TSX Rises 0.8%, Ends At 1-month High
(RTTNews) - The Canadian market ended on a strong note on Friday, led by gains in healthcare, technology and materials shares.
Several stocks from consumer discretionary, industrials, real estate, financials and communications sectors also posted impressive gains.
The mood in the market remained quite positive right through the day's session amid hopes the central banks will slow the pace of interest rate hikes. Optimism about Chinese economy helped as well.
The benchmark S&P/TSX Composite Index ended with a gain of 161.77 points or 0.8% at 20,503.21, a new one-month closing high.
The Health Care Capped Index climbed nearly 2.5%. Bellus Health Inc (BLU.TO) and Bausch Health Companies (BHC.TO) gained about 4.4% and 4%, respectively. Tilray Inc (TLRY.TO) climbed 2.3%, while Cronos Group (CRON.TO) and Canopy Growth Corp (WEED.TO) both gained about 1.8%.
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