Stock market: winners and losers of May 13


Published on 05/13/2024 at 4:14 p.m. updated on 05/13/2024 at 6:01 p.m.

(Illustration: Camille Charbonneau)

Canada’s main stock index fell on Monday, while U.S. markets were mixed, awaiting major economic reports to be released in the coming days.

“It’s definitely one of those Mondays where the markets are treading water and will start to swim a little faster in one direction or another later in the week,” said Craig Fehr, head of investment strategy at Edward Jones.

The markets are in “wait and see” mode, he continued.

This week, several major economic data will be released. These include monthly reports on consumer price inflation and wholesale price inflation. Markets will be trying to determine when the US Federal Reserve might start cutting interest rates.

In Canada, where the economy has cooled more quickly, interest rate reductions could occur as early as June.

Here are the winners and losers for May 13, 2024:

The S&P/TSX index of the TSE
Price Change ($CAN) Change (%)
Winners
Discovery Silver (DSV) 1.04 0.09 9,474
Dominion Lending Centers (DLCG) 3.55 0.30 9,231
Optiva (OPT) 6.51 0.51 8.50
Losers

Bitfarms (BITF)

2.19

-0.18

-7,595
TeraGo (TGO) 1.62 -0.13 -7,429

Only titles worth more than $1 are considered in the Winner/Loser ranking.

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