Canadian Stocks

Canadian Stocks Close Near Record

Canadian stocks shut close to a record high in the midst of higher oil costs and retail good faith, with everything except one area in the green. The S&P/TSX Composite Index picked up 34 indicates or 0.2 percent 16,108.09, the most elevated in almost three weeks. The week after week pick up was 0.7 percent.

Consumer discretionary stocks included 0.6 percent as Black Friday bargains attracted customers to blocks and-mortar stores. Dollarama Inc. rose 1.2 percent.

The energy sector increased 0.3 percent as the cost of rough hopped 1.6 percent. Russia and OPEC have apparently achieved the layout of an arrangement to expand generation cuts.

In other moves:

Stocks

Aurora Cannabis Inc. jumped 7.4 percent and CanniMed Therapeutics Inc. fell 1.3 percent. Aurora launched a hostile takeover bid for CanniMed, while CanniMed said Aurora’s share price is inflated

The Stars Group Inc. rose 1.1 percent after reaching a deal to sell its holdings of NYX Gaming Group Ltd. to Scientific Games Corp.

Empire Co. Ltd. gained 1.1 percent. The Globe and Mail reported that the Sobeys grocery chain, owned by Empire, is cutting 20 percent of its office staff

Commodities

Western Canada Select crude oil traded at a $17.25 discount to WTI

Aeco natural gas traded at a $1.42 discount to Henry Hub

Gold fell 0.4 percent to $1,291.80 an ounce

FX/Bonds

The Canadian dollar was unchanged at C$1.2713 per U.S. dollar

The Canada 10-year government bond yield fell one basis point to 1.89 percent