A concise overview of the day's financial market activity, highlighting key stock movements, trends, and major events. Stay updated on market performance and critical shifts that impact your investments.
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index edged 0.75% to 25,161.18 on Wednesday, a one-month high. Markets were buoyed by a de-escalation in global trade tensions and a more accommodative stance from the US Federal Reserve, which signaled a potential pause or slowdown in rate hikes. This supportive policy backdrop helped fuel investor optimism, particularly benefiting interest rate-sensitive sectors like financial and growth-oriented industries such as technology. Macro Update: Investor sentiment received an additional boost following Prime Minister Mark Carney’s first meeting with U.S. President Donald Trump at the White House on Tuesday, which both leaders described as constructive, though no concrete trade shifts were announced. Hopes of de-escalation were reinforced by plans for U.S. and Chinese officials to meet in Switzerland this weekend—an …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index edged 0.08% to 24,974.72 on Tuesday, as strong gains in the energy and materials sectors were offset by renewed trade-war jitters and defensive positioning ahead of key central-bank meetings. Meanwhile, diplomatic strains added to market unease, following a pointed exchange between Trump and Prime Minister Mark Carney, when Carney declared “Canada is not for sale.” Macro Update: Canada’s economic momentum softened in early 2025, as the Ivey PMI slipped into contraction territory at 47.9 in April, signaling a contraction in economic activity for the first time since January. The employment index also declined to 48 from 48.2, pointing to a reduction in workforce levels. Meanwhile, exports edged down 0.2% in March, hitting their lowest level since November, largely …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index fell by 0.31% to 24,953.52 on Monday, trimming last week’s 1% advance. Canadian equities faced headwinds from falling oil prices and renewed trade-policy tensions. Energy stocks bore the brunt of the decline, after OPEC+ announced a second consecutive month of accelerated output increase. Macro Update: President Trump’s unexpected 100% tariff on foreign-produced films reignited concerns over broader retaliatory measures that could weigh on global demand for Canadian resource exports. Mixed signals from Beijing regarding U.S. trade talks further dashed hopes for a near-term resolution. The S&P Global Canada Composite PMI fell to 41.7 in April 2024 from 42 in the previous month, marking the fifth consecutive contraction in the country's private sector and the steepest decline since …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index rose over 0.95% to 25,031.51 on Friday, marking its fourth consecutive weekly gain. The underpinned sentiments were positive because of easing US-China trade tensions and a stronger than expected US jobs report lifted investor sentiments. The rally was driven by Beijing’s signal to resume trade talks, contingent on the US scaling back tariffs, easing concerns over prolonged trade frictions. Macro Update: The Canadian dollar traded at 1.38 per USD, earing its strongest level since October, supported by strong G10 currency momentum, amid softer concerns of a recession domestically and a weak dollar. Canadian GDP grew 0.1% in March, despite declines in key commodities, signaling resilience against US weakness. Politically, the Liberal Party won a fourth consecutive election …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index showed a downside of 0.19% to 24,795.55 on Thursday, weighed down by losses in major Materials, Telecoms and Consumer Staples sectors, though gains in tech and energy shares broadly offset the pressure. Macro Update: Canada's manufacturing sector contracted for the third straight month in April 2025, with the S&P Global Canada Manufacturing PMI dropping to a 5-year low of 45.3, down from 46.3 in March. Businesses attributed this significant downturn in production and new orders, largely to tariffs and the uncertainty surrounding US trade policies, which also caused a dramatic five-year high in the decline of new export orders. Meanwhile in the US, the latest GDP, private payrolls and weekly jobless claims data pointed to slowing US economic activity, supporting bets …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index showed a downside of 0.13% to 24,841.68 on Wednesday, as investors absorbed growing signs of slowing economic activity in North America and ongoing trade-policy challenges. Macro Update: Canada’s economy contracted by 0.2% in February, led by a 2.5% drop in mining and oil-and-gas output and a 0.5% decline in construction, underscoring weakening demand across the country’s commodity-driven sectors. Similarly, Wall Street posted notable losses as U.S. GDP unexpectedly declined in the first quarter, reflecting the initial negative impact of tariff threats and rising policy uncertainty under President Trump. Top Movers and Losers: The biggest gainers of the session on the S&P/TSX Composite were New Gold Inc (TSX: NGD), which rose 19.35%, Gildan Activewear Inc. (TSX: GIL) added 7.12% and Badger Infrastructure Solutions Ltd (TSX: BDGI) …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index showed an upside of 0.31% to 24,874.48 on Tuesday, reaching its highest level over the three weeks. This upward momentum reflected investors’ favorable reaction to Liberty Party’s minority win. Market confidence was notably bolstered by Carney’s commitment to push back firmly against U.S. import duties, even in the absence of a parliamentary majority. Macro Update: Canadian 10-year yields have surpassed 3.18% influenced by Liberal’s fiscal outlook and Bank of Canada’s conservative stance. The central bank decided to retain 2.75% policy rate, due to sustained core inflation and the dual risks of U.S. recession or stagnation. The Canadian dollar traded near a six-month zenith at the 1.38 per USD level benefited from a sustained flight from USD assets …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index showed an upside of 0.37% at 24,798.59 on Monday, reaching its highest level over the three weeks led by gains in technology and financials stocks as investor remain cautiously optimistic as Canada approached its general election, with both major parties advocating pro-growth and trade-friendly platforms. Macro Update: Prime Minister Mark Carney and Conservative leader Pierre Poilievre concluded their campaigns on Sunday, with Liberal Party maintaining a narrow lead in popular support ahead of the final voting. Canadia Wholesale sales declined by 0.3% MoM in March 2025, reversing 0.3% gain in February. The marks the first decline in seven months, driven by decreased activities in five of the major seven subsectors. The yield on the US 10-year Treasury …
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