Equities in Canada’s largest centre galloped all the way to the finish Thursday, headed by tech and financials, as inflation data south of the border picked up investors’ mood.
The TSX leaped 206.87 points to end Thursday at 20,277.64.
The Canadian dollar climbed 0.44 cents to 76.29 cents U.S.
Canadian information technology stocks climbed as HUT 8 Mining jumped 86 cents, or 17.4%, to $5.81, while Bitfarms collected 30 cents, or 12.4%, to $2.73.
In financials, CI Financial picked up 44 cents, or 2.8%, to $16.14, while Brookfield Asset Management hiked $1.33, or 3.2%, to $43.28.
In utilities, Superior Plus took on 29 cents, or 3.1%, to $9.67, while Algonquin Power & Utilities advanced 27 cents, or 2.6%, to $10.77.
Only real-estate missed the party, with First Service shedding $2.67, or 1.3%, to $208.06, while H & R REIT lost seven cents to $10.31.
ON BAYSTREET
The TSX Venture Exchange charged ahead 5.52 points Thursday to 632.05
All but one of 12 TSX subgroups gained ground, with information technology perking 2.1%, while financials and materials each sprang up 0.6%.
The three laggards proved to be real-estate, down 0.5%, while consumer discretionary was 0.1%, and industrials faltered 0.02%.
ON WALLSTREET
Stocks rose Thursday after another key inflation reading came in lighter than expected. This came after the S&P 500 closed at its highest level in over a year.
The Dow Jones Industrials stayed afloat 47.71 points to close Thursday at 34,395.14.
The S&P 500 took on 37.88 points to 4,510.04.
The NASDAQ index popped 219.61 points, or 1.6%, to 14,080.47. It was the fourth consecutive day of gains for the major averages.
Cybersecurity stock Palo Alto Networks jumped 2.8%, partially rebounding from Wednesday’s losses. Meanwhile, shares of MGM Resorts hiked 5.1%, and Alphabet rose 4.3%.
June’s producer price index report rose less than anticipated, building upon optimism from Wednesday’s consumer price index data. The PPI, which measures what wholesalers pay for goods, rose 0.1% in June. Economists polled by Dow Jones had expected an increase of 0.2%.
Core PPI, which strips out volatile food and energy prices, climbed 0.1% — also lower than expectations.
Prices for the 10-year Treasury recovered strength, lowering yields to 3.76% from Wednesday’s 3.78%. Treasury prices and yields move in opposite directions.
Oil prices gathered $1.54 to $77.29 U.S. a barrel.
Gold prices gained $3.20 to $1,964.90 U.S. an ounce.