Sunday , March 26 2023

Close: TSX's profit in energy is higher than marijuana



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Canada's major stock index negatively impacted energy resources in marijuana on Monday, despite oil prices being imposed on new sanctions against Iran.

In the nearest time, the S & P / TSX Composite Index of the Toronto Stock Exchange has increased by 98.42 points (0.65%) to 15,217.70.

Eight major sectors of the index are high, which is due to an increase of 4.4% in health funds and 2% in energy resources.

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Canopy Growth increased by 7.7 percent in health care group, Bausch Health Companies Inc., former Valeant, rose 5.7 percent on Tuesday. Aurora cannabis reached 3.3 percent.

Oil prices were interrupted on Monday after a five-day recession, as the US officially imposed sanctions on Iran, but eight countries have temporarily banned buying oil from Islam. Sanctions are part of US President Donald Trump's efforts to end Iran's missile and nuclear programs and mitigate its influence in the Middle East.

The price of Brent crude oil futures rose 34 cents to reach 73.17 US dollars per barrel. The futures for US futures for WTI fell by 4 cents to 63.10 dollars per barrel. In the beginning of October, two lubricants after four years of high altitude exceeded 15 percent.

Baitec Energy grew by 7.5%, Paramount Resources – by 6.8%. Encana rose by 3.6%.

Consumer reserves grew by 2.2 percent because Loblaw was 4.8 percent, Metro Inc. Increased by 3.6%.

Nevertheless, technological inventories decreased by 1.1% and the sector of materials containing valuable metallurgical mines decreased by 0.9%, as gold and copper prices last week profited from investors' profits.

On Monday, Canadian Governor Stephen Polos noted that the market is normal, not market fluctuations, and uncertainties over the US dollar and above the stronger yields than long-term bonds.

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Speaking to a business audience in London, Mr. Poloz complained that he was too optimistic about the recent turbulence in capital markets, including economic forecasts, including the Canadian central bank.

When banks start to generate ten years of incentive value, long-term bonds yields rising, returns to volatility of capital markets and the US dollar is getting stronger to show the prosperity of the American economy.

Canadian dollar was slightly higher than in the US on Monday at 76.26 cents.

Wall Street stock indexes were mostly on the eve of interim presidential elections in the US on Monday to determine whether the Republican Party of America's President, Donald Trump, was under the congress and was far from meeting Federal Reserve Policy makers.

On the eve of the US Congressional elections on Monday, S & P 500 took prudence and invested heavily in financial, energy and defense spheres.

The average price of Dow Jones Industrial Average increased by 191.07 points (0.76%) to 25,461.9, while S & P 500 increased by 15.26 points or 0.56% to 2,738.32, but Nasdaq Composite decreased by 28.14 points or by 0.38% to 7 328.85.

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This year, the energy sector, which hampers the S & P 500, has risen by 1.6 percent after imposing a series of sanctions against Iran in the United States.

"At any time, utility services and consumer staples are a little scary … it's a part of the world according to Iran's sanctions and it does not match it," says Kim Fortress, senior portfolio manager at Fort Pit Capital Capital. Pittsburgh.

The day before the US mid-term election, the investor was pressured by industry, technology, communications and consumer preferences.

"Despite your political background, you do not know what will happen on Tuesday, which will provide security in a few years," says Forrest.

Polls showed the President's influence on the Senate Republican Party of the Party, but the House of Representatives lost control of the Democrats – a key obstacle to Trump's business agenda, which was the main driving force after the stock market rally. Elections in 2016.

"Not Congress or Senate," said Gregory Perdon, investment adviser to Arbuthnot Latham, "not the market, it's a volatility of the Trump," says the congress.

The 11 major industry indexes of the S & P 500 include the real estate sector of 1.9% and its highest interest rate. Communal services grew by 1.3%, and consumer staples – by 1.2%.

The Nasdaq index has been abused by the fall of Apple and Amazon. The 2.8 percent drop in Apple shares, according to Nikkei, was the fastest in the Nasdaq Company, suggesting its smartphone developers to stop further plans for additional iPhone XRs.

After a two-day loss from January 2013, the company cut its festive quarterly forecast by 6.6 percent on Friday.

Barthyrus Hathaway grew by 4.7 percent after heading the billionaire Warren Buffett conglomerate.

The S & P financial index rose by 1.4 percent compared to the two-day monetary policy meeting after the Sberbank's Federal Reserve. Citigroup was 2.1 per cent, J. P. Morgan Chase rose by 0.7 percent.

Investors worried about tightening US monetary policy, especially after Friday's Friday report, following strong economic data.

Wednesday and Thursday, at the Federal Reserve, investors also worried about the prospects for tightening US monetary policy after strong economic data.

The 10-year benchmark benchmark was the last 3,2027 percent, after Friday's 3,214 percent. 30-year bonds were at 3.4343 percent last Friday, at 3.454 percent on Friday.

Reuters files

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