After the close with Allan
The U.S.-Iran ceasefire ended and with no talks resuming. This sent oil spiking nearly 3% on Monday to US$84.75 and names like Whitecap Resources jumping 2.69%. Energy was one of only two sectors that rallied, while tech and healthcare led the […]
A new report on American consumer sentiment showed an unexpected decline in consumer optimism from July to August, which pressured New York’s indices: the S&P -0.22%, the Nasdaq -0.35% and the Dow -0.26%. The data reinforced an expectation for interest rates […]
The annual U.S. inflation rate cooled to 3.4% in July 2026, down from 3.5% in June. That and a 2.5% decline in WTI to US$81.20 lessened the odds of the U.S. Fed raising interest rates. These two factors sent markets […]
Strength in financials and materials lifted the TSX by 0.51% on Wednesday to a record close of 36,661 as the Canadian index continued its winning streak. Only three sectors lost ground, led by staples. Silver rose nearly 1% to US$65.20, gold […]
As peace negotiations between the U.S. and Iran broke down again, the price of oil Monday jumped as did yields while the fear of inflation looms. WTI crude rose 5.3% to US$82.20 as the U.S. 10-year yield leapt to a 52-week […]
The Canadian index made another record close this week, ending Friday up over 380 points or 0.68% to 36,381. A strong rally on materials led the way with gold prices up 2.4% to US$4,403 and silver advancing 3.1% to US$63.30. […]
The major indices finished in the red on Thursday in a choppy session. Though the TSX and Nasdaq were essentially flat after shedding a handful of points, the S&P slipped 0.18% and the Dow fell 0.85% as earnings were mixed and […]
For the second-straight day, the TSX closed at a record high. The Canadian index gained nearly 1% or 344 points to 36,146, lifted by a strong performance in materials and tech. Shopify reported a strong quarter and soared 16.47% while Eldorado […]
On Tuesday, the TSX, S&P and Dow made record highs on the strength of tech. The S&P closed up 1.89%, the Dow 1.79%, the Nasdaq 2.63% and the TSX 1.61% to 35,793. In New York, Palantir soared 29.45% , Nvidia […]
As the TSX closed for holidays, tech led the U.S. market higher on Monday after a week of hit-or-miss earnings. The Nasdaq jumped 2.13% on the strength of Microsoft rallying 4.93%, Alphabet 4.88%, Meta 6.02% and Nvidia 2.93% which was […]
It was a hectic end to July as the Mag 7 continued to report earnings while yields and the price of crude oil continued to surge. Amazon reported a beat and leapt 15.32% while Apple reported a miss and fell […]
Tech earnings continued to dominate the week as Microsoft reported beats including on its AI business. MSFT shares rocketed 15.51%, lifting the Nasdaq by 2.78%. Sandisk soared 25.99% and Micron 18.36%, but Meta tumbled 7.95% after reporting a disappointing quarter. The […]
New York and Toronto tumbled after the U.S. Fed announced Wednesday that it would hold interest rates, despite high–and possibly–rising inflation due to the US-Iran war. The S&P closed -1.52%, the Nasdaq -1.74% and the Dow -2.19%. Fighting resumed in […]
The rotation out of semis and memory stocks continued Tuesday, pushing the Nasdaq down 0.22%, but lifting the TSX by 0.52% to 35,751, another record close. The most-active name on Wall Street, Intel, sank 5.86%, Micron tumbled 8.85% and Sandisk […]
In a reversal, software stocks rallied Monday while chip stocks sank. Workday jumped 9.01% and Thomson Reuters rallied 8.57% as several beaten-down software names rebounded sharply while chip stalwarts Nvidia tumbled 4.99% and Sandisk cratered 11.02%. By far, tech was the strongest […]
The TSX finished Friday up 0.43% to end in positive territory for the week. All but energy and another sector rose, led by real estate and healthcare. Major movers: Mullen Group 7.2%, Thomson Reuters 5.24%, Celestica -8.67%, Denison Mines -5.53% […]
As the US-Iran war intensifies, crude oil prices continue to rise, sending WTI 5.5% higher on Thursday to US$91.65. Despite energy outperforming every sector on the TSX, the Canadian index sank 0.82%, dragged down by real estate, discretionary and six […]
The TSX gained 0.33% or over 110 points Wednesday on the strength of materials and energy. Gold advanced 1.5% to US$4,135, silver added 1.65% to US$59.65 and WTI rose another 2.5% to US$86.45 as attacks between the U.S. and Iran […]
Markets bounced back on Tuesday as materials led the TSX higher and tech boosted American indices. The Canadian index rallied 1.17% or over 400 points. Sectors were mixed on Bay Street after mining and energy stocks did the heavy lifting […]
New York and Toronto closed lower Monday as ongoing fighting between US and Iran pushed the price of oil ever higher. WTI rose 0.65% to US$83 while the S&P closed at -0.19%, the Nasdaq -0.05%, the Dow -0.59% and the […]
The ongoing sell-off in AI stocks accelerated with China unveiling its Moonshot model which is challenging American models and rattling American investors. Negative sentiment sent the Nasdaq down 1.4% on Friday and nearly 3% lower for the week. Meanwhile, the S&P sank […]
Capital continued to flow out of semis and memory stocks on Thursday as Nvidia closed -2.4%, Intel -4.84%, Sandisk -12.63% and Micron -5.65%. Elsewhere, Abbott Labs surged 10.69%. The Nasdaq slid 1.47% while the S&P fell 0.51% and the Dow […]
Trading was mixed in Toronto as financials and telcos rallied the hardest while tech and materials slid the most. The TSX gained 0.26% or 91 points. To little surprise, the Bank of Canada held the prime lending rate at 2.25%.Silver declined 1.65%, […]
As the US and Iran resumed fighting over the Strait of Hormuz, WTI oil climbed another 2.25% to US$79.90, though markets in New York and Toronto stabilized. The American indices regained some of the ground they lost in Monday’s sell-off: […]
The trading week began with Trump blockading Iran in the Strait of Hormuz and reversing policy by announcing that the U.S. will charge ships for safe passage there. Iran maintains that it controls the strait, crucial for the transportation of oil. […]
