Published ago 33 minutesupdated ago 17 minutes
(Illustration: Camille Charbonneau)
The Toronto Stock Exchange closed Thursday with a gain of almost 300 points, benefiting from a broad-based rally fueled by stocks in the base metals sector and the rise in crude oil prices.
After a slow but steady progression, the price of oil crossed the US$90 per barrel threshold on Thursday. While demand isn’t necessarily booming, production cuts have helped keep supply tight, said Michael Currie, senior investment advisor at TD Wealth Management.
Oil plays an important role in inflation, Mr. Currie continued. In its latest rate decision, the Bank of Canada said it expects rising oil prices to keep inflation high in the near term.
Here are the winners and losers for September 14, 2023:
| The S&P/TSX index of the TSE | Price | Change in Canadian dollars | Change in % |
| Winners | |||
|
Nano One Materials (NANO)
|
2.74 | 0.35 | 14,644 |
| Theratechnologies (TH) | 3.16 | 0.35 | 12,456 |
| Taseko Mines (TKO) | 2.00 | 0.22 | 12.36 |
| Losers | |||
|
Dye & Durham (DND)
|
16.45 | -3.86 | -19.005 |
| Ivanhoe Electric (IE) | 18.24 | -2.84 | -13,472 |
| Laurentian Bank of Canada (LB) | 31.40 | -4.47 | -12,462 |
Only titles worth more than $1 are considered in the Winner/Loser ranking.
