The TSX ended the month 4.4% higher and the day up -.37% to 22,167, a record high. More sectors than not gained, led by materials, energy and utilities while staples and industrials lagged the most. Key names included Barrick Gold […]
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The week ended on a gloomy note as investors, particularly south of the border, grew more worried over the effect and threat of Trump’s tariffs to trading partners. Recent weak guidance by bellwethers, such as Walmart, have stoked fears of […]
Markets in Toronto and particularly New York were downbeat on Thursday as Walmart warned of slowing sales as well as profit growth due to consumer weakness in 2025. The stock sank 6.53% in trading as its CFO warned that the […]
Wednesday was a relatively quiet day on the market, but the S&P advanced 0.24% to reach a new high of 6,144. Meanwhile, the Nasdaq was relatively flat, up 15 points, while the Dow rose 0.16%. Despite fears of tariffs stoking […]
Bay and Wall streets reopened after the long holiday weekend to post mildly positive results. The TSX outperformed the NYSE as all but two sectors gained, led by materials and energy, while telcos lagged the most. The Canadian index advanced […]
A dramatic week marked by U.S. tariff threats and earnings on both sides of the border ended on a mixed note Friday as the S&P closed flat, the Nasdaq added -0.41%, the Dow sank 0.37% and the TSX shed 0.84%. […]
The TSX ended the month 4.4% higher and the day up -.37% to 22,167, a record high. More sectors than not gained, led by materials, energy and utilities while staples and industrials lagged the most. Key names included Barrick Gold […]
Toronto and New York markets edged higher Wednesday in broad-based buying, sending the S&P to a new high of 5,246, up 0.82%. The Nasdaq rose 0.47% and the Dow advanced more than 450 points or 1.19%. Apple was the most-traded […]
Markets in Toronto and New York cruised positively for most of Tuesday, but ran out of steam by the closing bell. The TSX shed 0.14% with only healthcare and a handful of sectors ending positive. Consumer staples and energy were […]
After recent highs, markets in New York and Toronto edged down to begin the shortened trading week. The TSX shed 0.12% to close below 22,000. Most sectors were down, led by industrials, utilities and discretionary while energy was a rare […]
Friday saw mixed trading on Wall and Bay streets to conclude a week where the three major U.S. indices and the TSX technically (and briefly) made record highs. The S&P closed flat on Friday to remain at Thursday’s record high, […]
A day after the U.S. Fed stuck to its plan of three interest rate cuts sometime this year, markets in New York and Toronto continued to rally, with all three major American making new highs. The S&P rose 0.38% to […]
American indices made new highs Wednesday after U.S. Fed Chair Jerome Powell delivered his latest comments about interest rates and inflation. Powell affirmed three rate cuts later this year, despite sticky inflation to start 2024. Powell added that the Fed […]
Stocks in New York and Toronto marched upwards Tuesday on the eve of the U.S. Fed’s next interest rate announcement. The S&P advanced 0.53%, the Nasdaq 0.82% and the Dow 0.2%. The U.S. 10-year yield held around 4.33%. Once more, […]
The week began with WTI closing in on $83 a barrel after rising 2.3%. Energy and real estate’s gains almost offset staples, materials and other laggards on By Street. The shed 12 points on Monday in mixed trading. Notable names […]
The week ended on a modestly upbeat note on Bay Street after the TSX climbed 27 points on Friday and 0.5% for the week to remain within striking distance of all-time highs. On Friday, materials and utilities led most sectors […]
U.S. headline PCE came in at 0.6%, much higher than the expected 0.3%. Markets initially shrugged off the data, but slid for the rest of the day. The S&P closed -0.33%, the Nasdaq -0.39% and the Dow -0.44% to settle […]
Wednesday saw the TSX rise 0.64% to approach 22,200 and flirt with all-time highs. All but three sectors were positive on Bay Street, particularly materials as well as energy, while telcos lagged the most. Outsized moves came from First Quantum […]
Investors shrugged off higher than expected U.S. inflation February to spark a Tuesday rally. CPI rose 0.4% between January and February. The S&P rose 1.12% to a new record high of 5.175, the Nasdaq surged 1.54%, and the Dow climbed […]
Monday morning trading began in the red and finished flat on both sides of the border. The TSX added 31 points as sectors were mixed. Materials and financials were strong, but real estate was weak. Minerals populated the big gainers […]
The week started down, then rebounded, then closed down again. The red-hot semis sub-sector within tech sold off Friday, despite an initial climb to start the session. By the close, Nvidia sank 5.55% after volatile swings both ways. Broadcom reported […]
Markets on Bay and Wall streets extended Wednesday’s gains into Thursday, helped by the U.S. Fed’s Jerome Powell telling Washington that he’s “not far” from cutting interest rates. His comments raised hopes of a June cut. Tech, particularly semis stocks, […]
Markets recovered some of the ground lost in previous days upon comments made by the U.S. Fed’s Jerome Powell and after the Bank of Canada held interest rates. However, the initial rally lost steam by the end of the session. […]
On Tuesday, the spot price of gold surged to a record high of $2,141. As the commodity shone, American stocks and Bitcoin faded on a downbeat day. In Canada, the TSX held its own, giving up five points as sectors […]
The trading week began with Bitcoin surging 6.6% to top $67,300 while gold also approached an all-time high at $2,125 per ounce. In contrast, stocks on Bay and Wall street declined modestly. The TSX shed nine points after more sectors […]
The trading week and month ended on a Friday rally that saw the Nasdaq and S&P make record highs and the TSX approach its peak. Once again, AI-led tech stocks fueled the Friday rally as the Nasdaq rose 1.13% to […]
Thursday morning saw the release of American PCE inflation data coming in as expected in January at 0.4% (0.3% including volatile food and energy costs), and 2.8% from a year ago. The market exhaled and greeted the news positively. The […]
Continuing its rally, Bitcoin broke $60,000 during Wednesday trading and finished the day 4.8% higher just below that mark. Meanwhile, stocks in New York and Toronto showed weakness with the S&P closing -0.39%, the Nasdaq -0.67% to fall below 16,000, […]
Canadian bank earnings season kicked off Tuesday with mixed results. Bank of Montreal missed and shares slid 3.56% while Bank of Nova Scotia beat and rallied 3.18% though rising loan delinquencies shadowed both. Financials were actually one of the few […]
After a week of record highs, the new trading week began with mild downside on Bay and Wall streets. The TSX closed Monday -0.33% as sectors were mixed. Tech and energy rallied, but dividend-paying sectors including real estate and utilities […]
The trading week ended up an upbeat note, even as red-hot tech took a breather on Friday. The S&P climbed 0.27% to make a new record high of 5,097. It rose 1.17% for the week. The Dow also made a […]