TSX reaches new high but closes marginally up due to mixed sector performance.

From Nasdaq: 2024-12-04 17:37:24

The Canadian market hit a new high but closed marginally up as losses in energy and consumer discretionary stocks offset gains in technology and industrials sectors. The S&P/TSX Composite Index reached 25,641.18, up 0.02%. Major gainers included Hut 8 Corp, Spin Master Corp, and MDA Space. Royal Bank of Canada reported net income of $16.2 billion, up 11% from the previous year. National Bank of Canada reported a 4% drop in adjusted profit. Dollarama Inc saw a 5% decrease in net earnings. The S&P Global Canada Composite PMI and Services PMI showed growth in November. Productivity in Canada decreased in the third quarter of 2024.



Read more at Nasdaq: TSX Retreats After Posting New High, Settles Marginally Up