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Stock impact report

CANADA STOCKS-TSX hits record high as rate cut hopes fuel broader gains [Yahoo! Finance]

Iamgold Corporation Ordinary Shares (IAG) 
Last iamgold corporation ordinary shares earnings: 2/19 05:25 pm Check Earnings Report
Company Research Source: Yahoo! Finance
By Purvi Agarwal May 10 (Reuters) - Canada's main stock index hit a record high on Friday, boosted by healthcare stocks amid a broader rally, as the index was poised to end the week higher on renewed interest rate cut optimism. At 9:59 a.m. ET (13:59 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 62.5 points, or 0.28%, at 22,438.33. The index saw broader gains, with nine out of eleven sectors trading in the green. Materials shares gained 0.9%, pulled up by miners like IAMGOLD Corp that rose 6.5% as gold prices traded at over two-week highs. Healthcare shares rose 1.5% pulled up by a 3.8% rise in seniors' living provider Sienna Senior Living following its first-quarter results. "Sentiment has been positive over the last week, as there's renewed optimism for a rate cuts prior to the end of the year, on strong economic news globally and weaker U.S. jobs numbers," said Wes Ashton, senior portfolio manager at Harbourfront Wealth. Data on Thursday showed th Show less Read more
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