The Financial Post reports in its Tuesday edition that Canadian equities closed out 2020 with a slight gain, though they lagged their peers south of the border.
A Bloomberg dispatch to the Post says that the S&P/TSX Composite Index advanced 2.2 per cent this year, while the S&P 500 Index rose 16 per cent. Among the winners
in Canada were Trillium Therapeutics (up 1,308 per cent), Ballard Power Systems (up 221 per cent), and Shopify (up 178 per cent) and Lightspeed POS (up 149 per cent). Gold acted as a haven during the pandemic, with New Gold gaining 143 per cent and Teranga Gold up 95 per cent.
Cargo shipping has hit peak levels, pushing Cargojet up 108 per cent. Lockdowns boosted lumber futures on home renovations, with Canfor adding 89 per cent. Among the losers were Suncor Energy, down 50 per cent, Inter Pipeline down 47 per cent and Cenovus off 41 per cent. Energy stocks lagged as oil briefly turned negative in the early stages of lockdowns along with a Saudi-Russia price war.
Travel bans crushed international flying, with Air Canada shedding 53 per cent. Last, Cominar Real Estate Investment Trust lost 43 per cent as the Quebec REIT looked at strategic alternatives given its office and retail exposure.
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