Canada’s stock market reaches another record high at closing

The United States and Canada’s stock markets touched high records on Tuesdays at closing, led by news of big deals.
At closing on Wall Street, the three major stock indexes all hit new highs. The Nasdaq gained 27.37 points to end at 5,865.95, the Dow Jones industrial average increased by 114.88 points to close at 20,7838.93 and the S&P 500 rose to 14.01 points to reach 2,365.17.
After reaching a deal to purchase Popeyes Louisiana Kitchen for $1.88 billion US., parent company of Burger King and Tim Hortons, Restaurant Brands shares rose up over 7%, mounting $4.98 to $75.65 on the Toronto Stock Exchange. Popeyes shares increased more than 19% on Nasdaq, gaining $12.61 to close at $78.73.
After Unilever rejected its $143-billion merger offer with Kraft Heinz, Heinz shares fell back $1.78 to end at $94.87 US. Nonetheless, Kraft Heinz may still be considering to make another deal as stocks of other food and household goods makers rose on the expectation.
The maker of Oreo, Mondelez shares increased 5.8% on Nasdaq, ending at $2.47 at $44.97 US. Smuckers grew more than 4%, gaining $6 US to close at $141.92 US.
As the firms agreed that Yahoo will take a $350 million US hit on its recently announced $4.8 billion US sale to Verizon, Yahoo shares gained 40 cents to end at $45.50 US whereas Verizon’s stock added 24 cents to close at $49.43.
From Friday’s closing, the Canadian dollar shed 0.22 of a U.S. cent, ending at 76.12 cents US.
On commodities markets, the price for light sweet crude for April delivery rose by 55 cents to close at $54.33 US per barrel.