After the close with Allan
After Prime Minister Trudeau had a phone meeting with Trump late Monday, Trump postponed tariffs on Canadian goods for a month. Markets stabilized Tuesday to show modest gains. The TSX added 0.15% as eight sectors rose, led by energy, tech […]
Futures were solidly red over the weekend when Trump confirmed tariffs against Canada, Mexico and China, and markets tanked when they opened Monday morning. The TSX slid 3% at the open, rarely seen, but recovered throughout the day to close […]
January and the week ended on a bearish note with widespread selling on Bay and Wall streets as Trump’s tariffs loom. Right before the closing bell, the White House said that Trump would announce on February 1 25% tariffs on […]
All sectors on the TSX rallied as the Canadian index surged 1.3% to 25,809. Tech, materials and healthcare led the way, fueled by Celestica which soared 14.34% on a blowout quarter. Other winners were Fortuna, up 9.24%, First Majestic Silver […]
It was a tale of two markets on Wednesday. The Bank of Canada cut the key lending rate by an expected 25 basis points to 3.0%. Though sectors were mixed, the TSX added 40 points or 0.16% as energy and […]
Following Monday’s rout triggered by the sudden success of Chinese AI company, DeepSeek, to threaten ChatGPT’s dominance, tech stocks on Tuesday mounted a rebound. Many beaten up stocks recovered some of their losses, starting with bellwether Nvidia, which rallied 8.93%. […]
The trading week began with DeepSeek toppling ChatGPT as the top-rated free application on Apple’s app store in the U.S. The news sent shockwaves across the U.S tech market. Developed in China, DeepSeek, many say (including Silicon Valley) is better […]
Markets gained for the week, but Wall Street was down on Friday while the TSX modestly rose. In Toronto, materials and discretionary led most sectors higher while energy was among the four laggards. The Bank of Montreal was the most […]
A late-day surge pushed tepid markets higher to close Thursday, as the S&P topped 6,100 and made a new high. The Dow rallied 0.92% and the Nasdaq edged up by 0.22%. Among the major movers on Wall Street were GE, […]
Though trading was more mixed on Bay Street, the major U.S. indices saw convincing gains, led by tech. The Nasdaq returned to 20,000 after rising 1.28%. It was helped by a blow-out quarter from Netflix which soared 9.69%. Meanwhile, Nvidia […]
Bitcoin topped US$106,000 by the closing bell, after rallying US$3,700 on Tuesday. Meanwhile, stocks in both New York and Toronto finished modestly higher after a weak start. The S&P returned to 6,000 after climbing 0.88%, the Nasdaq 0.64% and the […]
Wall Street was closed Monday to honour civil rights leader, Martin Luther King, Jr., but the TSX advanced 0.34%. Most sectors enjoyed gains, led by energy and materials, while only four sectors lagged slightly, including tech. Major movers included Bombardier […]
A choppy week ended on a positive note as markets in Toronto and New York rallied convincingly on Friday. All sectors were green on Bay Street as the TSX advanced 0.89% for the session and 1.2% for the week. Utilities […]
A day after cool U.S. inflation data triggered a strong rally, American stock gave back part of those gains as the TSX continued to rise. The Canadian index added 0.23% as most sectors rallied. Tech, staples and especially utilities rose […]
Consumer inflation clocked in the U.S. at 2.9% in December year-over-year, while core inflation was 3.2%, both meeting the street’s expectations. However, December’s figure was higher than November’s 2.7% though core inflation was 3.3% in previous months. Despite the mixed […]
Markets in Toronto and New York ended their losing streaks, but also failed to rebound. The S&P was flat, gaining six points, the Dow advanced 0.52%, the Nasdaq -0.23% and the TSX 0.14% in mixed trading. On Bay Street, materials […]
Hot U.S. hot employment numbers from last Friday continued to fuel investor fears on Wall Street of the U.S. Fed slowing or even reversing interest rate cuts this year. The U.S. 10-year yield touched 4.8%, its highest in 52 weeks. […]
The week ended on a sharp sell-off after the latest U.S. jobs report came in hotter than expected. The December unemployment rate unexpectedly fell from 4.1% from 4.2% to reflect a robust economy. However, this news stirred fears of rising […]
Per tradition, the NYSE was closed Thursday in honour of Jimmy Carter, who served as U.S. President from 1977 to 1981. As Mr. Carter was laid to rest, the TSX resumed business as usual by climbing 0.16% or 40 points. […]
The TSX climbed 0.46% Wednesday to return above 25,000, mainly on strength from tech and materials. Tech led seven sectors down. As gold advanced US$14 to US$2,663 an ounce, Equinox Gold popped 10.01% and Calibre Mining jumped 9.5%. Meanwhile, Celestica […]
Stocks faded into Tuesday’s close on both sides of the border. In New York, the S&P ended the session -1.11%, the Nasdaq -1.89% or 375 points, and the Dow -0.42%. Major movers were recent winners taking serious losses: Nvidia -6.22%, […]
As expected, Prime Minister Justin Trudeau announced his resignation Monday morning, and will stay in his role until the Liberals choose a new leader. The TSX closed on weakness, down 0.29% to fall below 25,000. Only three of 11 sectors […]
Markets in New York as well as Toronto rallied Friday, but the three major American indices finished the week in the red. The TSX added 0.7% or 170 points for the session, advancing nearly 1% for the week. Real estate, […]
The new year began positively in both Toronto and New York, but Thursday’s session ended with the TSX up 0.69% or 170 points and the American indices down. On Bay Street, only financials were negative, and mildly so, while materials […]
The last trading day of the year was mixed with the Dow more or less flat, down a handful of points, while the S&P closed -0.43% and the Nasdaq -0.9%. However, that hardly made a dent on a strong 2024. […]
