Tag: TSX

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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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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Canada’s TSX posts biggest weekly loss since June, C$ rises after jobs gain

By Fergal Smith

TORONTO (Reuters) – Canada’s main stock market index fell on Friday, taking its weekly loss to nearly 3%, as a selloff in high-flying technology shares continued, while the Canadian dollar rallied as domestic jobs data added to evidence of economic recovery.

The Toronto Stock Exchange’s S&P/TSX composite index <.GSPTSE> closed down 1.4% at 16,218.01, after paring earlier losses.

It was the second consecutive day of volatile trading for the TSX and other North American indexes, which had been on a tear since March. For the week, the TSX was down 2.9%, its biggest weekly decline since June.

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