After the close with Allan
Markets ticked down a few points to start the trading week without showing much direction either way. The TSX shed four points as sectors were mixed, more positive than negative, led by staples and industrials while energy lagged. Cargojet reported […]
WTI crude surged 2.6% on Friday to $76.70 as energy lifted markets higher to end the week. The TSX advanced 0.5%, though slipped 28 points for the week, as all sectors but three rallied. Materials was the weakest one. Notable […]
Stocks rallied across the board Thursday with controversial Meta leading the way. The tech giant reported a strong quarter, beating estimates, and soared 13.93% higher. That move helped to lift the indices: the S&P 1.96% past 4,100, the Nasdaq 2.43% […]
Wednesday began with a rally, but faded into the close despite some positive earnings, particularly in tech. Microsoft made headlines by announcing a strong quarter and after U.K. regulators blocked their acquisition of Activision-Blizzard. MSFT rallied 7.37%, though ATVI plunged […]
Bearish sentiment crept into markets Tuesday despite several earnings beats in New York and Toronto. The TSX closed -1.13% with all sectors down except utilities. In particular, industrials, financials and staples sold off. CN Rail reported a strong quarter, but […]
The trading week began much like recent sessions with market searching for direction either way. The TSX shed only a few points to close 0.08% lower. Sectors were mixed as energy rallied, but financials and tech lagged. Notable movers were […]
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 […]
