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TSX Market Update 2023-02-17

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SP/TSX fell -0.4% (-90.8 pts), closed at 20515 points, fell -0.5% (-97 pts) for the week, fell 2 weeks in a row.

Among the 150 largest-cap stocks, 77 (51%) closed higher. 43% of all TSX stocks ended higher.

In terms of sectors, 7 sectors closed up, 5 sectors closed down, ranging from -2.4% to 1.2%. 7 sectors outperformed the market. The market was down -0.5%; Communication was up 1.2%, the best performer; Energy was down -2.4%, the worst performer.

● CT Real Estate Investment Trust (CRT-UN) largely rose 3% (+$0.49), closed at $16.64, the best % gain in 3 months, also hit a YTD high, rose 4.5% (+$0.72) for the week after a 2-week losing streak, crossed above MA20 ($16.24). The largest increase in volume today.
360miq.com/stockinfo?code=CRT-UN.TO

● Canadian Tire (CTC) soared 7.5% (+$23.5), closed at $336, the best % gain in more than 1 month, also hit a YTD high, rose 12% (+$36) for the week, rose 4 weeks in a row. The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=CTC.TO

● Fairfax Financial (FFH) spiked 7.4% (+$63.87), closed at $932.7, the best % gain in 32 months, also hit a record high, rose 7.5% (+$65.27) for the week, rose 4 weeks in a row.
360miq.com/stockinfo?code=FFH.TO

● Air Canada (AC) largely retreated -8.4% (-$1.95) after a 4-day winning streak, closed at $21.2, the worst % loss in more than 11 months, also a 27-day low, fell -4.2% (-$0.92) for the week, fell 2 weeks in a row, crossed below MA20 ($22.57). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=AC.TO

360miq.com/market?data=TSX#tab-3

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