Batis Exchange
Since reaching a peak near $225 per share, the stock has given back much of its early gains and is now trading roughly 14% above its IPO price of $135. During its post-IPO rally, SpaceX briefly became one of the most valuable publicly traded companies in the world.
Statistics Canada reported that retail sales increased by 0.5% in April, reaching $73 billion. The gain was largely driven by stronger spending at fuel retailers and motor vehicle dealerships.
U.S. stock markets continued their upward momentum on Wednesday, with major indexes reaching fresh record highs as falling oil prices boosted investor confidence.
The Canadian dollar and U.S. dollar remained locked in a relatively narrow trading range following the latest policy announcements from the Federal Reserve and the Bank of Canada.
