After the close with Allan
The week ended with the TSX rising 1.25%, including 0.32% on Friday. Most sectors were higher, led by materials, real estate and energy. In contrast, discretionary and utilities lagged. Energy names were the most popular stocks, with Enbridge gaining 0.84%, […]
Thursday morning saw markets pop on the latest U.S. inflation data which came in at 3.2% YOY in July, slightly lower than the expected 3.3%. American stocks in particular cooled down as the session headed into the close, but finished […]
Wednesday saw crude oil’s ongoing rally lift the TSX 0.34% higher, helped by a strong showing in consumer staples, industrials and utilities, while discretionary names lagged. WTI jumped another 1.6% way past $84 a barrel. Major movers in Toronto included […]
On Tuesday, Moody’s downgraded several U.S. banks which pressured American stocks. The S&P closed -0.42%, the Nasdaq -0.79%, and the Dow -0.45%. Key movers included Eli Lilly which soared 14.87% after reporting. Elsewhere, AMD finished -3.06%, Zoetis 4.77% and Micron […]
With Canadian markets closed for holidays, Wall Street rebounded on Monday to regain some of last week’s losses. The S&P closed 0.8% higher to return to 4,500, the Nasdaq 0.48% to nearly 14,000, and the Dow added 1.08%. Major movers […]
The TSX rebounded Friday to advance 0.57% for the session and reduce its losses for the week to 1.49%. Almost all sectors rallied, led by staples and utilities which fell the most in previous days. Tech was a rare weak […]
Stocks in Toronto and New York on Thursday extended losses, but finished the day paring back most of their losses. The TSX shed 0.48% to stay above 20,000. Few sectors besides energy were positive and most were down, led by […]
Wednesday markets sold off after Fitch Ratings downgraded its rating on U.S. debt from AAA to AA+. While the sell-off was sharp, it didn’t panic many investors were not surprised by the announcement. The S&P closed -1.31%, the Nasdaq -2.11% […]
Tuesday saw the major indices drift downwards to start August amid a flurry of earnings reports. The TSX closed -0.45% as only three sectors, led by energy, rallied, and the others sank, especially materials and utilities. Despite reporting a miss, […]
The trading week began with the TSX advancing 0.52%, led by materials and tech. Only four sectors lagged, notably telcos. Key movers were TC Energy, rebounding 4.44% from last week’s losses, Denison Mines up 4.08%, BlackBerry 6.85% and Laurentian Bank […]
The trading week ended on a positive note as rallies in energy and tech lifted markets in Toronto and New York. Crude oil continued its streak as WTI rose another 0.55% to touch $80 a barrel. Energy, materials and industrials […]
Stocks in Toronto and New York gave back recent gains Thursday, a day after an unsurprising U.S. Fed announcement about interest rates and amid some positive earnings. The TSX shed 0.83% but stayed above 20,000 as all sectors except healthcare […]
On Wednesday afternoon, the U.S. Fed raised interest rates by 25 basis points, which the market widely expected. Chair Jerome Powell’s comments didn’t move markets, which were flat overall. The Nasdaq surrendered 17 points, the S&P didn’t budge though the […]
Tuesday saw the TSX shed only 0.09% as sectors were mixed . Materials led, but financials and staples lagged. Banks gave back some recent gains, including Royal at -1.55% in the heaviest trading and Bank of Nova Scotia by -2.61%. […]
A busy trading week began positively with both crude oil and stocks rising. WTI jumped 2.4% to nearly $79 a barrel as energy led gains on the TSX. The Canadian exchange advanced 0.15% as real estate also rallied, but utilities […]
Canadian stocks lag American ones so far this year, but outperformed this past week. The TSX rose 0.5% Friday to nearly 20,500 and rallied 1.56% for the week, beating the major American indices except the Dow which climbed 2.11% over […]
Thursday saw general selling in markets as some stocks gave up gains after recently rallying. Earnings were a key driver, particularly in the U.S., as Tesla slid 9.74% and Netflix sank 8.41% after reporting disappointing quarters and forecasts. Tech lagged […]
U.S. earnings extended Wall Street’s winning streak as all three major indices made intraday 52-week highs. The S&P closed up 0.24%, the Nasdaq rose then settled to advance only 0.03%, while the Dow added 0.31% to reach 35,000. There was […]
Tuesday saw more inflation data fan the current stock market rally. Canadian inflation fell to 2.8%, though core inflation including food remains stubbornly high. The TSX gained 0.75% as most sectors rallied, led by materials and financials, the latter enjoying […]
The trading week began with a flat TSX, shedding 0.17% as more sectors than not declined. Financials outperformed all, with Manulife up 1.73%, for example, while energy, utilities and telcos sank. Other major movers were Bausch Health surging 9.76% and […]
Markets were mixed or flat to end a positive week in Toronto and New York that was fueled by cooler inflation numbers in the U.S. Friday saw some profit-taking as the TSX shed 12 points and was essentially flat. More […]
For the second day in the a row, U.S. inflation numbers came in lower than expected to spark a stock market rally. The producers’ inflation number rose only 0.1% in June, lower than the expected 0.2%. There were gains across […]
Wednesday saw the Bank of Canada raise interest rates by 25 basis points to 5% which was widely expected. Despite that, the TSX rose 1% past 20,000, with almost all sectors rallying led by materials, utilities and real estate as […]
Tuesday saw a further rise in markets in Toronto and New York. The TSX added 0.28% though stayed below 20,000. Most sectors were up, led by energy. WTI crude jumped 2.5% to $74.50 a barrel. Crescent Point Energy rallied 2.82% […]
Markets on both sides of the border saw modest moves in light summertime trading to begin the week. The TSX slipped 0.1% with sectors mixed. Materials rose the most while telcos and utilities sold off. Major movers were Baytex up […]
