After the close with Allan
WTI crude jumped 4.6% as tensions in the Middle East rose Wednesday after reports that the U.S. will evacuate its Iraqi embassy in Iraq, given heightened security concerns. WTI nearly touched US$68 a barrel and was instrumental in lifting the […]
As China and the U.S. entered the second day of trade talks in London, markets edged higher in hopes of a resolution. The S&P rose 0.55%, the Nasdaq 0.63% and the Dow 0.25%, all reaching towards their all-time highs. Intel […]
The week began in a holding pattern in stock markets as trade negotiations are underway in London between the U.S. and China. The S&P and Dow were flat while the Nasdaq climbed 0.31%. The U.S. 10-year slipped modestly to 4.476%. […]
The week ended with the TSX surpassing a high made only three days earlier. The Canadian index rose 0.3% Friday to 26,429, led by tech and energy. Materials was the weakest sector. Key movers were Algoma Steel surging 10.76%, Shopify […]
A strong performance in several mineral stocks lifted the TSX by 13 points on Thursday to approach record highs. Energy was actually the strongest sector while healthcare and tech were the weakest. Major movers on Bay Street were First Majestic […]
Wednesday saw Trump resume his on-again, off-again tariff war as he doubled steel and aluminum tariffs to 50%. Prime Minister Mark Carney hinted at retaliation. Meanwhile, mixed signals in the wider economy led the Bank of Canada today to hold […]
Wall Street looked past the recent OECD downgrade of U.S. growth to pin its hopes on the U.S. and China talking trade this week. The sentiment lifted the S&P by 0.58%, the Nasdaq by 0.81% and the Dow by 0.51%. […]
The week began with oil prices surging nearly 4%, due to tensions between Russia and Ukraine and expected higher demand. These tailwinds offset OPEC’s plan to increase oil supply. WTI jumped to US$63.10 a barrel and, along with minerals, lifted […]
A sudden break in trade talks between the U.S. and China chilled markets Friday. This comes on the heels of a high U.S. court ruling that most of Trump’s tariffs are illegal in the first place which Trump resisted and […]
Wednesday night, a U.S. court struck down nearly all of Trump’s tariffs, stating that he never had the authority to impose them in the first place. Futures jumped 2% immediately, but by Thursday’s close the U.S. indices barely gained ground. […]
The TSX added 14 points to make a new closing high, though sectors were mixed. Materials outperformed while energy lagged the most. Key movers: CNQ -1.16%, Aya Gold and Silver 4.69%, NFI 3.03% and Spin Master -3.41%. Canadian bank earnings […]
Tuesday was a banner day on Bay Street as REITs led the TSX 0.7% higher to a record close of 26,269. InterRent REIT was bought out, sending its shares soaring 14.75% and lifting fellow REITS, Killam by 7.46% and Canadian […]
Wall Street was closed for Memorial Day, but that didn’t stop Bay Street from gaining 0.75% on an across-the-board rally. Tech, discretionary and real estate led all sectors higher. Helping sentiment was Trump postponing till July 9 tariffs on the […]
The week ended with Trump threatening the E.U. with 50% tariffs and Apple with 25% for not building its iPhones in the U.S. Though closing higher than the weakest parts of the session, the S&P still ended Friday -0.67%, the […]
Lingering worries over America’s soaring debt kept the Dow and S&P flat on Thursday as the Nasdaq inched up 0.28%. The U.S. 10-year yield hovered around 4.539%. Key stock names were Seagate, popping 4.24%, Tesla 1.92%, Enphase Energy -19.63% and […]
Wall Street sold off as investors worried about ever-rising U.S. debt levels. Treasury yields climbed, with the 10-year reaching 4.593%. The S&P closed -1.61%, the Nasdaq -1.41% and the Dow -1.91% or over 800 points. Key names included Tesla at […]
Canadian stocks returned to business after Victoria Day to post a new high. Minerals largely pushed the TSX 0.32% higher to 26,055. Staples also helped while tech lagged the most. Major movers were New Gold, jumping 8.56%, B2Gold 8.5%, Equinox […]
With Canadian markets closed for Victoria Day, American stocks initially sold off on Monday after Moody’s downgraded the U.S.’s credit rating. Also, the White House stated that its original tariffs could return after the 90-day pause. However, the main indices […]
It was a winning week for Canadian stocks as the TSX made another new closing high Friday, up 0.29% to 25,972, and rallied 5.25% for the week. All but materials gained on Friday as discretionary, real estate and especially health […]
Optimism fueled the TSX as it made a new record close on Thursday of 25,897 after rallying 0.8% or 205 points. Every sector gained, except energy. The strongest areas were staples, industrials and healthcare. Major movers were MDA Space soaring […]
Wednesday’s markets saw further gains, led by tech, but trading was more mixed than the day before. The TSX rose 0.3% only on the strength of industrials and tech while materials and healthcare led eight sectors downwards. Move active were […]
Markets in Toronto and New York modestly extended Monday’s gains, with tech once more leading the way. A catalyst was U.S. consumer inflation coming in slightly lighter than expected, up 0.2% in April to reduce the annual increase from 2.4% […]
The trading week began with the U.S. and China announcing both sides would slash tariffs for 90 days as they negotiate an end to the trade war. Markets rocketed on the news, led by tech. On Monday, the Nasdaq soared […]
As the trade war begins to thaw amid early trade talks, Canadian markets outperformed their American peers on Friday and during the week. The TSX rose 0.36% on Friday on the strength of outsized gains in materials, telcos and energy […]
Markets in New York and Toronto rallied Thursday on word from Washington that a trade deal between the U.S. and U.K. was in the works. Investors hoped that this marked a turning point in the global trade war that Trump […]
