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Tech leads Friday slide

The post-U.S. election rally was definitely over by Friday with all major indices on Wall Street selling sharply. Tech, which rallied the most after the vote, sank the most during the session and week. The Nasdaq closed the day -2.24% […]

TSX hits high, Wall Street slumps

The TSX traded above 25,000 for all of Thursday and ended the session with a new closing high. The Canadian index rose 0.22%, led by energy, but lagged by tech. Major movers: Atkins Realis Group leapt 15.67%, Paramount Resources 15.32%, […]

TSX hits high, Wall Street flat

As the post-election rally faded in the U.S., the TSX climbed 0.26% higher on Wednesday to make a new closing high. It was just shy of 25,000, led by outsized gains in tech stocks. Actually, only four of 11 sectors […]

Shopify leads TSX to 25,000, Wall St. fades

Shopify reported a blow-out quarter that helped lift the TSX to 25,000 Tuesday morning. The TSX closed below that mark, but still notched a 0.54% gain. Nearly all sectors lost ground as materials and energy led the laggards, though. Shopify […]

Markets both high and flat

The post-US election rally continued into the new week, though only partially. The Dow rose another 0.68% or 300 points to a new high of almost 44,300 while the TSX advanced 0.12% nearly its own new high. TSX sectors were […]
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Markets tentatively climb as oil finds relief

Allan Tong Posted On March 19, 2020
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Markets modestly rose in Thursday trading as more financial measures from world governments were announced. The Nasdaq rose 2.3%, while the Dow, S&P and TSX climbed below 1%. Investors were heartened to see green on their screens after days of brutal routs.

The story in Toronto was oil. The battered commodity saw a relief rally of sorts as the price of crude soared 25%. Advantage Oil & Gas jumped accordingly at 27.36%, while Torc Oil & Gas moved up 21.74%. Surprisingly, smaller Canadian airlines, Cargojet and Chorus Aviation rebounded nearly 16.9% and 15.21% respectively, though Air Canada continued to sink by 5.81%. The driver in the States was big tech as investors grew a tad more confident in chasing. Broadcom soared nearly 16% while Amazon continued to climb, up 2.78%. Despite the gain, U.S. markets have lost the gains made during Trump’s presidency.

Other numbers that investors are closely watching are new cases in the U.S., but also China. China has reported for the first time zero new cases. This is a major turning point in the virus war. In an ironic reversal, China is now escalating its quarantining measures for international arrivals. Europe and North America lag behind, so the hope is that the virus will level off in these countries in due time. Stay tuned and stay safe.

🛢 Advantage Oil & Gas Ltd +27.36%
🛢 Torc Oil & Gas Ltd +21.74%
✈ Cargojet Inc +16.90%
✈ Chorus Aviation Inc +15.21%
✈ Air Canada -5.81%
💾 Broadcom +16%
📦 Amazon.com +2.78%




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