By Reuters Staff
3 Min Read
May 5 (Reuters) - Canada’s main stock index rose on Wednesday, as energy stocks gained tracking crude prices after easing restrictions in the United States and parts of Europe raised hopes of higher fuel demand in the summer season. The rise in oil prices to near two-month highs has been supported by COVID-19 vaccine rollouts in Europe and the United States where more than 40% of U.S. adults have received a vaccine. That helped the energy sector climb 1%. At 09:40 a.m. ET (1340 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 48.66 points, or 0.25%, at 19,236.69.
TSX rises as energy stocks boost
05/05/2021 | 10:52am EDT
Send by mail :
Message :
Required fields
(Reuters) - Canada s main stock index rose on Wednesday, as energy stocks gained tracking crude prices after easing restrictions in the United States and parts of Europe raised hopes of higher fuel demand in the summer season. The rise in oil prices to near two-month highs has been supported by COVID-19 vaccine rollouts in Europe and the United States where more than 40% of U.S. adults have received a vaccine. That helped the energy sector climb 1%. [O/R] At 09:40 a.m. ET (1340 GMT), the Toronto Stock Exchange s S&P/TSX composite index was up 48.66 points, or 0.25%, at 19,236.69.
The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Inside the Market’s roundup of some of today’s key analyst actions
CIBC downgraded
Organigram Holdings Inc. (OGI-T) to an “underperformer” rating - the equivalent of a sell recommendation - from “neutral”, and was among several brokers that slashed price targets on the cannabis company following disappointing quarterly results.
Organigram said Tuesday it had a net loss of $66.4 million (Canadian) in its fiscal second quarter to Feb. 28, wider than the loss of $6.8 million posted in the year-earlier quarter. Revenue fell to $14.6 million from $23.2 million, missing the Street consensus of $19.1 million. Revenue was hurt by missed sales opportunities as a “significant number” of staff had to isolat
CANADA STOCKS-TSX futures jump on higher fiscal spending hopes, oil boost msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Badger Daylighting Ltd. Announces Board of Director Changes
March 11, 2021 19:25 ET | Source: Badger Daylighting Ltd Badger Daylighting Ltd Red Deer, Alberta, CANADA
CALGARY, Alberta, March 11, 2021 (GLOBE NEWSWIRE) Badger Daylighting Ltd. (“Badger” or the “Company”) (TSX:BAD) announces the planned retirement of Garry Mihaichuk and the appointment of Stephen Jones to Badger’s Board of Directors.
Garry Mihaichuk has indicated that he will be retiring at the Company’s 2021 annual general meeting of shareholders. “We would like to thank Garry for his 15 years of service to the Company and for his Board leadership as Chair of the Human Resources and Compensation Committee and previously, Chair of the Health and Safety Committee. Garry’s leadership and collaboration on the board will be missed and Badger has benefitted from the significant contributions he has made over the years,” said Glen Roane, Chair of the B