After the close with Allan
Commodities drove markets on Wednesday, driven by fears of an oil shock from tensions in oil nations, Venezuela and Iran.WTI rallied for much of the day on fears of the U.S. striking Iran in response to the Iranian government’s bloody crackdown on […]
Stocks slipped from all-time highs on Tuesday while silver continued to climb to new levels. The S&P closed -0.19%, the Nasdaq -0.1%, the Dow -0.8% and the TSX -0.03%. Silver jumped 2% higher to US$86.80 though gold gave back US$13 […]
The trading week began with the U.S. Department of Justice threatening to indict U.S. Fed Chair Jerome Powell. Many on Wall Street perceive this as Trump escalating his threats against Powell for not cutting interest rates fast enough, though Trump […]
Friday’s unemployment numbers helped lift Toronto and New York markets to record closes to cap a winning first week of trading in 2026. The U.S. added 50,000 jobs last month to decrease the unemployment rate to 4.4%, but that number […]
The TSX rebounded 0.71% or 228 points to nearly match the record close it made mere days ago. While utilities were flat, all other sectors gained, led by energy, industrials and staples. Main movers were Cargojet up 7.49%, CNQ 3.14%, […]
After days of record closes, markets on Wednesday sold off: the TSX -0.85%, the S&P -0.34%, and the Dow -0.94% though the Nasdaq gained 0.16%. The run in precious metals reversed as silver slid US$3 to US$78.15 and gold fell $40 to […]
The new year rally extended to Tuesday as precious metals and computer memory stocks powered the Toronto and New York markets to record highs. The TSX rallied 0.58% or 188 points to a record close of 32,407, while the S&P […]
Monday markets in North America surged after Trump ordered the invasion of Venezuela and capture of Nicolas Maduro over the weekend. Though of dubious legality, Maduro’s capture signalled to markets that the U.S. oil industry would thrive, while some fretted over Canadian energy. […]
After a post-Christmas slump, markets in Toronto and New York began 2026 up: the TSX 0.54% or 170 points. the S&P 0.19%, the Dow 0.66% and the Nasdaq essentially flat, down 6 points. On Bay Street, nine sectors were positive, led […]
Wednesday marked the end of 2025, one of the best years for market returns, as well as the retirement of the greatest investor of all time, Warren Buffet. The last trading session of 2025 saw a modest sell-off in Toronto […]
There’s still no sign of a Santa Claus rally as markets continued to fade on Tuesday. On the last full trading day of the year, the S&P closed -0.14%, the Nasdaq -0.24% and the Dow -0.2%. The TSX almost finished […]
Santa Claus was nowhere in sight on Bay or Wall streets Monday as the indices declined and minerals slid. The S&P closed -0.35%, the Nasdaq -0.5% or 118 points, the Dow -0.51% and the TSX -0.32% or over 100 points. […]
Silver continued its record run on Friday by topping US$79. Otherwise, it was a predictably quiet day on the post-Christmas markets with the three major indices and the TSX losing only a handful of points on very light trading. In […]
Volumes were typically low during the shortened trading session on Christmas Eve, but markets still gained. Moves were modest either way, but the Nasdaq climbed 0.22%, the Dow 0.6% and the S&P 0.32%, but set a record close of 6,932. […]
The TSX added 46 points to make yet another record close. Led by healthcare and utilities, the Canadian index reached 32,046 by the closing bell while discretionary lagged the most. Sectors were mixed. Minerals continued to rise to new heights […]
Precious metals powered gold, silver and the TSX to record highs on Monday. The Canadian index rallied 229 points to 31,985 while minerals were by far the strongest sector. Energy also performed well, while healthcare was among the four lagging […]
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 […]
