Daily

With Wall Street closed for American Thanksgiving, it was business as usual on Bay Street, albeit with volumes at 20% of normal. The TSX added a handful of points and was flat for Thursday. Sectors were mixed as consumer staples […]

Wednesday saw two different markets. The TSX was flat, adding barely four points in the session though most sectors were up, especially consumer staples. Holding back the Canadian index was energy after OPEC+ announced it was postponing Sunday’s meeting until […]

Despite Canadian inflation declining in the latest figures released on Tuesday, the TSX shed 0.62% which was in line with the American indices. The recent rally paused, with the S&P closing -0.2%, the Nasdaq -0.59%, and the Dow -0.18%. In […]

Microsoft dominated Monday’s headlines by hiring the CEO of OpenAI after its board fired him. OpenAI are the creators of the game-changing ChatGPT, and most workers at OpenAI are threatening to jump ship to join Microsoft. The drama pushed MSFT […]

American markets closed Friday flat with the Nasdaq up 0.08%, but the Dow down 0.08% while the S&P added 0.13%. However, over the week, all the indices rallied over 2%, especially the Nasdaq which was up 2.37%. The catalyst was […]

After two days of convincing gains, driven by tame U.S. inflation data, markets in Toronto and New York lacked direction on Thursday, climbing or falling only marginally. The TSX was flat as its sectors were mixed. Gains in staples and […]

Wednesday saw the second-straight day of tame inflation data coming out of the U.S., this time being producers’ inflation, which prolonged Tuesday’s strong rally. Gains were less pronounced, but still convincing as the S&P advanced 0.26% to surpass 4,500, the […]

October’s U.S. CPI print came in at 3.2%, slightly lower than the expected 3.3%, but it was enough to trigger a broad-based rally in New York and Toronto. The S&P surged 1.91% to nearly 4,500, the Nasdaq jumped 2.37% to […]

Markets crept up Monday after a sluggish start to the trading week, then closed mixed. The TSX rose 0.28% with more sectors down than up. Up were tech and energy, while real estate and utilities were down. Key names were […]

Markets rallied to end the week on a positive note on Wall Street, but fell short on Bay. On Friday, the S&P closed 1.56%, led by tech, communications and disrcetionary, while the Nasdaq rallied 2.05% and the Dow 1.15% to […]

The U.S. 10-year yield ticked down to 4.495%, but stocks were mixed in New York while Toronto continued to fade. The S&P closed on Wednesday flat, up four points, as was the Nasdaq, adding only 10. Meanwhile, the Dow finished […]

Tuesday saw Canadian and American markets diverge with the TSX shedding 0.85% as all sectors declined, except tech and consumer discretionary. Energy suffered the heaviest losses, followed by materials, utilities and every other sector. Crescent Point Energy finished -9.87%, Baytex […]

Soft jobs numbers in both Canada and the U.S. fueled Friday’s rally which lifted markets to its strongest week so far in 2023. The TSX rose 5.5% for the week and 1.11% for the session, though remained below 20,000. Nearly […]

A day after the U.S. Fed held interest rates, markets on Wall and Bay streets rallied across the board as yield sank. The U.S. 10-year fell to 4.659% as the three major indices in New York surged by 1.7-1.8%. The […]

To no one’s surprise, U.S. Fed Chair Jay Powell held America’s key interest rate steady on Wednesday afternoon. Markets on both sides of the border were already climbing before his remarks, but accelerated after. The S&P closed 1.05% higher, the […]

Tuesday saw August economic data pointing to a mild Canadian recession in Q3. The news surprised no one and the TSX was flat, adding only 16 points. All but two sectors declined, but heavy losses in materials and to a […]

Monday offered the markets some relief as stocks rebounded nearly across the board to recover some of the losses from last week’s sell-off. It happened on the eve of the U.S. Fed’s next meeting and interest rate decision. The S&P […]

In the heart of American earnings season, tech ruled on Friday with Amazon leaping 6.82% and Intel 9.1%. Their rallies helped lift the Nasdaq by 0.38% for the session, but the index was still down by 2.6% for the week. […]

Thursday saw another session of red flashing across traders’ screens as earnings season ground on. Meta grabbed headlines with a top and bottom line beat, but a conservative Q4 forecast triggered shares to decline by -3.73%. Meanwhile, Hasbro sank -11.65% […]

Markets in Toronto and New York were weak on Wednesday as earnings season kicked off for megatech. Microsoft delivered a convincing beat, so shares jumped 3.07%, but Alphabet‘s quarter was mixed and its shares (class A) sank 9.51%. Meanwhile, Intel […]

Tuesday saw American markets enjoy a modest rebound after days of weakness, driven by as optimism (and hope) as megatech earnings season begins. The S&P rallied 0.73%, the Nasdaq 0.93%, and the Dow 0.62%. Key names included Tesla, advancing 2.01%, […]

The trading weak began on a weak note with markets see-sawing throughout Monday before ending mostly in the red. The TSX closed -0.29%, but stayed above 19,000 as most sectors were actually positive, but offset by sell-offs in energy and […]

The U.S. 10-year yield crossed 5% on Friday though closed below that mark to end a bearish session and negative week. Stocks were down across the board in New York and Toronto as yields, the Israel-Hamas war and Washington’s failure […]

Stocks extended losses on Thursday as the U.S. 10-year yield flirted with 5%, the U.S. Fed kept future hikes on the table, and the Israel-Hamas war intensified. Investors had no shortage of worry in Toronto and New York. The TSX […]