Stock markets in Canada were mixed on Tuesday.
Canada’s main stock index, the S&P/TSX Composite Index, closed at a new all-time high, finishing up 0.6% at 16,669.4 points.
Energy stocks led the index, with the sector up 1.4, as oil prices hit their highest prices in six months.
The TSX Venture Exchange nudged down on Tuesday, down 0.3% to close at 608.4 points.
The Canadian Securities Exchange dropped 1% at 930.9 points.
1:30pm: TSX rally continues at Tuesday midsession thanks to energy and industrial shares
The TSX continued its rally on Tuesday, reaching 16,655 points by midday.
Energy and industrial shares buoyed the exchange’s record run, with both indices up 1.4% and 0.6% respectively.
The TSX Venture fell 0.3% to hit 609 points, while the CSE was down 0.5% to 935 points.
Movers on the Venture included NexOptic Technology Corp (CVE:NXO), up 12.5% or $0.06, and Zonte Metals Inc (CVE:ZON), which rose around 15% or $0.05.
On the negative, Hive Blockchain Technologies Inc (CVE:HIVE) pitched down 17.3% or $0.13, while Zenabis Global Inc (CVE:ZENA) lost 5% or $0.09.
10:20am: TSX sets new all-time high in Tuesday morning trading
Canadian markets started off Tuesday with a mixed outlook as the Toronto Stock Exchange continued to post record-level highs.
As of 10am Tuesday, the TSX was trading at 16,626 points, a new record high. The peak comes less than a week after it had reached its previous record high of 16,612 points, continuing the rally that has seen the exchange soar nearly 16% since the beginning of the year.
Strength in cannabis stocks, energy shares and oil prices are largely to thank for the bull run.
The gains did not extend to the rest of Canada’s markets, however, with the TSX Venture Exchange losing around 0.3% to 608 points and the Canadian Securities Exchange off by 1% to 931 points.
Early movers on the TSX included Largo Resources Ltd (TSE:LGO), up around 7% ahead of its release of 1Q 2019 financials. Others were Bonavista Energy Corporation (TSE:BNP) and Extendicare Inc (TSE:EXE), both up over 3%.
Gold and financial stocks lagged in early morning trading. GMP Capital Inc (TSE:GMP) and TMX Group Limited (TSE:T) were both off around 3%, while Gran Colombia Gold Corp (TSE:GCM) and Gold Standard Ventures Corp (TSE:GSV) lost 3% as well.
Light crude oil prices continued to do well, hitting US$66.19, a rise of nearly 1%. Gold lost 0.5% to sit at US$1,268.50.
The Canadian dollar lost 0.5% to sit at US$0.7455.
Global markets: Wall Street starts on the right foot as earnings season rages on
US markets opened in the green Tuesday after a wave of earnings reports before the bell.
Coca-Cola and United Technologies each helped propel the industrials, while Verizon and Procter & Gamble shifted their weight in the opposite direction.
Twitter and Hasbro were two of the biggest beneficiaries during the busiest week of earnings season, each jumping double digits on strong first quarter results. After this week’s barrage of reports,140 S&P 500 companies will have released results, per CNBC.
Meanwhile, housing indicators offered encouraging signs. Home prices grew 0.3% in February, slightly slower than expected, according to the FHFA House Price Index. New home sales jumped to 692,000 in March from 667,000 in February, beating the consensus estimate of 645,000.
The Dow grew 0.1%, 28 points, to 26,538.8. The Nasdaq increased 0.5% to 8,056.6, and the S&P 500 gained 7 points to 2,915.3.
At the small-cap level, the Russell 2000 advanced 5 points to 1,565.5, and the S&P Smallcap 600 ticked up 1 point to 958.2.
In Europe, the London FTSE was having a strong day, up 0.7% to 7,512.1. The French CAC slipped 8 points to 5,572.6, and the German DAX gave back 11 points to 12,211.4.
The Nikkei 225 index added nearly 42 points at 22,259; the Shanghai Composite Index shed around 16 at 3,198.