NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

TSX Muted; Chrystia Freeland Comments on Teck Deal

Published 2023-04-24, 01:54 p/m
© Reuters.
GSPTSE
-

By Ketki Saxena 

Investing.com – The TSX tracked Wall Street later in afternoon trading, as risk-aversion dominated and treasury yields rose ahead of a busy week of big cap earnings, with rate- sensitive big tech stocks set to report this week, including Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), Meta, and Amazon.com (NASDAQ:AMZN). 

The commodity heavy Canadian index gained some support from crude prices on expectations that travel during China’s upcoming May Day holiday would boost demand in the world’s top importer of crude. 

The Biggest Stories on Bay Street 

Chrystia Freeland, Canada’s deputy prime minister, commented today on Glencore’s US$23 billion offer to buy Canadian miner Teck Resources (TSX:TECKa) Ltd., days ahead of a key shareholder vote to approve Teck’s plan to spin off its coal business. Freeland sounded a positive note, writing a letter to the Vancouver trade board (which opposes the deal) and noting that “Teck is Canada’s largest diversified mining company, with assets of central importance to our country as we expand our critical minerals value chain and build a clean economy.”

Canadian Stocks Moving Markets Today 

Top Gainers:

  • Seabridge Gold (TSX:SEA)
  • Lithium Americas (TSX:LAC)
  • Precision Drilling (TSX:PD)

Top Losers: 

  • Interfor Corp (TSX:IFP)
  • Converge Tech (TSX:CTS)
  • Capstone Mining (TSX:CS)

In Canadian Economics 

No major Canadian economic data expected

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.