TSX Looks Set To Close On Firm Note As Technology, Consumer Stocks Hold Gains

(RTTNews) – The Canadian industry continues to be quite regular in beneficial territory Tuesday afternoon thanks to sustained shopping for at various counters in technological know-how, buyer and healthcare sectors.

Power and elements shares are weak, monitoring decrease commodity selling prices. Shares from true estate and industrials sectors are faring fairly very well. There are noteworthy gains for a couple financials shares as effectively.

The benchmark S&P/TSX Composite Index is up 93.60 factors or .43% at 21,972.01, just after possessing climbed to a large of 22,010.92 earlier.

The Information Technologies Capped Index is climbing 2.5%. Sierra Wi-fi is surging up 5.4%. Shopify Inc (Store.TO), Nuvei Corp (NVEI.TO), Lightspeed Commerce (LSPD.TO), Hut 8 Mining (HUT.TO), Descartes Programs Group (DSG.TO), Complete Application Corp (ABST.TO) and Enghouse Units (ENGH.TO) are attaining 2.5 to 4.8%.

The Customer Discretionary Capped Index is up 2.3%. Canada Goose Holdings (GOOS.TO), Martinrea Global (MRE.TO), Aritzia Inc (ATZ.TO), Magna International (MG.TO), Brp Inc (DOO.TO), Spin Mater Corp (TOY.TO), Rest State Canada Holdings (ZZZ.TO), Mty Foodstuff Group (MTY.TO) and Gildan Activewear (GIL.TO) are getting 2 to 5%.

Consumer staples shares Loblaw Co (L.TO), Alimentation Couche-Tard (ATD.TO) and High quality Models Holdings Corp (PBH.TO) are up 2.75 to 3%. Maple Leaf Foodstuff (MFI.TO), Jamieson Wellness (JWEL.TO), Weston George (WN.TO) and Saputo Inc (SAP.TO) are gaining 1.5 to 2.3%.

In the Health and fitness Care Index, Bausch Health Providers (BHC.TO) shares are up 4.5%. Cronos Group (CRON.TO), Tilray Inc (TLRY.TO) and Aurora Hashish (ACB.TO) are advancing 1.7 to 2.2%.

Electrical power shares Arc Means (ARX.TO), Nuvista Power (NVA.TO), Tourmaline Oil Corp (TOU.TO), Crescent Point Strength (CPG.TO), Peyto Exploration (PEY.TO), Benefit Oil & Fuel (AAV.TO) and Birchcliff Electrical power (BIR.TO) are down 2.5 to 4%.

First Majestic Silver Corp (FR.TO), down 5.5%, is the most well known losers in the Components Index. Silvercrest Metals (SIL.TO), Teck Assets (TECK.B.TO), Pan American Silver Corp (PAAS.TO), Novagold (NG.TO) and Agnico Eagle Mines (AEM.TO) are decrease by 2 to 3%.

In economic news, housing starts in Canada fell by 2% more than a thirty day period before to 246,243 models in March of 2022, falling shorter of industry expectations of 250,000 units, according to the Canada Home finance loan and Housing Company (CHMC).

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