After the close with Allan
Friday saw the trading week end 0.57% higher on the TSX and 0.21% for the session, led by consumer staples and most sectors while materials lagged. Major movers were Canada Goose soaring 3.98%, Algonquin Power surging 3.86% and Shopify adding […]
Thursday saw disappointing earnings and higher than expected jobless numbers in the U.S. weaken markets. The S&P closed -0.6%, the Nasdaq -0.8%, and the Dow -0.33. Tesla made headlines by announcing ongoing price cuts and shrinking margins, which led to […]
Markets on both sides of the border had another flat day amid ongoing earnings. The TSX shed 13 points and sectors were mixed. Consumer staples and industrials rose, but materials lagged. Notable names included Suncor at -2.03% and Athabasca Oil […]
Toronto and New York markets were basically flat on Tuesday. The Toronto gained 0.21%, led by healthcare and consumer discretionary stocks, while staples and utilities lagged. TD was heavily traded again and rallied 1.55% as Chorus Aviation climbed 2.3%. In […]
Markets in Toronto and New York were flat Monday, but edged up towards the close to finish a third-of-a-percentage point across all major indices. On the TSX, tech, financials and industrials led gains with Shopify rallying 4.82% and Lion Electric […]
Markets ended a positive week on a modestly downbeat note despite U.S. reporting upbeat reports. Both Canada and the U.S. reported weaker manufacturing numbers but investors continue to fret over the next U.S. Fed hike. The Nasdaq closed 0.38% Friday, […]
Thursday enjoyed a convincing rally after the U.S. producers’ inflation number dropped in March, its biggest decline in three years. Except for real estate, all sectors gained. The S&P closed 1.33%, the Nasdaq 1.99% to return above 12,000, and the […]
Inflation headlines dominated Wednesday’s session as the Bank of Canada held the key lending rate at 4.5%, citing progress in fighting inflation. The TSX held onto gains and closed 0.14% higher. Staples, industrials and real estate led, but staples lagged. […]
Tuesday saw stocks rise as gold topped $2,000 an ounce and Bitcoin hit $30,000 for the first time since June. The TSX gained 0.81% as nearly all sectors rallied led by staples and materials. Major movers were TD up 1.81%, […]
Markets straddled break-even on Monday and closed modestly higher to start the trading week after Easter. Investors are eyeballing with caution or nervousness Wednesday’s American consumer inflation read. The S&P closed 0.1%, the Nasdaq -0.03%, and the Dow 0.3%. Apple […]
Canada gained more jobs in March than expected, inspiring speculation about higher interest rates to come, but the TSX still gained 0.16% on Thursday and 1.1% for the shortened week. Most sectors rose, led by real estate and consumer staples, […]
Tuesday saw markets in Toronto and New York drift generally lower, lacking a galvanizing catalyst. The TSX stayed above 20,000 but closed -0.57%, dragged down by tech and industrials while telcos rallied. Big movers were WSP Global at -6.84% after […]
Stocks modestly declined Tuesday after recent gains. Investor sentiment was weighed by worry over the wider economy, coming a day after OPEC+ surprisingly slashed oil production to trigger inflationary fears and thoughts of a hawkish U.S. Fed. The price of […]
Q2 and the trading week began with a surprise announcement from OPEC that it will cut crude oil production, sending WTI gushing over 6% to $80.50 and leading the TSX 0.84% higher. On Bay Street, materials and banks also rallied […]
A slight decline in U.S. core inflation, based on February data released Friday encouraged a modest risk-on session that ended the day, week and quarter positively. Meanwhile, Ottawa approved the long-awaited Rogers-Shaw merger, which helped the TSX rally. Shaw gained […]
Thursday extended Wednesday’s gains on both sides of the border as the TSX rose 0.39% to nearly 20,000, lifted by almost every sector. Staples and utilities led gains while healthcare was slightly weak. Major movers were TC Energy at -2.38%, […]
A day after the Liberals unveiled their 2023 budget, the TSX rallied with all but two sectors up. Consumer staples, discretionary and real estate led the charge while materials lagged but only modestly. The TSX added 0.82% to approach 20,000. […]
Tuesday saw market lacking true direction with Canadian stocks rising slightly, up 0.2%, and the major American indices declining about that much though the Nasdaq shed 0.45%. WTI inched up by 0.85% past $73 a barrel while Bitcoin added 0.69% […]
The week began with First Citizens Bank announcing it was buying its failed competitor, Silicon Valley, which cooled recent fears and lifted stocks Monday. The TSX finished 0.56%, the S&P 0.26%, just shy of 4,000, the Nasdaq -0.37% though off […]
Stocks were down most of Friday until they rallied into the close to preserve gains for the week. Investors shrugged off ongoing bank concerns to raise the TSX by 0.21%, the S&P 0.56% to nearly 4,000, the Nasdaq 0.31%, and […]
Thursday markets were well into the green for much of the day before falling towards the end. They finished mix with the TSX shedding 0.37% as energy sank, though tech thrived. Major movers were Cenovus at -5.17%, ECN Capital -16.67%, […]
As expected Wednesday afternoon, the U.S. Federal Bank raised interest rates by 25 basis points, but chair Powell’s comments afterwards triggered a sell-off of American stocks. All the major indices sank by 1.6% by the close. Tesla changed the most […]
Tuesday saw the major indices in Toronto and New York convincingly rise as regulators and big banks in Europe and the U.S. rushed the rescue the failing banks and restore market confidence. In Canada, more good news came with February’s […]
Bank turmoil over Credit Suisse and First Republic dragged into Monday, but investors felt enough optimism to raise stocks overall and push gold to $2,000 an ounce for the first time in many months. Also, Bitcoin topped $28,000 over the […]
Friday capped a sleepless week for many on Bay and Wall streets as markets slid amid banking turmoil and doubts over upcoming central bank decisions. However, some sectors and indices actually gained for the week. On Friday, the S&P closed […]
