Market Update

January 22, 2021

Latest market wrap
The close: S&P 500 at record high but TSX sags as energy, financials weigh


The close: S&P 500 at record high but TSX sags as energy, financials weigh
The S&P 500 and Nasdaq closed at record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to support the economy after data showed a tepid labour market recovery.
Investors in the Canadian benchmark index weren’t quite as lucky, with the heavyweight energy and financial sectors on the decline. The S&P/TSX Composite Index closed down 98.71 points, or 0.55%, at 17,916.20.
The number of Americans filing new applications for unemployment benefits dipped to 900,000 last week but still remained stubbornly high as the COVID-19 pandemic tears through the nation, raising the risk that the economy will shed jobs for a second straight month in January.
But other data showed the housing and manufacturing sectors as areas of strength to help buttress the economy.
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Top Gainers
Ticker Company Last
WPRT-T Westport Fuel Systems Inc $10.81 1.82
WILD-T Wildbrain Ltd. $2.02 0.27
PIF-T Polaris Infrastructure Inc $22.50 2.32
NEO-T NEO Performance Materials Inc $16.73 1.11
CGG-T China Gold Int Resources Corp $2.12 0.14
MAV-T Mav Beauty Brands Inc $6.74 0.44
CMMC-T Copper Mountain Mining Corp $2.62 0.15
RCH-T Richelieu Hardware Ltd $37.60 2.15
JE-T Just Energy Group Inc $7.06 0.37
CAS-T Cascades Inc $15.44 0.79

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Find articles and insight to help you navigate everything from working remotely and learning online, to maintaining your health and fitness routine and managing your personal finances. Any way we can help Canadians feel more secure, less anxious and more optimistic in this time will help get Canada to zero.
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