Daily

Friday saw a modest Santa Claus rally as all the major indices closed positive and gently rose during a low-volume session. Friday halted a losing streak this week. The S&P finished 0.57% on Friday and -0.23% for the week, the […]

On Thursday, U.S. jobless numbers remained at historic lows, triggering a sharp market sell-off across all sectors of the S&P as well as the TSX. American markets surrendered the gains of the session of the day before: the S&P -1.45%, […]

Wednesday saw American markets rally 1.5% across the board with all sectors positive after Nike and FedEx posting surprisingly good earnings and the latest U.S. consumer sentiment data impressed. Also, home sales and prices continued to fall, which will please […]

Tuesday saw oil, minerals and other commodities lift the TSX by 0.55%. Sectors were mixed, but energy, financials and materials rallied while consumer discretionary and staples lagged. Suncor was the most-traded stock, adding 1.6%. Barrick Gold jumped 4.16%, Cenovus 2.51%, […]

Hawkish comments by various central and regional banks in America and abroad fed market pessimism Monday. Investors were already processing comments by the U.S. Fed last week about hiking interest rates for longer. To start the week, the S&P closed […]

The Grinch hit markets this week, driven by hawkish U.S. Fed comments and lingering pessimism about a recession in the new year. The S&P closed Friday -1.12%, or -2.21% for the week, below 3,900, the Nasdaq -0.97% Friday and -2.81% […]

A day after the U.S. Fed raised American interest rates by 50 basis points and issued hawkish comments about the economy, markets continued to slide Thursday. The S&P closed -2.49% below 3,900, the Nasdaq -3.23% and the Dow -2.25%. There […]

On Thursday, U.S. Fed Chair Jerome Powell raised interest rates by 50 basis points, which was widely expected, but expressed slightly hawkish comments that the Fed still “has a ways to go.” The S&P closed -0.61% to fall below 4,000, […]

Lighter-than-expected U.S. inflation numbers propelled a strong rally early Tuesday, but those gains faded throughout the day. Nonetheless, the S&P still gained 0.73%, the Nasdaq 1.01%, and the Dow 0.3%. Meanwhile, crude oil rally as WTI popped 3% to $75. […]

The week began with the bulls dominating Wall Street and, to a lesser extent, Bay Street. Investors were buying ahead of Tuesday’s U.S. CPI data and the Wednesday U.S. Fed Bank hike, widely expected to be 50 basis points. Monday […]

Friday saw markets tumble to close a week of declines, driven by recessionary fears. On Wall Street, the S&P closed -0.73% for the day but -3.31% for the week, the Nasdaq -0.7% (day) and -3.31% (week), and the Dow -0.9% […]

Thursday saw Canadian and American markets snap their losing streaks as stocks rebounded. The S&P closed 0.57% higher, the Nasdaq 0.95% past 11,000, and the Dow 0.34%. Tech enjoyed a lift as Amazon rallied 2.03% and Nvidia 6.46%, though Alphabet […]

Despite a fall in crude oil prices, markets on both sides of the border stabilized after recent selling driven by recessionary fears. The TSX was basically flat on Wednesday when the Bank of Canada increased its key interest rate by […]

Tuesday played out like Monday’s session as more talk of a 2023 recession pushed stocks down across the board. American CEOs, particularly the major banks, predicted a recession of varying severity, which made an already-nervous market more anxious. All sectors […]

Monday saw recessionary fears sink markets. Meanwhile, OPEC+ announced it will maintain current oil output levels. Energy took a beating on Bay Street as the worst-performing sector. The TSX sank 1.25% and saw only utilities and telcos gain any ground. […]

The week ended on higher-than-expected employment numbers out of the U.S. which triggered a sell-off early Friday, but mostly recovered by the close. The S&P finished the session -0.12%, but advanced 1.66% for the week, the Nasdaq was -0.18%, but […]

Thursday saw markets swing between green and red, a day after the U.S. Fed’s comments that it would temper its interest rate hikes. Earnings, good and bad, dominated in the indices. In Canada, the TSX climbed 0.35% with all but […]

Markets, particular in the U.S., were treading water this week until the U.S. Fed’s Jay Powell made his latest comments Wednesday afternoon, signalling a moderation in interest rate hikes. Specifically, he suggested the Fed will “downshift” to a 0.5% hike […]

A modest recovery in crude oil prices helped lift the TSX by 0.3% Tuesday though sectors were mixed between red and green. Materials as well as energy rallied while consumer staples lagged. Major movers included Teck Resources jumping 7.77%, Barrick […]

Beijing’s strict zero-Covid policy is triggering demonstrations in China and worrying investors on this side of the world. Though relatively low compared to other countries, China’s Covid cases are rising (unsurprising given the colder weather) and prompting that authoritarian government […]

Volumes were predictably light as Wall Street traded for only half of Black Friday while the TSX rose modestly. Toronto advanced 0.2%, led by consumer staples, real estate and utilities while materials lagged. Most sectors were in the green. Notable […]

With the American markets closed for their Thanksgiving, the TSX advanced 0.3% in light trading. Most sectors were positive, except for mild declines in consumer staples and utilities. Materials and real estate led the gainers. Making moves were Corus Entertainment, […]

On Wednesday, Wall Street rallied before the American Thanksgiving break while rising supplies pressured crude oil prices. With ten of 11 sectors up, the S&P closed 0.59% to stay above 4,000, the Nasdaq added nearly 1%, and the Dow climbed […]

Markets across the board rebounded on Tuesday and closed on strength, mere days before the U.S. Thanksgiving break. The TSX returned to 20,000 territory by advancing 1.22%. Apart from weakness in health care and flatness in telcos, all the Toronto […]