{"id":30068,"date":"2023-01-12T22:32:40","date_gmt":"2023-01-12T22:32:40","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/01\/12\/tsx-extends-gains-to-5th-straight-day-ends-notably-higher\/"},"modified":"2023-01-12T22:32:40","modified_gmt":"2023-01-12T22:32:40","slug":"tsx-extends-gains-to-5th-straight-day-ends-notably-higher","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/01\/12\/tsx-extends-gains-to-5th-straight-day-ends-notably-higher\/","title":{"rendered":"TSX Extends Gains To 5th Straight Day, Ends Notably Higher"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Canadian stocks turned in a fine performance on Thursday as data showing a drop in U.S. consumer prices inflation in the month of December raised expectations the Federal Reserve will slow down the pace of its interest rate hikes in the coming months.<\/p>\n<p>The benchmark S&amp;P\/TSX Composite Index ended with a gain of 186.15 points or 0.93% at 20,211.20.<\/p>\n<p>Healthcare and energy stocks rallied sharply. Materials, real estate, financials and communications shares were also among the prominent gainers.<\/p>\n<p>The Health Care Capped Index surged 3.61%. Tilray Inc (TLRY.TO) soared 8.37%, Canopy Growth Corp (WEED.TO) climbed nearly 7% and Bellus Health (BLU.TO) rallied 5.4%. Cronos Group Inc (CRON.TO) ended with a gain of 2.4%.<\/p>\n<p>The Energy Capped Index climbed 3.07%. Advantage Oil &amp; Gas (AAV.TO), MEG Energy (MEG.TO), Nuvista Energy (NVA.TO), Peyto Exploration (PEY.TO), Tourmaline Oil Corp (TOU.TO), Parex Resources (PXT.TO) and Birchcliff Energy (BIR.TO) gained 5 to 7%.<\/p>\n<p>Among materials shares, K92 Mining Inc (KNT.TO) rallied 6.2%. Lithium Americas Corp (LAC.TO), Labrador Iron Ore Royalty Corp (LIF.TO), Algoma Steel Group (ASTL.TO), Osisko Mining Inc (OSK.TO), Filo Mining (FIL.TO) and Hudbay Minerals (HBM.TO) ended higher by 3 to 3.5%.<\/p>\n<p>Data released by the Labor Department showed U.S. consumer price index edged down by 0.1% in December after inching up by 0.1% in November. Economists had expected consumer prices to come in unchanged.<\/p>\n<p>The report also showed the annual rate of consumer price growth slowed to 6.5% in December from 7.1% in November, in line with expectations. The annual growth was the slowest since October 2021.<\/p>\n<p>The annual rate of core price growth slowed to 5.7% in December from 6% in November. The year-over-year growth was also in line with expectations. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>TSX Extends Gains To 5th Straight Day, Ends Notably Higher<\/a><br \/>\n<br \/>2023-01-12 22:32:40<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian stocks turned in a fine performance on Thursday as data showing a drop in U.S. consumer prices inflation in the month of December raised expectations the Federal Reserve will&#8230;<\/p>\n","protected":false},"author":2,"featured_media":30069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-30068","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/30068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=30068"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/30068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/30069"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=30068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=30068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=30068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}