TSX Hits New All-time High

(RTTNews) - The Canadian market climbed to fresh record high on Thursday, lifted by gains in energy, healthcare and industrials shares.

The mood remained positive right through the day's session, in line with U.S. and European markets, amid optimism about growth.

The benchmark S&P/TSX Composite Index, which scaled a fresh record high of 20,818.42 in the session, ended with a gain of 105.54 points or 0.51% at 20,795.12, a new closing high.

Energy stocks rose sharply on higher crude oil prices. The Capped Energy Index surged up 3.3%. Parex Resources (PXT.TO), up 8.25%, was the top gainers. MEG Energy (MEG.TO), Cenovus Energy (CVE.TO), Enerplus Corp (ERF.TO), Canadian Natural Resources (CNQ.TO) and Vermilion Energy (VET.TO) gained 4.3 to 6%.

In the industrials section, Cae Inc (CAE.TO) gained 4.2%, SNC-Lavalin (SNC.TO) climbed 3.8% and Aecon Group (ARE.TO) gained 3.35%. Canadian Pacific Railway (CP.TO) gained 2.2%.

Among healthcare shares, Organigram Holdings (OGI.TO) climbed 4.3%, Canopy Growth Corp (WEED.TO) ended nearly 3% up, and Aurora Cannabis (ACB.TO) gained 2.5%. Cronos Group (CRON.TO), Bausch Health Companies (BHC.TO) and Tilray Inc (TLRY.TO) ended higher by 1.6%, 1.5% and 1.1%, respectively.

BRP Inc. (DOO.TO) shares soared more than 11% after the company reported second-quarter net income of C$212.9 million or C$2.46 per share, up from last year's C$126.1 million or C$1.43 per share. Revenues increased by 54% to C$1.90 billion in the second-quarter from C$1.23 billion a year ago.

Data released by Statistics Canada this morning showed Canada posted a trade surplus of C$ 0.78 billion in July of 2021, compared to a downwardly revised surplus of C$ 2.56 billion in the prior month.

Another data from Statistics Canada showed the value of building permits in Canada fell 3.9% over a month to C$ 9.9 billion in July, following an upwardly revised 7.2% increase in the previous month.