First, the good news. Canadian manufacturing data, the PMI, rose from 55.1 to 65 in September, beating the expected 54.1. The TSX rose 0.39% and powered by tech real estate and, to a lesser exent, materials. The only weakness came […]
First, the good news. Canadian manufacturing data, the PMI, rose from 55.1 to 65 in September, beating the expected 54.1. The TSX rose 0.39% and powered by tech real estate and, to a lesser exent, materials. The only weakness came […]
⛏ Data showed that the Canadian economy expanded in July, though the pace of growth slowed over the summer. Real GDP climbed 3% in July which matches the street’s expectations. Despite oil inventories unexpectedly falling instead of rising, the TSX […]
This week, you missed Past Top Picks comments by Robert McWhirter including Aecon Group Inc (A Top Pick Oct 11/18, Up 16%) Get Premium to receive all past top picks opinions a few hours before market open. After starting the week […]
Indices on Wall Street sharply rose to begin the week, propelled by hopes that both sides of the aisle in Washington will agree on a long-awaited stimulus package. On Sunday, U.S. House Speaker Nancy Pelosi said that the Democrats would […]
This week, you missed Past Top Picks comments by Tyler Mordy including iShares MSCI EAFE Small-Cap ETF (A Top Pick Sep 06/18, Down 4%) Get Premium to receive all past top picks opinions a few hours before market open. Markets steadily […]
Thursday’s session was volatile driven by several headlines: higher-than-expected weekly jobless claims in the States, the looming U.S. election, and promising news that the Democracts and Republicans will resume talks to reach another stimulus bill. Further, St. Louis’ Fed President […]
With Washington deadlocked and unable to release the next fiscal stimulus package and America still unable to control its Covid cases, investors on Wall Street sold off on Wednesday. Megacap tech stocks took the biggest hit as the Nasdaq slid […]
This week, you missed Past Top Picks comments by Hap Jason Del Vicario including Facebook (A Top Pick Sep 24/18, Up 13%) Get Premium to receive all past top picks opinions a few hours before market open. North American markets lacked […]
World markets tumbled to start the week, sparked by fears of rise on Covid-19 cases and a report that the world’s banks moved over $2 trillion as money laundering and other criminal activity. The report was based on documentsthat banks […]
This week, you missed Past Top Picks comments by Hap Ryan Bushell including Brookfield Infrastructure Partners (A Top Pick Sep 26/18, Up 28%) Get Premium to receive all past top picks opinions a few hours before market open. Markets ticked down […]
Markets continued to have indigestion over the latest remarks issued by U.S. Fed chair Wednesday afternoon. It’s puzzling, because Jerome Powell reiterated that he will keep the key interest rate at its historic low through 2023, which is what investors […]
Markets in Toronto and New York were trading modestly positive until Jerome Powell, the chair of the U.S. Fed, delivered his latest remarks Wednesday afternoon. In fact, Powell said nothing alarming, stressing that the key interest rate would remain rock-bottom […]
This week, you missed Past Top Picks comments by Hap Josef Schachter including InPlay Oil Corp (A Top Pick Oct 09/18, Down 55%) Get Premium to receive all past top picks opinions a few hours before market open. North American markets […]
The trading week began on a positive note as tech news propelled the Nasdaq and other indices higher. In the morning, Oracle confirmed it’s part of the TikTok/Bytedance proposal. Microsoft lost out on this deal, which still needs White House […]
This week, you missed Past Top Picks comments by Hap Robert Sneddon including Fortis Inc. (A Top Pick Mar 22/19, Up 13%) Get Premium to receive all past top picks opinions a few hours before market open. Though it was a […]
Wednesday’s bounce faded soon after the opening bell Thursday as the bears started selling. No, it wasn’t another rout, but the TSX closed -1.21% and the American indices fared worst, especially the Nasdaq which finished -1.99%. Also of note, volumes […]
Following nearly a week of sharp selling across the board, tech stocks on Wednesday led a bounce to partially recover recent losses. The Nasdaq rallied 2.7% while the Dow rose 1.6% and the S&P climbed 2.01%. It was a convincing […]
This week, you missed Past Top Picks comments by Michael Sprung including Canadian Natural Rsrcs (A Top Pick Aug 22/18, Down 27%) Get Premium to receive all past top picks opinions a few hours before market open. Markets resumed the tech […]
This week, you missed Past Top Picks comments by Barry Schwartz including Brookfield Infrastructure Partners (A Top Pick Oct 31/18, Up 35%) Get Premium to receive all past top picks opinions a few hours before market open. Though it was nowhere […]
Just a day after the Nasdaq cracked 12,000 points and the S&P closed at record highs, American stocks plunged Wednesday. The Nasdaq plunged 4.96%. The heavily traded shares were Apple, closing -8% and AMD at -8.51%. Basically, every tech stock […]
The big news Wednesday was Altice USA offering to buy Cogeco Communications for $10.3 billion cash (US$7.8 billion), but would sell Cogeco’s Canadian assets to Rogers. However, the family that controls Cogeco is rejecting this hostile bid. Cogeco soared 16.84% […]
This week, you missed Past Top Picks comments by Andrew Pyle including Dollarama Inc. (A Top Pick May 29/19, Up 15%) Get Premium to receive all past top picks opinions a few hours before market open. Another day, another rally. Despite […]
Though the TSX closed -1.09%, it completed August with its fifth-straight monthly gain despite being handicapped by historically weak oil prices. Headlines dominated the Toronto exchange to start the week. Ottawa has agreed to buy over 100 million COVID vaccines […]
This week, you missed Past Top Picks comments by Rick Stuchberry including Toronto Dominion (A Top Pick Sep 05/18, Down 6%) Get Premium to receive all past top picks opinions a few hours before market open. Whether it’s FOMO, the […]
The TSX couldn’t return to morning highs and closed -0.35% on Thursday, despite good news that Canada’s current account deficit had shrunk from $13.22 billion in Q1 to $8.63 billion in Q2. However, TD and CIBC concluded bank earnings week […]