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TSX Solid by Noon
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Baystreet

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Image Credit: Baystreet

TSX Solid by Noon

  • Canada's main stock index, the TSX Composite Index, rose 119.92 points to 24,187.85, driven by surging gold prices and a steady interest rate from the Bank of Canada.
  • Parkland, an oil and gas company, announced the resignation of its President and CEO, Bob Espey, resulting in a 2.1% dip in the company's shares.
  • On Wall Street, the S&P 500 declined as Nvidia's warning about exporting graphics processing units to China impacted global tech stocks.
  • Nvidia's shares dropped 6%, while other chipmakers like AMD and Micron Technology also saw declines. Big tech companies, including Meta Platforms, Alphabet, and Tesla, also felt the pressure.

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