After the close with Allan
The TSX ended the shortened trading week on a positive note, up 0.36% on Thursday while topping 5% over the week. Apart from materials, all sectors rose, led by energy, healthcare and telcos. Major movers: CNQ 2.07%, Cenovus 3.65%, Whitecap […]
The Toronto and New York markets had distinctly different sessions on Wednesday. The Bank of Canada held its key lending rate at 2.75%, as some expected. BoC governor Tiff Macklem projected GDP to be 1.8% in Q1, but much weaker […]
Canadian inflation (CPI) unexpectedly dipped from 2.6% in February to 2.3% in March. The TSX rose by 0.84% or over 200 points as healthcare, real estate and tech led eight of the sectors higher. Key names: TC Energy up 1.86%, […]
Monday saw another rollercoaser in trading as Trump openly pondered pausing car tariffs. Markets leapt after the opening, sunk by noon, then rallied again, but fell short of the day’s earlier highs. The three U.S. indices rose by 0.64-0.77% as […]
Stocks in New York and Toronto turned higher Friday to end one of the most volatile weeks in history. Markets rallied despite China raising tariffs on U.S. goods to 125% and Trump increasing American levies against China to 145%, effectively […]
A day after an historic rally, driven by a pause in some Trump tariffs, trade worries returned to the minds of investors and sank markets. The S&P finished Thursday -3.46%, the Nasdaq -4.31% and the Dow -2.5% or over 1,000 […]
Markets on Wednesday were struggling to find direction when mid-afternoon Trump announced he was pausing some of his global tariffs for 90 days. Instantly, stocks across the board soared, leading to the third-best session ever since World War Two. The […]
After three brutal sessions, markets on Tuesday launched a rally in the morning after the White House hailed the start of trade talks with Japan, offering some hope in the trade war. However, that euphoria evaporated as markets ground into […]
Markets extended last week’s brutal losses Monday morning as Trump’s across-the-board tariffs continued to hammer stocks, but there were signs of positivity by the close. Rumours of a tariff pause mid morning actually saw markets jolt into the green before […]
For the second-straight day, markets around the world tanked as a result of Trump’s April 2 tariffs which hit globally. At the epicentre was Wall Street, where the three major indices plunged 5.5-6% on Friday alone. It was the Dow’s […]
World markets plunged a day after Trump announced sweeping reciprocal tariffs after the bell on Wednesday. He slapped a baseline 10% levy on all goods entering the U.S., and hit China with 34% and the E.U. 20%. As expected, stock […]
Wall and Bay streets rose on Wednesday, right before Trump unveiled his next round of tariffs minutes after the closing bell. He announced reciprocal tariffs against many countries, including Canada, which will be hit with onerous levies on many items […]
The NYSE and TSX saw a choppy Tuesday as stocks sank in the morning, rallied, fell, then closed on strength. Volumes were slightly lighter than usual as investors fretted over the next wave of Trumps tariffs to hit Canada, Mexico […]
The trading week began on a sluggish note as markets mildly sold off in the morning, but rose throughout the day to post gains for Monday. In the back of everyone’s minds are Trumps next wave of tariffs, due to […]
U.S. inflation in February topped 2.8%, higher than the expected 2.7% while consumer spending rose by 0.4% that month, short of the 0.5% forecast. The numbers rattled markets, stoking fears of stagflation, and sent stocks tumbling. By Friday’s end the […]
A day after Trump announced 25% car tariffs and mere days before the April 2 phase of tariffs, Wall Street indices lost some ground, while the TSX held at 25,161. The S&P and Dow shed a third of a percent […]
Shares in Toronto and particularly New York fell after news that fresh car tariffs would be announced sometime after the closing bell. At 4:00 pm EST, the S&P was -1.12%, the Nasdaq -2.04% and the Dow -0.31%. Tech dragged the […]
Considering the hurly-burly of recent weeks, markets on both sides of the border were calm on Tuesday. Stocks wobbled slightly until the TSX closed 0.14% higher, the Dow flat, the S&P up nine points and the Nasdaq 0.46%. In Toronto, […]
Reports that Trump “may” exempt some sectors from his April 2 sectors were enough to trigger a rally in New York and Toronto. Though unconfirmed, the reports lifted the S&P by 1.76%, the Nasdaq 2.27% or more than 400 points, […]
The TSX ended the week up 1.7% despite shedding 0.41% on Friday. Only three sectors gained, led by healthcare, while telcos, materials and discretionary led the other eight sectors don. Major movers: Premium Brands popped 4.61%, CargoJet 3.93%, CNQ -1.5%, […]
The day after U.S. Fed chair, Jay Powell, announced he was holding American interest rates and cutting the growth forecast due to Trump’s policies, markets in New York and Toronto went sideways. The lack of direction led to the S&P […]
U.S. Fed Chair Jerome Powell held the key lending rate in America, but his comments on Wednesday afternoon warned of economic weakness due to Trump’s tariffs, and he signaled two interest rate cuts for 2025. The S&P jumped 1.08%, the […]
Markets in Toronto and New York resumed selling off on Tuesday, as the S&P closed -1.07%, the Dow -0.62% and the Nasdaq -1.71% or more than 300 points. Once more, tech led the way down with Tesla skidding 5.34%, Nvidia […]
Monday extended Friday’s relief gains as all sectors of the TSX lifted the Canadian index by 0.94% or 231 points. Materials, energy and real estate performed the best as Suncor rose 2.15%, Whitecap 2.9%, Veren 2.85%, B2gold 8.45% and K92 […]
Friday saw markets bounce, but not enough to lift the NYSE and TSX out of the red for the week. Trump tariffs were to blame for deep selling earlier this week which saw the S&P correct. Despite onerous levies on […]
