7%, to $2.27.

In other resource stocks, Endeavour Silver gained 37 cents, or 5.5%, to $7.16, while Fortuna Silver Mines brightened 38 cents, or 4%, to $9.94.

Consumer staples weighed the index down, however, with Metro collapsing $1.06, or 1.8%, to $58.25, while Empire Company subtracted 31 cents to $40.27.

In industrials, Boyd Group let go of $5.80, or 2.5%, to $224.20, while Aecon Group ditched 24 cents, or 1.2%, to $19.40.

Communications suffered, too, with Corus Entertainment losing eight cents, or 1.3%, to $5.96, with Shaw Communications dipping 14 cents, to $34.80.

In the economic docket, Statistics Canada says March's Gross Domestic Product rose 2.2% on a year-over-year basis, up from a 1.1% gain in February. On a seasonally adjusted monthly basis, the CPI rose 0.1% in March.

Also, the Bank of Canada today held its target for the overnight rate at the effective lower bound of 0.25%, with the Bank Rate at 0.5% and the deposit rate at 0.25%


The TSX Venture Exchange sprang back up again 14.15 points, or 1.6%, to 928.91.

All but three of the 12 TSX subgroups were positive by Wednesday's close, as health-care shot up 3.5%, gold prospered 1.2%, and materials jumped 1%.

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