The TSX reopened after the Christmas break on Wednesday to set a 52-week midday high of 21,091 and closed near that, up 0.65%. All sectors were green, led by consumer staples, energy and financials.
Key winners included CNQ up 1.62%, Lithium Americas 3.82%, TFI International 3.81%, Bausch Health 3.74% and Savaria 3.08%. Despite the rally, WTO crude fell over 2% to under $74 a barrel.
Volumes are on both sides of the border were typically light. Wall Street, which opened yesterday while Canada went Boxing day shopping, was flat on Wednesday. The Nasdaq was flat, and the S&P rallied in the final minutes to climb 0.14% and made a new 52-week high during the session of 4,785. Meanwhile, the Dow inched up 0.09%. Notable names included drugmakers Moderna up 3.44% and Regeneronat 2.71%. Tesla added 1.73%, AMD 1.83% and CarMax 2.52%. The U.S. 10-year yield fell to 3.78% while Bitcoin added 2% to US$43,400.