Markets tentative on coronavirus news as blockade pressures Canadian business
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This is part #2 of an exceptional Monday Edition of the Top Picks newsletter. Here are Friday’s Top Picks. We hope you all had a great Valentine’s Day 💕
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Weaker-than-expected job numbers on both sides of the border pressured markets in Toronto and New York on Friday. It’s the latest weak economic data that continues to fuel popular sentiment that the U.S. Fed will cut rates later this month […]
Thursday saw little direction in markets on both sides of the border, though Toronto and New York finished the session modestly weak. The TSX closed -0.23% as sectors were mixed. Staples enjoyed modest gains but were outweighed by losses in […]
To little surprise, the Bank of Canada cut interest rates Wednesday yet again, taking the prime rate down by 25 basis points to 4.25% and signalling further cuts. The TSX initially popped Wednesday morning on the news, then became choppy […]
Markets were flat or lagging for much of Friday until they surged in the dying minutes. Rewind to the morning when Canadian GDP in Q2 came in at 2.1%, as expected, while the U.S. CPE (personal consumption expenditure) number for […]
Nvidia beat late Wednesday in the most-anticipated earnings report of the year, but it wasn’t enough for investors who sold shares down by 6.38% on Thursday. While the S&P was flat and the Nasdaq slipped 0.23%, the Dow closed 0.59% […]
Hi again,
This is part #2 of an exceptional Monday Edition of the Top Picks newsletter. Here are Friday’s Top Picks. We hope you all had a great Valentine’s Day 💕
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