TSX Moves Slightly Ahead to Conclude Quiet Session

The TSX Composite Index gained 20.35 points to close Thursday at 22,244.02.

The Canadian dollar took on 0.12 cents to 73.46 cents U.S.

In corporate news, Orla Mining filed a request for arbitration against the Government of Panama under the Canada-Panama Free Trade Agreement (FTA), seeking damages of no less than $400 million.

Shares in Orla ended the session unchanged at $5.29.

Communications proved one of the leaders of the surge, with Cogeco Communications gathering 60 cents, or 1.2%, to $52.10, while TELUS Corp. picked up 15 cents to $20.71.

In health-care issues, Bausch Health Companies tacked on six cents to $9.50, while Chartwell Retirement Residences took on 10 cents to $13.22.

Energy stocks gained strength, with IPCO ahead 35 cents, or 1.8%, to $19.69, while Mattr Corp. added 31 cents, or 1.8%, to $17.50.

In financials, goeasy Ltd. slid 20 dollars, or 9.8%, to the bottom of the TSX, at $185.00 after announcing its top boss Jason Mullins will transition out of his role.

Elsewhere, EQB sank $1.25, or 1.3%, to $94.19, while Brookfield Corporation dipped 43 cents to $58.77.

Industrials were hit hard, as Air Canada lost 24 cents, or 1.4%, to $17.56, while CAE fell 26 cents ,or 1%, to $25.99.

Oil prices recovered 18 cents to $84.06 U.S. a barrel.

Gold prices skidded $4.10 to $2,365.30


The TSX Venture Exchange regained 3.61 points to conclude Thursday at 579.88.

All but two of the 12 TSX subgroups were in the green, as communications sprinted 0.7%, while health-care stocks jumped 0.5%, and energy stocks surged 0.4%.

Industrials and financials each dipped 0.1%.


American markets were shuttered for the Fourth of July holiday.

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