After the close with Allan
Bay and Wall streets backed away from recent record highs on Tuesday, finishing mildly in the red. However, annual inflation in Canada for September came in at 1.6%, which was below expectations and returned to its lowest level since February […]
As the TSX closed for Canadian Thanksgiving, Wall Street roared to new highs Monday. The S&P rallied 0.83% to a new record close of 5,863 and the Dow advanced 0.54% to a high of 43,093. Meanwhile, the Nasdaq jumped nearly […]
In the U.S. Friday, bank earnings began and the positive surprises helped lift markets on Wall and Bay streets to new highs. For instance, Wells Fargo jumped 5.96%, pushing the S&P 0.68% higher as the Nasdaq climbed 0.44% and the […]
An Iranian missile attack on Israel prompted a sharp rally in crude oil, which lifted the TSX by 45 points to a record close of 24,270. WTI itself jumped 3.75% to US$76 a barrel. TSX sectors were actually mixed, but […]
On Wednesday, the TSX rose 0.6% to reach a new close of 24,224. Apart from mild weakness in telcos, every sector rally, most pronounced in tech and consumer discretionary. Major movers on Bay Street included CNQ up 1.01% as the […]
On Tuesday, Beijing revealed details of its economic stimulus plan to revive the flagging Chinese economy, but it disappointed stock markets in North America initially. By the close, though, markets saw some gains: the S&P was up 0.7%, the Nasdaq […]
Volatility returned to markets to start the week. The S&P and Dow sank nearly 1% as the Nasdaq fell 1.25% to close below 18,000. Utilities and communication services were particularly weak. Major movers: Super Micro Computer soared 16.98%, Nvidia 2.43%, […]
The trading week ended with a rally, sparked by a U.S. jobs report that saw large, unexpected gains in September. The news propelled stocks on both sides of the border higher and recovered the losses from days of worry from […]
As Washington threatens to enter the conflict between Israel and Iran, oil prices spiked Thursday. WTI jumped 5.25% to US$73.75. By far, energy was the strongest sector on the TSX as most others fell, led by real estate and materials. […]
Bay and Wall streets were calmer Wednesday, a day after new Mideast tensions and a U.S. dock strike rattled investors. The S&P was flat, adding only two points, while the Nasdaq rose 0.24% and the Dow 0.12%. Key names included […]
Q4 began with a spike in Mideast tensions as Iran now entered the fray against Israel. Oil prices spiked with WTI jumping 3.7% to US $70.70 a barrel, and gold rising US$27 to US$2,661 an ounce. If not for oil, […]
The U.S. Fed chief, Jay Powell, today signaled more–but gradual–interest rate cuts ahead, based on economic data, adding that the American economy is in “solid shape”. His sentiments helped lift the S&P by 0.42% and the Dow by 17 points […]
A record-breaking week ended on a mixed note with the Dow closing 0.33% higher at a high of 42,313, while the TSX and Nasdaq gave back around 0.33% and the S&P slipped 0.13%. That said, the TSX still advanced 0.37% […]
Markets roared Thursday on both sides of the border. News of economic stimulus in China as well as the U.S.’s Q2 GDP beating expectations fueled optimism (or euphoria) on Bay and Wall streets. The TSX closed above 24,000 for the […]
Stocks in Toronto and New York took a step back Wednesday after reaching record highs the day before. The TSX retreated 11 points as energy and discretionary led the laggards. Only four sectors gained, led by utilities. Major movers on […]
Briefly after the opening bell Tuesday, the TSX cracked 24,000, and closed the session 0.33% higher at a record 23,972. Most Canadian sectors rallied, led by minerals, which enjoyed a boost from stimulus measures announced by China’s government to support […]
The TSX, S&P and Dow all made fresh highs Monday as the rally continued. The rally was triggered by the U.S. Fed cutting interest rates last Wednesday by 0.5%. Gains on Monday were measured, but the TSX still added 0.11% […]
The TSX and Dow added a handful of points on Friday to technically reach new record highs. The Canadian index gained 1.25% over the week and the Dow added 1.6%, driven by the U.S. Fed’s 50-point rate cut. The S&P […]
Call it a delayed reaction to the U.S. Fed cutting interest rates by 50 basis points the day before. On Thursday, markets in New York and Toronto soared to new highs. All but the Nasdaq made records. The Nasdaq leapt […]
On Wednesday afternoon, the U.S. Fed’s Jerome Powell cut interest rates by 50 basis points, signalling the end of its inflation fight. The street had been split between 25 and 50 points. Markets initially rallied, but faded into the close. […]
Tuesday saw August’s inflation rate in Canada fall to 2.0%, hitting the Bank of Canada’s target and signaling that interest rates will fall further. This news comes on the eve of the U.S. Fed’s decision on American rates, widely expected […]
The TSC continued its hitting streak to start the week by rallying 0.62% or 145 points to 23,714. Most sectors gained, led by healthcare, tech and energy. WTI crude jumped 2.6% to return above US$70 a barrel as gold added […]
Friday the 13th was lucky for the TSX which hit another new high after rising 0.4% on the strength of all but three sectors. Real estate and materials led while staples were modestly weak. Major movers: CNQ -2.03%, B2Gold 2.62%, […]
Green lit up trading boards on Thursday, especially in Canada as the TSX rose 1.12% or about 260 points to close at a new high of 23,470. Shining brightest were mining stocks: B2gold 12.9%, First Majestic Silver 11.97%, Calibre Mining […]
The latest CPI number in the U.S. came in slightly lower than expected at 2.5% year over year instead of 2.6%. In August, prices climbed 0.2% over the previous month as predicted. Markets greeted the news by buying: the Nasdaq […]
