Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

TSX flat as energy drag offsets U.S. stimulus optimism

Published 2021-01-15, 07:26 a/m
Updated 2021-01-15, 10:12 a/m
© Reuters. The facade of the original Toronto Stock Exchange building is seen in Toronto

(Reuters) - Canada's main stock index was muted on Friday, as weakness in energy stocks and fears of tighter lockdowns amid rising coronavirus cases globally outweighed optimism around a $1.9 trillion U.S. stimulus plan.

* The energy sector dropped 1.9% as U.S. crude prices were down 1.5% a barrel, while Brent crude lost 1.6% amid the prospect of tighter lockdowns in Germany and France as well as new COVID-19 restrictions in China. [O/R]

* Biden outlined a $1.9 trillion coronavirus stimulus package proposal on Thursday to jump-start the pandemic-hit economy.

* At 9:38 a.m. ET (14:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 7.48 points, or 0.04%, at 17,950.61.

* The financials sector slipped 0.2%. The industrials sector fell 0.4%.

* Ballard Power Systems Inc fell 7.4%, the most on the TSX. The second biggest decliner was Osisko Mining Inc, down 5.5%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.5%.

* On the TSX, 66 issues were higher, while 149 issues declined for a 2.26-to-1 ratio to the downside, with 18.61 million shares traded.

* The largest percentage gainers on the TSX were Blackberry (TSX:BB) Limited (TO:BB), which jumped 25.6% to its highest in more than two years, and Aphria Inc (TO:APHA), which rose 11.5% extending its prior session's gains after an upbeat quarterly earnings.

* The most-heavily traded shares by volume were BlackBerry Limited (TO:BB), Green Organic Dutchman Holdings Ltd (TO:TGOD) and Zenabis Global Inc (TO:ZENA).

* The TSX posted four new 52-week highs and no new lows.

© Reuters. The facade of the original Toronto Stock Exchange building is seen in Toronto

* Across all Canadian issues there were 24 new 52-week highs and two new lows, with total volume of 50.17 million shares.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.