By Ketki Saxena
Investing.com -- The TSX tracked Wall Street higher today, recording its biggest intraday gain in nearly a year, as rate-sensitive tech stocks rebounded following a rate hold from the US Federal Reserve Yesterday.
Toronto Stock Market News
Shopify (TSX:SHOP) shares surged today, after the company beat expectations and gave a strong year ahead forecast. Net income for the quarter was US $718 million, or US 55 cents a share, compared to a loss of US $158.4 million, or a loss of US 12 cents per share a year ago. Revenue totalled US$1.71 billion for the quarter, up from US$1.37 billion a year earlier.
Barrick Gold (NYSE:GOLD) Corp. reported a profit of US$368 million, up from US$241 million a year earlier, boosted by higher gold prices. Profit amounted to 21 cents per share, up from 14 cents per share a year earlier. Revenue totalled US$2.86 billion, up from US$2.53 billion this time last year.
Cenovus Energy (TSX:CVE) Inc. reported a profit of $1.86 billion, up from $1.61 billion in the same quarter last year, amounting to 97 cents per diluted share, up from 81 cents per diluted share a year earlier. Revenue totalled $14.58 billion, down from $17.47 billion this time a year ago.
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