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 […]
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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 […]
A day after a relief rally, markets on Wall and Bay streets tumbled back down as Trump vowed to retaliate against Canada and the EU, who are in turn slapping levies on U.S. tariffs. Washington’s trade war continues to grind […]
Markets in Toronto and New York modestly rebounded on Wednesday, following days of tariff-induced selling. The TSX rose 0.73% or 177 points, the S&P 0.52%, the Nasdaq 1.24% though the Dow fell 0.2%. Stocks reacted to a flurry of news. […]
Markets in Toronto and New York continued to sell-off Tuesday, though less dramatically than the session before, as the tariff war ensues. The TSX declined 0.54% or 132 points as only materials and one other sector gained. Staples and healthcare […]
Monday’s trading session reacted to statements Trump made over the weekend, when he refused to rule out a recession amid his tariffs’ effects on markets. By Monday’s closing bell, the Nasdaq tanked 748 points or 4.11% in its worst session […]
Markets on Friday modestly climbed, but not enough to rescue them from a negative week. Blame tariffs. Trumps’s latest proclamation is threatening Canada with heavy tariffs on dairy and lumber, perhaps as soon as today. The ever-changing situation has triggered […]
The Nasdaq entered correction territory and the S&P sank to its lowest level since last November as stocks sank in New York and Toronto amid ongoing tariff confusion. At the close: S&P -1.78%, the Nasdaq -2.61% or 483 points, and […]
Markets in Toronto and New York regained some of yesterday’s losses, but remained down for the week. The latest from the White House was in giving the automakers a month’s reprieve from the sweeping tariffs, but the tariff cloud continues […]
Toronto and New York markets tumbled as the Trump tariffs began on Tuesday. What the Wall Street Journal and outgoing Prime Minister Trudeau dubbed “the dumbest trade war in history” triggered a sharp sell-off for much of the day. As […]
On the eve fo Trump’s tariffs on Canada and Mexico, markets in Toronto as well as New York sold off nearly across the board and closed downward. The TSX sank 1.86% or 472 points as nine sectors slid. Energy, tech […]
Markets wavered up and down Friday to finish positive, but capped a turbulent week. First, the TSX gained 1% for the session as well as the week, though barely broke even for February. Eight sectors were up, led by rallies […]
Despite reporting a top and bottom line beat and upbeat forecast, Nvidia sold off by 8.48% with losses accelerating into the close. The momentum dragged down Super Micro Computer, which slid 15.97% and sank the Nasdaq by 2.78% or 530 […]
Wednesday was the most important day of the quarter, perhaps the year, as investors awaited Nvidia’s latest quarterly results after the closing bell. The bellwether stock reported top- and bottom-line beats, but the street (as of this writing) was holding […]
Despite Trump tariffs looming, the TSX gained 0.21% or 52 points on Tuesday, lifted by green energy and bank stocks. Making headlines was the Caisse de dépôt buying Innergex Renewable, which sent those shares rocketing 54.76%, and lifted other Canadian […]
The trading weak began in the green, but quickly sank into the red, particularly south of the border. Worries over semis and tech dragged the Nasdaq down 3.09% while the S&P declined 0.5% and the Dow stayed flat. Nvidia was […]
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 […]
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