Canadian Market Modestly Higher, Looks Set To End On Firm Note
(RTTNews) - The Canadian market looks on course to end the final session of 2024 on a positive note with stocks from communications, energy and materials sectors posting solid gains.
Energy and materials stocks have moved higher on firm crude oil and bullion prices.
The benchmark S&P/TSX Composite Index was up 117.90 points or nearly 0.5% at 24,738.49 a little while ago.
Softchoice Corporation (SFTC.TO) is soaring nearly 13%. Parex Resources (PXT.TO) is up 7.1%, while Cargojet (CJT.TO), Quebecor Inc (QBR.A.TO) and Brookfield Business Corporation (BBUC.TO) are up 4.7 to 5.6%.
BCE Inc (BCE.TO), Precision Drilling Corporation (PD.TO), Richelieu Hardware (RCH.TO), Finning International (FTT.TO), goeasy (GSY.TO) and Canadian Natural Resources (CNQ.TO) are gaining 2 to 3.1%.
Cogeco Communications (CCA.TO), Cogeco Inc (CGO.TO), BRP Inc (DOO.TO), Sprott Inc (SII.TO), Methanex Corporation (MX.TO), Gildan Activewear (GIL.TO), Atkins Realis (ATRL.TO), Imperial Oil (IMO.TO), Molson Coors Canada (TPX.A.TO), Colliers International (CIGI.TO) and EQB Inc (EQB.TO) are also notably higher.
Hut 8 Corp (HUT.TO) is down 4.4%. Celestica Inc (CLS.TO), Onex Corporation (ONEX.TO) and Tourmaline Oil Corp (TOU.TO) are also down in negative territory.
Canadian Market Remains Positive, Looks On Course For Another Firm Close
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Canadian Dollar Falls Against Majors
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