November ended on a generally positive note as most of the major indices gained for the day and all for the month. Thursday’s session began with a flurry of headlines. In Canada, GDP unexpectedly shrunk 1.1% in Q3, while two banks beat on earnings and a third missed, pressured by loan-loss provisions. <\/p>\n\n\n\n
Beating were Royal<\/a> and CIBC<\/a>, up 2.45% and 5.13% respectively, though the latter came in with low expectations. Missing earnings was TD<\/a> which slipped -0.67% after recovering some earlier losses. Manulife<\/a> added 1.3% as the most-traded stock, Canfor<\/a> closed -7.12% and Lightspeed<\/a> -4.47%. Despite OPEC+ announcing production cuts, WTI crude sank 2.9% to $75.50. The TSX climbed 0.63% on Wednesday and 7.2% for the month.<\/p>\n\n\n\n South of the border, PCE was unchanged in October and up only 3.0% year-over-year compared to 0.4% and 3.4% YOY respectively in September. This cooler inflation data pumped the Dow to new highs of nearly 36,000 as it surged 1.47% for the session and 8.9% for the month. The S&P also rallied 8.9% in November and added 0.38% for the day. In contrast, the Nasdaq closed the session at -0.23%, but jumped 10.7% for November. Key movers were Salesforce<\/a> soaring 9.36%, Ford<\/a> -3.12% and Nvidia<\/a> -2.85%. The U.S. 10-year yield hovered around 4.34% while Bitcoin<\/a> declined 0.2% to $37,700.<\/p>\n\n\n\n 🏛 Royal Bank\u00a0(RY-T)<\/a> +2.45%<\/p>\n\n\n\n 🏛 Canadian Imperial Bank of Commerce (CIBC)\u00a0(CM-T)<\/a> +5.13%<\/p>\n\n\n\n 🏛 Toronto Dominion\u00a0(TD-T)<\/a> -0.67%<\/p>\n\n\n\n 🏛 Manulife Financial\u00a0(MFC-T)<\/a> +1.3%<\/p>\n\n\n\n 🌲 Canfor Corp\u00a0(CFP-T)<\/a> -7.12%<\/p>\n\n\n\n 💾 Lightspeed Commerce Inc\u00a0(LSPD-T)<\/a> -4.47%<\/p>\n\n\n\n ☁ SalesForce.com Inc.\u00a0(CRM-N)<\/a> +9.36%<\/p>\n\n\n\n 🚘 Ford Motor\u00a0(F-N)<\/a> -3.12%<\/p>\n\n\n\n