TSX Gets High As Marijuana Stocks Rally– Canadian Commentary

By | January 2, 2018

Canadian stocks jumped to fresh record highs Tuesday, kicking the brand-new year off with a bang.

The TSX Composite Index rose 95.26 points to 16,304.39, powered by energy and health care stocks.

Marijuana stocks remained red-hot as California legislated leisure puff. Aurora Cannabis surged after reporting record regular monthly sales in November.

Gold stocks also followed rare-earth element rates higher.

Nutrien (NTR.TO) had a strong launching on the TSX. The brand-new company is development of Agrium and Potash, which recently combined.

The Canadian dollar strengthened to 80 cents U.S. for the very first time because October.

Feb. WTI oil fell 5 cents, or less than 0.1%, to settle at $60.37/ bbl.

Overseas, the UK production activity grew highly at the end of 2017, though the pace of growth moderated somewhat, information released by IHS Markit showed Tuesday.

The IHS Markit/Chartered Institute of Procurement & & Supply factory Purchasing Managers’ Index fell to 56.3 in December from November’s 51-month high of 58.2.

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