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S&P/TSX Composite Index

15,144.88 real time data change up
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Change: 11.76 (0.08%)

S&P/TSX Venture Composite Index

624.34 real time data change up
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Change: 5.13 (0.83%)
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6:06 PM EDT, July 12, 2018
All-time record day for TSX

Equities in Canada's largest marketplace surpassed another all-time record on Thursday, as all sectors pitched up by strong, positive showings.

The S&P/TSX Composite Index popped 150.1 points to end Thursday's session at 16,567.42

The Canadian dollar tacked on 0.29 cents at 75.98 cents U.S.

Tech stocks showed the brightest colours, as BlackBerry gained 20 cents, or 1.5%, to $13.24, while Constellation Software galloped $45.79, or 4.3%, to $1,106.32

In consumer staples, Restaurant Brands galloped $1.26, or 1.5%, to $84.36, while Saputo gained 26 cents to $44.97.

Telecoms also prospered, as BCE gained 78 cents, or 1.4%, to $55.98, while Rogers Communications jumped $1.10, or 1.7%, to $65.56.

The Canada Pension Plan Investment Board said it will invest in China's rental housing sector with local property developer Longfor Group, with an initial targeted investment of $817 million.

On the economic docket, Statistics Canada said Canadian new house prices remained unchanged on a national basis in May, for a third consecutive month.

ON BAYSTREET

The TSX Venture Exchange gained 0.78 points to 728.97.

All 12 TSX subgroups were in the green Thursday, as information technology surged 3%, consumer staples improved 1.8%, and telecoms vaulted 1.5%

ON WALLSTREET

The major stock indexes rebounded Thursday as a rally in some of Wall Street's largest technology names carried the Nasdaq Composite to an all-time high at the start of the corporate earnings season.

The Dow Jones Industrials catapulted 224.44 points higher to 24,924.89, with Cisco Systems and Intel as the best-performing stocks in the index

The S&P 500 spiked 24.27 points to 2,798.29, with tech and industrials outperforming.

The NASDAQ climbed 107.31 points, or 1.4%, to 7,823.92, as Facebook and Amazon, both reached all-time highs. Microsoft and Alphabet also hit intraday records. Netflix did not participate in the broad tech rally, however, falling more than 1%

Investors also shifted their focus toward earnings and data, taking a breather from trade war concerns. On the earnings front, Delta Air Lines reported better-than-expected quarterly results. Wall Street expects strong numbers from Corporate America, with experts forecasting 20% earnings growth for the second quarter.

Economically speaking, U.S. weekly jobless claims fell to 214,000 last week and the consumer price index rose at its fastest pace in six years.

Overseas, the Chinese commerce ministry said Thursday that China has not been in touch with the U.S. about restarting trade talks, but noted that China does not want a trade war. A spokesman for the ministry said, however, China does not fear a trade war.

Prices for the benchmark for the 10-year U.S. Treasury eased backward, raising yields to 2.85% from Wednesday 2.84%. Treasury prices and yields move in opposite directions.

Oil prices let go of 15 cents to $70.23 U.S. a barrel.

Gold prices gained $2.60 to $1,247.00 U.S. an ounce.



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