After the close with Allan
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% […]
The Bank of Canada held its key lending rate at 2.25% on Wednesday, though didn’t forecast its next move either way. The TSX gained 0.22% or 72 points on the strength of materials and energy, while healthcare and discretionary led eight […]
As the U.S. dollar continues to slump, investors are driving up the prices of gold and silver to record highs. Gold rallied US$167 to US$5,176 while silver soared over 8% to US$112.20. Meanwhile, the S&P rose 0.41% to close at […]
Investors continue to flock to gold as a safe harbour in these uncertain geopolitical times and pushed the mineral past US$5,000 an ounce on Monday. Gold gained US$35 to a new high of US$5,022, helping to lift the Wall Street […]
The week ended on a record note with the TSX gaining 0.42% or 138 points on Friday to 33,141 and rose 0.32% for the week. Once again, precious minerals were the key driver as silver soared 6.55% to a record […]
Thursday markets extended the previous day’s gains which had sunk on Trump’s threats to take Greenland by force. The major indices in Toronto and New York flirted with all-time highs, with the TSX making an intra-day all-time high. By the close, […]
The American indices rebounded well over 1% on Wednesday after Trump announced he would not take over Greenland militarily but rather had entered a “framework” with the EU concerning the territory. The Dow regained the most, up 1.21%. Major movers […]
U.S. markets reopened after Monday’s holiday and sharply sold off. No surprise since European markets slid on Monday in reaction to Trump threatening several EU countries and the U.K. with tariffs for defending Greenland that Trump wants to take over. […]
The TSX climbed 90 points to a record close of 33,090 after gold and silver surged to new heights. Investors were seeking safety in the precious metals after Trump threatened eight European nations, including Germany, France and the U.K. with tariffs […]
Friday markets gained or lost modestly, but the TSX posted another record close and finished the week 1.3% higher. The TSX edged up 11 points to 33,040, but outpaced Wall Street’s main indices which saw modest losses for the day. […]
A cooling of tensions between the U.S. and Iran lifted the markets in New York and especially Toronto where the TSX gained 0.34% or 112 points to make a new closing high of 33,028. The S&P rose 0.26%, the Dow 0.6% […]
