Canada Stocks Go Where They Had Not Gone Before, A Week After Canadian Shatner Went In To Space

Last Updated: Tuesday, October 19, 2021 4:25 PM | MT Newswires

A week after Canada-born actor, William Shatner, went in to space -- he of Captain Kirk fame, and forever linked with the "Where no man has gone before" spoken phrase at the start of 'Star Trek' -- it was the turn of Canada's main stock market, the Toronto Stock Exchange, to go where it had not gone before on this Tuesday in gaining more than 100 points and hitting all time record intraday and closing highs near 21,087.

The resources heavy index was boosted by higher commodity prices and buying interest across North America in growth sectors and stocks, such as Shopify (SHOP.TO, SHOP) in Info Tech.

Among sectors, Info Tech was up near 1.15%, with Shopify (SHOP.TO, SHOP) up more than 1%. Energy was up 0.5% and Financials up 0.5%.

Of commodities. gold prices rose on Tuesday, as a weaker dollar offset rising bond yields. Gold for December delivery settled up $4.80 to US$1,770.50 per ounce.

Also, West Texas Intermediate crude oil rose for a fourth-straight session to close at a fresh seven-year high as supplies remain tight amid while an improving global economy and rising prices of natural gas and coal in Europe and Asia push demand higher. WTI crude for November delivery settled up $0.52 to US$82.96 per barrel, Marketwatch reported. the highest since the fall of 2014. December Brent crude, the international benchmark, was last seen up $0.87 to US$85.20 while Western Canada Select was up $1.25 to US$68.49 per barrel.

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