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The trading week ended with holiday cheer as the major indices marched higher, including a new record close for the TSX. The Canadian index rallied 1.01% on Friday to 31,757 and gained 0.72% for the week. Tech and materials led […]

After days of slumping, markets in New York and Toronto rebounded. The S&P rose 0.79%, the Nasdaq 1.38%, the Dow 0.14% and the TSX 0.6%. Major movers in New York: Lam Research 6.27%, Sandisk 6.11%, Nvidia 1.87%, Tesla 3.45%, and […]

The selling continued on Wall Street, led once more by the AI trade. The Financial Times reported that Oracle has lost the backing for a US$10 million data centre, adding to the tech company’s long string of woes. Oracle sank 5.4% […]

On Tuesday, the U.S. unemployment rate rose from 4.4% to 4.6%, a four-year high. The news pressured stocks on Wall and Bay streets: the S&P -0.24%, the Dow -0.62%, the TSX -0.63% or 199 points, though the Nasdaq gained 0.23%. […]

The trading week began with stocks in Toronto and New York rallying in the opening minutes of Monday’s session, but sank throughout the day. By the closing bell, the TSX stood at -0.14% or down 43 points, the S&P -0.16%, the […]

Markets in Toronto and New York retreated on Friday from the previous day’s record-setting gains. The TSX closed -0.44%, the S&P -1.07%, the Nasdaq -1.69% and the Dow -0.51%. Weighing on the U.S. market in particular was disappointing guidance from Broadcom […]

A day after the U.S. Fed cut interest rates by 25 basis points and the Bank of Canada held its prime rate, almost every major index in North America made record closes. The S&P rose 0.21% to 6,901, the Dow jumped 1.34% […]

Wednesday was fed day on both sides of the border. To no one’s surprise, the Bank of Canada held the key lending rate at 2.25% while the U.S. Fed cut America’s by 25 basis points to 3.50-3.75%. Markets reacted by […]

The price of silver shot past US$60 an ounce on Tuesday to make a record high as the market bets on the U.S. Fed cutting interest rates tomorrow. In contrast, the stock market was tepid with the TSX advancing 0.25% and […]

The week ended with the American indices gaining modestly: the S&P 0.19%, the Nasdaq 0.31% and the Dow 0.22%. For the week, the S&P rose 0.3%, the Nasdaq 0.9% and the Dow 0.5%. Major movers included Ulta Beauty surging 12.65% and […]

The TSX enjoyed gains nearly across the board, but primarily driven by outperformance in tech and healthcare. Utilities and two other sectors suffered only mild losses after the TSX rallied 1.35% or 309 points. Among the key names were Descartes Systems […]

Markets in Toronto and New York extended Tuesday’s gains after the American indices closed on strength, but the TSX endured a choppy session. The TSX rose 0.34% or 106 points after six sectors rose, led by energy, healthcare and industrials, […]

Following Monday’s sell-off, stocks in New York and Toronto stabilized. The U.S. indices saw modest gains: S&P up 0.25%, the Nasdaq 0.59% and the Dow 0.39% while the TSX slipped 0.17%. Silver continued its record run by reaching US$58.55 while […]

Stocks gave back some of last week’s strong gains to begin the week. The S&P closed -0.53%, the Nasdaq -0.38%, the Dow -0.9% or 427 points, and the TSX -0.9% or 281 points. Sinking further was Bitcoin, sliding 5.4% to […]

The TSX marched to yet another record close on Black Friday, while the Wall Street indices reopened for a half-day of trading and also rallied. The Canadian index rose 0.6% or 186 points to 31,382 on Friday and gained 4.05% […]

The TSX posted a second-straight record close, edging up 16 points to 31,196, despite a sell-off at the close. With the U.S. closed for American Thanksgiving, volumes on Bay Street were predictably light, but nearly every sector enjoyed gains, led […]

The mining sector soared on Wednesday, pulling the TSX to fresh highs. The Canadian index rose 0.9% or 279 points to 31,180, the first time above 31,000. Nearly all sectors rallied, as only discretionary dipped into the red. By far, […]

Markets in Toronto and New York extended the previous day’s gains on Tuesday, with the TSX nearly making a record close. The Canadian index jumped 1% to 30,900 led by strong gains in consumer staples and discretionary. Only energy and […]

Both sides of the border began the trading week with a rally, led by tech. Optimism that the U.S. Fed will cut interest rates (reversing last week’s pessimism) and renewed hopes in AI, pushed the tech-heavy Nasdaq 2.69% higher or […]

After the close on Wednesday, Nvidia reported a strong top and bottom line beat and offered a rosy forecast. The futures market and Thursday morning traded responded with a sharp rally nearly across the board. However, at noon, markets reversed […]

Markets rallied Wednesday morning, but swung wildly for the rest of the day as investors waited for the most-anticipated earnings report of the season, Nividia. By the close, the S&P advanced 0.38%, the Nasdaq 0.59%, the Dow 0.1% and the […]

Selling on Tuesday continued after a dour Monday. Investors sold more AI tech stocks which have been seen as overvalued after hitting recent record highsy. On the eve of reporting earnings, Nvidia sank another 2.81% while Amazon tumbled 4.43%. The […]

Markets in New York and Toronto began the week by selling off, especially into the close. The decline precedes Wednesday much-anticipated earnings from Nvidia as well as U.S. September jobs data, delayed because of the recent U.S. government shutdown. At […]