Canada Stocks Make It Four Winnings Days In A Row

Thursday, November 26, 2020 4:10 PM | MT Newswires

Canada's main stock market, the Toronto Stock Exchange, made it four winning days in a row on Thursday in closing up another 38 points, adding to the near 290 points gained in completing a hat trick of wins over the first three days of the week, and taking the overalll index to the 17,350 level.

This leaves the TSX up about 1.7% for the year to date. Which might not appear to be much, but it was only last week that the index returned to the green for 2020 having fallen dramatically from record highs early in the year to lows of the year in March.

Among heavyweight sectors, BNN Bloomberg TV noted Financials are down about 2.6% for the year to date, ahead of the bank earnings season starting next week. Energy stocks are down 28% for the year.

But Industrials in Canada are outperforming, up 14% in the year to date, as investors switch in to cyclical and/or value stocks. And Materials are up 15.8% year to date.

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