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As the TSX inched up 0.5% to return above 22,000 Tuesday, Wall Street rallied into the close to extend Monday’s gains. The S&P closed 1.23%, the Nasdaq 1.84% and the Dow 0.97%. Tech led gains yet again: Adobe 3.63%, Airbnb […]

The trading week began with oil sliding 9%, triggered by a lockdown in Shanghai to contain increasing Covid cases that will lead to lower oil demand. WTI and WCS shed $10 a barrel to $103 and $92 respectively. Oil’s weakness […]

Stocks edged up Friday to close a positive week, despite ongoing geopolitical turmoil. The S&P advanced 0.51% for the session, the Nasdaq -0.16% and the Dow 0.44%. However, the S&P and Dow have now climbed within 6% of their all-time […]

A 3% decline in crude oil prices kept the TSX flat on Thursday, but Wall Street indices rallied into the close. The S&P finished 1.44%, the Nasdaq 1.93% and the Dow 1.01%, led by tech. Despite that, the U.S. 10-year […]

Stocks on Wednesday gave back recent gains. The S&P closed -1.23%, the Nasdaq -1.32% and the Dow -1.29%. On Wall Street, energy and utilities thrived while financials and industrials lagged. Losing ground were Adobe, down 9.14%, after issuing disappointing guidance […]

Investors on both sides of the border saw an ocean of green on their trading screens Tuesday as the TSX made yet another record close, but also American stocks rallied. The TSX advanced 0.3% to 22,074, led by tech and […]

The TSX made another record high on Monday, closing up 0.87% to 22,009. Natural resources continued to surge, including uranium which helped propel Cameco by 6.75%. Other big movers were Lithium Americas up 8.12%, Vermilion Energy at 7.46%, Meg Energy […]

Stocks extended recent gains on Friday to finish the week on a high note. Fueled by the ongoing commodities rally, the TSX added 0.33% to make a new high of 21,842. The Toronto index is up 1.8% for the week […]

On Thursday, stocks extended strong gains of the previous two days, but crude oil also rallied. The S&P and Dow both added 1.23%, the Nasdaq 1.33% and the TSX 1.41%. The VIX hit its lowest level since February 17, at […]

North American stocks surged for the second straight day as U.S. Fed Chair Jay Powell announced Wednesday a long-expected interest rate hike of 0.25%. Powell also signaled six more increases for 2022. Markets expected both announcements for quite some time. […]

Call it a relief rally, but Tuesday saw markets surge as crude oil dropped. The S&P rose 2.14%, the Dow 1.82% and the Nasdaq 2.92%, with all indices closing on strength. The street is pricing in a 0.25% interest rate […]

Ongoing escalation in Russia’s invasion of Ukraine and the backdrop of hot inflation continued to weigh on markets Monday as both tech stocks and oil sold off. WTI sank 7% to below $102 and WCS sank over 8.5% to $88. […]

Markets finished another negative week on the downside Friday. The prospect of the Russian invasion of Ukraine dragging on weighed on investor sentiment against a backdrop of hot inflation. The U.S. will likely raise interest rates on Monday. The S&P […]

Following a sharp rebound, stocks on Thursday drifted down, but do did oil. Markets seems to be grasping for a direction as Russian continues to attack Ukraine and the latest U.S. inflation numbers came in hot, though surprised few. The […]

Markets convincingly rebounded Wednesday, a day after U.S. President Joe Biden announced gas and oil sanctions against Russia for invading Ukraine. The S&P closed up 2.57%, the Nasdaq 3.6% and the Dow 2%. After an incredible surge since Russian aggression […]

On Tuesday morning, U.S. President Biden announced long-awaited oil sanctions against Russian oil. Wall Street markets were tanking until that announcement, then see-sawed between red and green for the rest of the session though closed off the day’s lows. The […]

Western countries are considering sanctioning Russian oil to punish Russia for illegally invading Ukraine. The news triggered a sharp sell-off in world equities Monday. The S&P closed -2.95%, the Dow -2.37% and the Nasdaq -3.62%. As in recent sessions, surging […]

Overnight news of Russia attacking Ukraine’s largest nuclear power plant triggered global fears of a catastrophe and plunged markets at the Friday open. Though the Russian army reportedly captured the plan and did not unleash radiation, the selling continued through […]

A choppy Thursday ended with the TSX slipping by only five points, but seeing the American indices decline. Wall Street continued to digest the U.S. Fed’s announcement of hiking interest rates by 0.25% later this month while most of the […]

To no one’s surprise on Wednesday, the Bank of Canada raised the key interest rate from 0.25% to 0.5%. However, markets surged after the U.S. Fed’s Jay Powell told Congress that he will raise rates by that same measure in […]

Tuesday extended Monday’s losses as Russia’s barbaric invasion of Ukraine raged on. The price of WTI crude oil soared over 10% to shatter $100 a barrel for the first time since 2014. Meanwhile, other asset classes sank. The S&P closed […]

As Russia was hammered by several new economic sanctions, stocks lacked direction and closed mixed on Monday, though off the session’s lows. The S&P finished -0.26%, the Nasdaq 0.41% after dipping in and out of the red, and the Dow […]

As Vladimir Putin’s Russian forces continued to attack Ukraine in an unjustified invasion, markets rallied for the second-straight day. On Friday, the S&P gained 2.24%, the Nasdaq 1.64% and the Dow 2.51% in its best day in 2022 as all […]

Markets plunged Thursday after Vladimir Putin deployed Russian forces to invade Ukraine. North American futures were deep in the red when they opened as many stocks plunged more than 3%. However, as the session wore on, traders rotated out of […]