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 slipped 0.3% to close at 26,210 on Thursday, retreating from a record high set the previous session. The index underperformed its US counterparts due to its lower exposure to the technology sector. Macro Update: A US federal court ruled that former President Trump exceeded his authority in imposing “reciprocal” tariffs and ordered them vacated. However, an appeals court reinstated the levies on Thursday, and the administration signaled it may ask the Supreme Court to pause the lower court's ruling. The Federal Reserve kept the funds rate at 4.25%–4.50% for a third consecutive meeting in May 2025, in line with expectations. Top Movers and Losers: RBC shares dropped 3.3% after missing second-quarter earnings estimates, weighing on TD Bank …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index finished marginally lower at the 26,259 level on Wednesday, retreating after briefly touching the 26,310 mark for the first time, as optimism was tempered by the release of the US Federal Reserve’s May meeting minutes. Macro Update: Fed officials assessed that the announced tariff increases had been significantly larger and more extensive than anticipated and noted considerable uncertainty surrounding the direction of trade policy and the magnitude, scope, timing, and duration of its economic effects, minutes from the May FOMC meeting showed. The Federal Reserve kept the funds rate at 4.25%–4.50% for a third consecutive meeting in May 2025, in line with expectations. Top Movers and Losers: Shares of Bank of Montreal rose 1.9% after the bank …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index added 0.75% to close at 26,269.00 on Tuesday, a fresh record. This rise was fueled by a robust performance on Wall Street and a hopeful outlook for Toronto's dominant financial industry. Stocks in more speculative sectors continued their upward trend as news of delayed tariffs against the EU by US President Trump eased concerns about a trade dispute. Macro Update: Despite signs of improving economic sentiment and progress in trade talks, markets stayed cautious. The Fed’s preferred inflation gauge, the core PCE index, is due on Friday. Fed officials, including New York Fed President John Williams, have stressed the need to act decisively if inflation strays from target. The Fed has kept interest rates at 4.25%-4.50% since December, balancing inflation control …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index closed up 0.75% at a fresh record high of 26073 on Monday, buoyed by a broadly positive market sentiment as investors welcomed President Trump’s decision to postpone a planned 50% tariff on EU imports, delaying it until July 9th. Macro Update: Canada's manufacturing sales are expected to decline by 2% in April, following a 1.4% drop in March. Preliminary data points to significant losses in the petroleum and coal products sector, as well as in motor vehicle manufacturing. Top Movers and Losers: Among individual movers, ATS Corporation surged over 20%, with Brookfield (2.3%) and Shopify (2.7%) also ranking among the top performers. On the downside, Ivanhoe Mines was the session’s biggest decliner, sliding nearly 16% after suspending …
Image Source : Krish Capital Pty Ltd Index Update: Canadian stocks moved to the downside early in the trading day on Friday but rebounded over the course of the session. The benchmark S&P/TSX Composite Index climbed well off its early lows before ending the day up 25.94 points or 0.1 percent at 25,879.95. Macro Update: Statistics Canada released a report showing retail sales climbed by 0.8 percent in March, led by increases at motor vehicle and parts dealers. Core retail sales, which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers, edged up by 0.2 percent in March. Top Movers and Losers: The best performers of the session on the S&P/TSX Composite were Energy Fuels Inc. (TSX: EFR), which rose 18.08%. Meanwhile, NexGen Energy Ltd. (TSX:NXE) added …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index added 0.06% to close at 25,854.01 on Thursday, as the market continued to pull back from Tuesday's record high. Investors were weighing the risks posed by higher fiscal deficits in the US after the US House approved a tax bill expected to significantly increase the budget deficit, adding to recent concerns about US debt and credit rating downgrades. Macro Update: The Canadian Raw Materials Price Index (RMPI) experienced its most significant monthly decline since September 2024, falling 3.0% in April 2025 after a 1.0% drop in March. This surpassed market expectations for a 2.2% decrease. The primary driver was an 8.1% fall in crude energy products, with conventional crude oil down 9.4%, influenced by OPEC output adjustments and global demand uncertainty. Additionally, …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index dropped 0.83% to close at 25,839.17 on Wednesday. The downturn was largely attributed to prevailing U.S. trade and fiscal uncertainties and mixed domestic economic signals. Stalemate in Congress over President Trump’s tax proposals, alongside stalled progress in key trade talks, particularly weighed on export-oriented industries. Macro Update: In Canada, concerns about the real estate market resurfaced as April's new housing price index fell 0.4%, ending a two-month stable trend. Major banks set aside over CAD 1 billion in loan loss provisions amid growing household debt. Meanwhile, core inflation rose to 2.9%, lowering the chances of a June interest rate cut to around 35%. In May 2025, Canada’s CFIB long-term business outlook rose to 40.0, a three-month high …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index, which climbed to a record high of 26,117.13, closed 83.70 points in gain at 26,055.63. Macro Update: Data from Statistics Canada said the annual inflation rate in Canada fell to 1.7% in April from 2.3% in the previous month, slightly above market expectations of 1.6%. The reading marked the softest increase in consumer prices in seven months. The CPI in Canada decreased 0.1% month-over-month in April, the first fall in four months, compared to a 0.3% rise in March and forecasts of a 0.2% drop. The annual core inflation rate in Canada rose to 2.5% in April from 2.2% in the prior month. On a monthly basis, core consumer prices rose by 0.5% in April, accelerating …
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