Market Update

May 18, 2021

Latest market wrap
The close: Materials and energy sectors propel TSX to record high

Mark Blinch/Globe and Mail

The close: Materials and energy sectors propel TSX to record high
The Canadian benchmark stock index started the week by closing at a fresh record high, propelled by rallies in both the materials and energy sectors, even as U.S. stocks finished lower amid ongoing concerns about inflation and looming tighter monetary policy.
Gold climbed to its highest level in more than three months, while Brent crude tested the US$70 per barrel level.
The S&P/TSX Composite Index closed up 107.96 points, or 0.56%, at 19,474.65.
That only modestly surpassed the previous record high set on May 7, by less than two points. But the gains looked impressive on a day when Wall Street couldn’t pull out of the red.
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Top Gainers
Ticker Company Last
WRN-T Western Copper and Gold Corp $2.47 0.48
XBC-T Xebec Adsorption Inc $4.14 0.49
BITI-U-T Betapro Inverse Bitcoin ETF USD $15.99 1.88
BITI-T Betapro Inverse Bitcoin ETF $19.20 2.15
OLA-T Orla Mining Ltd $5.45 0.58
EDR-T Endeavour Silver Corp $8.07 0.84
MND-T Mandalay Resources Corp $3.11 0.32
GGD-T Gogold Resources Inc $2.68 0.26
MDI-T Major Drilling Grp $10.21 0.96
GEO-T Geodrill Limited $2.66 0.25

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