Canada's main stock index surged to a record high at open on Thursday, as miners rose on the back of stronger gold prices.
The S&P/TSX Composite jumped 141.65 points to greet noon Thursday at 21,603.58
The Canadian dollar plummeted 0.64 cents at 79.43 cents U.S.
Barrick Gold jumped 39 cents, or 1.5%, to $25.96, to help lead the gold sector, while Fortis fell 48 cents to $56.48.
Political leaders in Ontario have suspended a plan to lift restrictions on the number of people who can congregate in restaurants, bars and other settings, saying a cautious approach was needed with a rise in COVID-19 infections.
ON BAYSTREET
The TSX Venture Exchange rebounded 19.68 points, or 2%, to 1,002.20.
All but three of the 12 TSX subgroups remained higher midday with gold soaring 2.8%, while materials and health-care each surged 2.7%.
The three laggards were utilities, which fell 0.7%, real-estate, sliding 0.5%, and communications, down 0.4%.
ON WALLSTREET
U.S. stocks moved higher Thursday after hot inflation data and surging bond yields sparked a sell-off in technology stocks Wednesday.
The Dow Jones Industrials backed off 83.61 points, to begin Thursday at 35,996.33, led to the downside by Disney’s 6% drop.
The S&P 500 recovered 9.29 points to 4,656.
The NASDAQ Composite 117.55 points to 15,740.26.
Nvidia and AMD each added more than 1%. Big Tech stocks like Facebook-parent Meta and Google-parent Alphabet both rose.
On the downside, Disney shares fell more than 6% after the media giant missed on the top and bottom lines of its quarterly results. Disney+ subscribers also came in short of estimates.
The bond market is closed Thursday for Veterans Day.
Oil prices gained 71 cents to $82.05 U.S. a barrel.
Gold prices added $16.50 to $1,864.90 U.S. an ounce.
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