Tag: Sector

Technology sector boosts TSX as Lightspeed climbs, U.S. stock markets mixed

TORONTO — Gains in the technology sector helped lift Canada’s main stock index to a positive close as U.S. markets were mixed and the Canadian dollar lost ground against the American greenback on Tuesday.



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© Provided by The Canadian Press


North American markets returned to a more typical low-volume Christmas week activity level after Monday’s “overblown” reaction to news of a new strain of the coronavirus in the United Kingdom, said Craig Jerusalim, senior portfolio manager at CIBC Asset Management.

Investors appeared to take some comfort from suggestions that while the new strain may be more readily transmitted, it may

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Inquiry says technology could boost the value of Australia’s agriculture sector by AU$20b

An inquiry into growing Australia’s agriculture sector to AU$100 billion by 2030 has highlighted that digital technology will be key to driving growth in Australia’s agriculture.

The inquiry, conducted by the House of Representatives Standing Committee on Agriculture and Water Resources and chaired by Liberal MP Rick Wilson, estimated that digital agriculture could add AU$20 billion to the value of the sector.

“A boost of this size would, by itself, cover the projected shortfall required to reach the AU$100 billion by 2030 target,” the Growing Australia report [PDF] said.

The inquiry was launched last September to investigate whether the National

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Insight Public Sector to Host Forum on Educational Technology for Remote Education

Insight Public Sector’s discussion forum will help educational organizations find solutions for their EdTech and remote education challenges

Tuesday December 15th, Insight Public Sector will host a virtual EdTech Discussion Forum. This roundtable discussion is open to all IT decision makers, end-users, and others interested in the education field who want to learn more about using education technology for distance learning in response to today’s COVID-19 pandemic. The EdTEch Forum will allow educators and administrators to connect with their peers and key EdTech providers in an open discussion about what is working well, where gaps exist, and how EdTech can

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Technology Sector Outlook: What Investors Can Expect | The Smarter Investor

The technology sector is once again the top-performing sector in the stock market.

This sector has gained more than 30% year to date, as measured by the Technology Select Sector SPDR Fund (ticker: XLK). As good as the performance of XLK has been this year, the exchange-traded fund’s rise was better last year when it enjoyed nearly a 50% gain.

Technology leading the way is not new, as this will be the third time in four years it has been the top-performing sector.

The last sector to stay atop the leader board this long was energy back in 2004, 2005

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Invest in These Sector ETFs

The coronavirus outbreak is expected to take a stronger beating on second-quarter earnings. This is especially true as S&P 500 earnings are expected to decline 44.1% on 10.9% lower revenues. The earnings projection is down from around 17.5% earnings decline expected in early April.

Earnings growth is expected to be negative for 15 of the 16 Zacks sectors with double-digit declines. The four sectors that are expected to lose money in Q2 (year-over-year declines of 100% or more) are autos (226.1% earnings decline), transportation (151.2%), energy (139.4%), and consumer discretionary (109.1%). Utilities is the only sector with a modest 0.9%

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