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Stockhouse @ the Bell: Cannabis & energy stocks boost TSX

Stockhouse Editorial
0 Comments| February 4, 2019


Healthcare (+5%) and energy stocks (+1.2%) pushed Canada’s main stock index higher on Monday, led by cannabis producers in the face of declining oil prices. Aphria Inc. gained 12.9%, Cronos Group Inc. was up 11.9% and Aurora Cannabis increased 8.8%, while Suncor Energy Inc. and Imperial Oil Ltd. were both up 2.4%. Tech shares gave Wall Street a boost, Google’s parent Alphabet Inc. was up 2% after it released its quarterly results, the last FAANG member to do so.
 
The S&P/TSX Composite Index was up 96.01 points to 15,602.32, the TSX Venture Exchange was up 2.40 points to 625.26.
 
The Canadian dollar was down $0.0010 remaining at 76 cents.
 
Crude oil prices were down $0.54 to $54.72.
 
The price of gold was down $5.19 to $1,311.92.
 
In U.S. markets; the Dow grew 175.48 points to 25,239.37, the S&P 500 added 18.34 points to 2,724.87, and the NASDAQ climbed 83.67 points to 7,347.54.
 
In world markets; the Nikkei gained 95.82 points to 20,883.77, the Hang Seng rose 59.60 points to 27,990.21, the FTSE increased 13.94 points to 7,034.13, but the DAX shed 4.08 points to 11,176.58.



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