Daily

After yesterday’s sharp sell-off, Toronto and New York posted moderate gains as the VIX settled down. The TSX advanced 0.47%, the S&P 0.75%, the Nasdaq 1.29% and the Dow 0.49%. As PDAC winds down today, silver increased 1.55% to US$83.20 […]

Stocks nearly across the board sank on Tuesday over fears of a protracted war in Iran. The VIX jumped over 30% in early trading before calming and markets in Toronto and New York closed well off session lows. However, by […]

WTI soared 6.7% to US$71.50 after the U.S. and Israel attacked Iran killed tis supreme leader. The war has disrupted the flow of oil in the crucial Strait of Hormuz for an indefinite period. Futures heading into Monday’s session were […]

February ended on a downbeat note, particularly on Wall Street while the TSX outperformed. On Friday, hotter than expected U.S. inflation numbers from January worried investors; the producer’s index rose 0.5% compared to the expected 0.3%, but core PPI came […]

The most anticipated earnings dropped late Wednesday and beat on virtually metric, but Nvidia still sank 5.46% in Thursday trading. In turn, the Nasdaq closed -1.18%, the S&P -0.54% and the Dow gained only 17 points. In contrast, the TSX […]

The TSX made a record close on Wednesday after surging 0.45% or 145 points to 34,124. A rebound in tech, specifically those punished by the AI takeover scare, and Canadian bank earnings powered the TSX higher. Only four sectors lagged, led […]

Fears that AI will takeover the software industry banished Tuesday after Thomson Reuters announced that is developing its on AI model and stressed its proprietary legal data and expert content as a moat. TRI soared 11.38% and helped lift the […]

Investors were climbing a wall of worry on Monday, starting with the confusion wrought by Trump imposing 15% tariffs across the globe, though limited to 150 days, in reaction to the U.S. Supreme Court striking down his previous tariffs. Meanwhile, […]

On Friday, the U.S. Supreme Court struck down Trump’s tariffs and ordered tariffs that were collected to be repaid to companies. Trump responded by slapping 10% tariffs worldwide, but the street isn’t sure this order will pass. Meanwhile, safe haven […]

The TSX extended gains to fresh highs on Thursday, rallying 0.57% or over 200 points to 33,579. Energy and materials led the gains while discretionary was among four lagging sectors. Silver regained 1.6% to US$78.30, gold increased 0.46% to US$5,000 […]

The TSX rebounded after a sluggish start to the week. On Wednesday, it jumped 1.5% or neary 500 points, helped by strong gains in tech, materials and energy. Eight sectors rallied. Major movers included Shopfiy up 7.6%, Colliers 6.06%, Bombardier […]

Markets reopened Tuesday after holidays in Canada and the U.S. but struggled to find direction. The indices spent most of the session under water, but avoided closing on weakness. The TSX sank 0.54% or 177 points while the American indices barely […]

Friday the thirteenth was luckier for the TSX which recovered a fair bit of the gains lost in Thursday’s sell-off, triggered by fears of AI disruption across many sectors. On Friday, the TSX rallied 1.75% or 568 points to finish […]

Fears of AI disrupting several industries wiped about many sectors on Wednesday. The TSX closed -2.37% or nearly 790 points, the S&P -1.57%, the Nasdaq -2.03% and the Dow -1.34%. In Toronto, materials, industrials and tech sold off particularly hard while […]

It was a quiet day on the markets as the TSX & S&P stayed put while the Nasdaq slipped by 0.16% and the Dow by 0.13%. In Toronto, seven sectors were up, led by energy and materials while tech led […]

The TSX continued to notch gains, up 0.71% to US$33,258 as seven sectors rallied. Industrials, materials and telcos led the way while staples were the weakest. Major movers: Shopify 7.41%, ATS 4.48%, B2Gold 3.12%, Celestica -6.65% and Novagold 4.28%. Gains were […]

The TSX began the week by returning to 33,000 after rallying 1.7% or over 550 points. Major gains in minerals as well as tech and fins led the rally while utilities and one other sector lost ground. It helped that […]

After a volatile week of losses, markets in Toronto and New York convincingly rebounded to finish the week positive. On Friday, the TSX rallied 1.4% of 452 points to close 1.7% higher for the week. Materials, which led the week’s […]

There was red across trading screens on Thursday as concerns over software stocks, AI overspending and a new, weak U.S. jobs report pressured markets. The S&P closed -1.23%, the Nasdaq -1.59%, the Dow -1.2% and the TSX -1.84% or down […]

The TSX continued to recover from last Friday’s sell-off by adding 0.56% or 182 points on Wednesday. Apart from mild weakness in tech, all sectors were up. Major movers were Constellation Brands, up 8.45%, West Fraser Timber 7.18%, FirstService 7.7%, […]

Toronto extended its recovery on Tuesday by climbing over 200 points or 0.64%, lifted by a strong performance in minerals as well as staples. Eight sectors were up while losses in tech led three sectors down. Silver jumped over 8% […]

February began with a partial recovery on the TSX after Friday’s steep sell-off when gold and silver crashed. On Monday, the TSX regained 0.84%, but still remained well below the 33,000 mark. The Wall Street bourses recovered some ground as […]

The TSX tumbled over 1100 points or 3.49% on Friday after gold and silver crashed. The catalyst came from Trump who announced his choice to be the next U.S. Fed chair, Kevin Warsh, a hawk who wants to cut interest […]

After yesterday’s highs, Thursday’s market was decidedly more volatile with the major indices swinging before settling in the red. The exception was the Dow, though it gained only 0.11%. The S&P closed -0.13%, the Nasdaq -0.72% and the TSX -0.54% […]