Trump slump continues

Markets in Toronto and New York continued to sell-off Tuesday, though less dramatically than the session before, as the tariff war ensues. The TSX declined 0.54% or 132 points as only materials and one other sector gained. Staples and healthcare […]

Markets nosedive on Trump comments

Monday’s trading session reacted to statements Trump made over the weekend, when he refused to rule out a recession amid his tariffs’ effects on markets. By Monday’s closing bell, the Nasdaq tanked 748 points or 4.11% in its worst session […]

Tariff war pressures markets for the week

Markets on Friday modestly climbed, but not enough to rescue them from a negative week. Blame tariffs. Trumps’s latest proclamation is threatening Canada with heavy tariffs on dairy and lumber, perhaps as soon as today. The ever-changing situation has triggered […]

Markets fade to end the week down

Allan Tong Posted On February 7, 2025

January’s unemployment numbers were released on Friday with U.S unemployment falling to 4.0%, but adding fewer jobs than expected, while Canadian unemployment declined from 6.8% to 6.6% In the backdrop were ongoing earnings and Trump’s tariffs, which are deferred (for now). The S&P and Dow both fell nearly 1% on Friday, but the S&P closed the week 0.24% lower while the Dow fell 0.54%. The Nasdaq sank 1.36% on Friday and lost 0.53% for the week.

Beating were Expedia, soaring 17.27% and Cloudflare which jumped 17.76%. Meanwhile, Amazon disappointed and sank 4.05% while Tesla slid 3.39% and Super Micro Computer rallied7 .21% The U.S. 10-year yield held around 4.493% as Bitcoin declined 0.83% to trade below US$96,000.

The TSX slipped 0.36% for both the session and the week. Energy was the only area to enjoy gains as WTI climbed 0.55% to US$71. Gold continued its winning stream by advancing US$6 to US$2,862. The telcos and health lead the laggards as BCE slid 6.17% and Telus sank 1.53. CNQ closed -1.53%, Open Text -5.89% and ARC Resources climbed 5.07%.

✈ Expedia (EXPE-Q) +17.27%

💻 Cloudflare (NET-N) +17.76%

📦 Amazon.com, Inc. (AMZN-Q) -4.05%

🚗 Tesla Inc (TSLA-Q) -3.39%

💾 Super Micro Computer (SMCI-Q) +7.21%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.83%

📱 BCE Inc. (BCE-T) -6.17%

📱 Telus Corp (T-T) -1.53%

🛢 Canadian Natural Rsrcs (CNQ-T) -1.53%

💾 Open Text (OTEX-T) -5.89%

🛢 Arc Resources Ltd (ARX-T) +5.07%