Daily

With the U.S. government still shut down, no new economic data was released on Friday. Markets responded by extending their rally. The S&P added only 0.1% and the Dow 0.51%, both to new highs, while the Nasdaq slipped 0.28%. For […]

New York and Toronto closed at record highs again, ignoring the second day of the U.S. government shutdown. As Republicans and Democrats dig in their heels, the S&P inched 0.06% higher, the Nasdaq 0.39% and the Dow 0.17%. Also closing […]

Wall and Bay streets ignored the first U.S. government shutdown in seven years and instead focused on the latest American jobs report. Last month, the private sector unexpectedly lost more jobs than expected, which fueled hopes of more interest rate […]

Tuesday markets wobbled, but managed to close in the positive as North American markets face a likely U.S. government shutdown. The Dow crept 0.18% higher to make a record close while the S&P added 0.41% and the Nasdaq 0.3%. Health […]

The TSX made a record close of 29,971 to start to week after rallying 0.71%. All but energy enjoyed gains, led by materials, staples, tech and especially healthcare. The Canadian exchange wasn’t the only thing getting high on Monday. Cannabis […]

It was a week of record highs and slumps that ended on a positive note. While the TSX gained 10 points on Friday, the S&P advanced 0.59%, the Nasdaq 0.44% and the Dow 0.65%. Friday’s gains, however, couldn’t lift the […]

While the TSX lost only 24 points on Thursday, the main American indices continued to slump. The catalyst was an unexpected drop in jobless claims, plus an uptick in U.S. consumer spending in April through June. This casts doubt that […]

Markets extended losses Wednesday as all the major indices lost ground. The S&P closed -0.28%, the Nasdaq -0.33%, the Dow -0.37% and the TSX -0.2%. In Toronto, sectors were mixed as energy and healthcare led while real estate and materials […]

Markets retreated from consecutive sessions of record highs. On Tuesday, the S&P closed -0.55%, the Nasdaq -0.95%, the Dow -0.19% and the TSX -0.42%. While the U.S. 10-year yield hovered around 4.11%, gold added US$17 to US$3,763, WTI jumped 2.25% […]

The week began where the previous one ended, with stocks marching to record highs. The TSX added 176 points or 0.59% to 29,944, while the S&P rose 0.44%, the Dow 0.14% and the Nasdaq 0.7%. Aiding this momentum was gold, […]

Fresh off an interest rate cut in Canada and the U.S., markets reached yet another record close to cap off a winning week, fueled by apparent progress in China-U.S. trade talks. The TSX rallied 1.07% to a new high of […]

A day after the Canadian and American central banks cut interest rates by 25 basis points–and the U.S. Fed penciling in two more this year–the major indices in Toronto and New York rallied to record highs. On the strength of […]

To no one’s surprise, the Bank of Canada on Wednesday cut the key lending rate by 25 basis points to 2.5% while the U.S. Fed followed suit at 25 points to 4.0-4.25%. Fed Chair, Jerome Powell, also penciled in two […]

The major indices in Toronto and New York stepped back on Tuesday on the eve of interest rate announcements by the central banks. Both the Bank of Canada and the U.S. Fed are expected to cut their key lending rates […]

The TSX, S&P and Nasdaq made record closes on Monday, following last week’s peaks and ahead of the U.S. Fed’s interest rate decision on Wednesday. The TSX advanced 0.4% to 29,401, lifted by consumer discretionary and energy, though staples suffered […]

Markets ended a positive week with mixed results after investors baked in a likely interest rate cut by the U.S. Fed later this month to slow down gains. The S&P was essentially flat, down three points, the Dow slipped 0.5%, […]

On Thursday, Prime Minister Carney announced that Ottawa will fast-track five infrastructure projects, including LNG in Kitamat, B.C. The news boosted the industrials sector and the TSX itself which rallied 0.78% to a record high of 29,407. Eight sectors gained, […]

Oracle reported and delivered an aggressive forecast, rocketing shares by 35.95% on Wednesday. Its performance lifted the S&P to a record close after rising 0.3% as well as the Nasdaq, which inched up six points. In contrast, the Dow lipped […]

Investors looked past the latest weak U.S. jobs numbers and nudged markets on Wall and Bay street to record closes. The S&P added 0.27%, the Nasdaq 0.37%, the Dow 0.43% and the TSX by 32 points to 29,059. The U.S. […]

The trading week began with mild losses on Bay Street and mild gains on Wall Street, but a record close for the Nasdaq. The tech-heavy index climbed 98 points to 21,798 while ongoing market jitters drove gold to ever-new highs […]

The TSX made another record close after rising 164 points to 28,915 on Thursday. Bullish sentiment south of the border drove eight Canadian sectors higher, led by real estate and discretionary, while energy lagged the most. High flyers on Bay […]

The TSX rose 135 points to close at a new record high of 28,751. Strong gains in staples and tech led eight sectors higher, while energy led the laggards. Alimentation Couche-Tard reported a strong beat which sent its shares jumping […]

U.S. investors returned from summer holidays, wiped the sunblock from their eyes and sold. They were worried over inflation, Trump’s tariffs and interest rates. The first session after Labour Day saw the S&P close -0.72%, the Nasdaq -0.77% and the […]

Thanks to Trump’s tariffs, Canada’s GDP fell 1.6% annualized, worse than expected, while there was a drop in foreign investment, according to the latest data. Despite this news, the TSX rose 0.46% on Friday and 0.8% for the week. Though […]