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.
Index Update: 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: Rogers Communications leapt 7.2% on a BMO price-target upgrade, Teck Resources and First Quantum Metals rallied 3–3.7% on stronger copper outlooks, and Bombardier soared 21.4% after securing a 50-aircraft order. In contrast, technology underperformed, with BlackBerry down 8.2% on restructuring concerns, and defensive names such as Waste Connections, Great-West Lifeco and Cameco each slipped more than 3.5% Our Stance: Currently, the index is testing a key support level of around 26,600. Holding above this threshold is essential to preserve the prevailing bullish trend. A decisive breakdown below this level could trigger a pullback toward the next support zones near 26,400 and 26,200. Sustained movement above these levels will be crucial for maintaining upward momentum in the sessions ahead. Commodity Update: The U.S. dollar
Index Update: After opening higher than the last session, the benchmark S&P/TSX Composite Index, today inched up its way to reach a record closing high of 26,857.11, up by 164.79 (or 0.6%). Macro Update: The Canadian finance ministry announced that Canada has rescinded the digital tax on US companies and that PM Mark Carney and Trump shall hold talks to reach on a trade deal by July 21. Top Movers and Losers: Bausch Health (2.83%), Tilray (3.70%), Torex Gold 4.81(%), and Lundin Gold (6.50%) were the prominent gainer. Moreover, among the individual stocks, Baytex Energy (3.17%), Parex Resources (1.14%), Cenovus Energy (0.91%), and Vermilion Energy (0.90%) were the notable losers. Our Stance: Currently, the index is testing a key support level of around 26,600. Holding above this threshold is essential to preserve the prevailing bullish trend. A decisive breakdown below this level could trigger a pullback toward the next support zones near 26,400 and 26,200. Sustained movement above these levels will be crucial for maintaining upward momentum in the sessions ahead. Commodity Update: Today, the U.S. dollar hovered near its lowest level since February 2022, weighed down by dovish signals from Federal Reserve Chair Jerome Powell and concerns about former
Index Update: The S&P/TSX Composite Index fell 0.22% to below 26,692.32 on Friday, trimming weekly gains to 0.7%, as renewed trade tensions and weak domestic data pressured Canadian equities. President Trump’s termination of trade talks with Canada over the digital services tax and threats of retaliatory tariffs, shook confidence across trade-exposed sectors. Macro Update: Policy-Driven Rebound Hinges on Trump’s Economic Direction: Markets appear to be betting that Trump 2.0 will back away from aggressive tariff enforcement while pushing forward on tax cuts and deregulation. The removal of Section 899 retaliation tax in the “One Big Beautiful Bill” further supports bullish sentiment, though the return of tariffs after the 90-day pause remains a wildcard. Cracks Widen in the US Housing Market: Affordability has deteriorated for the 14th straight quarter, with median homeownership costs now consuming 33.7% of average income. New home sales have disappointed, inventories are climbing to 2007–09 levels, and builders are increasingly reliant on incentives to move product — all signs of a weakening sector. Housing Sector Weakness May Spill Over Into Broader Economy: The slowdown in housing threatens construction jobs and consumer confidence, both critical to economic momentum. With high mortgage rates and sluggish wage growth, the risk
Index Update: The S&P/TSX Composite Index rose 0.7% to close at 26,752 on Thursday, reaching a new record high. Macro Update: The core PCE price index in the US, which excludes volatile and energy prices and is Federal Reserve's chosen gauge of underlying inflation in the US economy, went up 0.2% from the previous month in May of 2025. Commerce Secretary Lutnick said President Trump plans to finalize about 10 trade deals in the coming weeks before the July 9 deadline for tariff reinstatements. While countries involved remain unnamed, a deal with India appears near completion. The administration may extend deadlines to continue negotiations if needed. Top Movers: he biggest gainers were NovaGold Resources Inc (TSX:NG), which rose 10.78%, HudBay Minerals Inc (TSX:HBM) added 8.32% and Ero Copper Corp (TSX:ERO) was up 8.10%. Our Stance: The index tests a key support level of around 26,500. Maintaining a position above this threshold is critical to sustaining the current uptrend. A breakdown below this level could trigger a pullback toward 26,100 and 25,900, the next notable support zones. For the bullish momentum to continue, the index must sustain movement above 26,500, with a close watch on sector leadership and volume strength in
Index Update: The S&P/TSX Composite Index slipped 0.6% to 26 566 on Wednesday, breaking its previous day high as weaker commodity prices weighed on Canada's resource-rich market. 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: The biggest gainers of the session were BlackBerry Ltd (TSX:BB), which rose 12.98% or 0.77 points to trade at 6.70 at the close. Sprott Inc. (TSX:SII) added 4.92% or 4.36 points to end at 92.93 and Celestica Inc. (TSX:CLS) was up 3.59% or 7.09 points to 204.47 in late trade. Our Stance: Notably, the index is now testing a critical support level of around 26,300. Holding above this threshold is essential to preserving bullish momentum. A sustained break below this level could open the door to a deeper pullback, with next-tier support located at 25,900 and 25,600. Commodity Update: The U.S. dollar slipped to a 3.5-year low against the euro on Thursday amid concerns over the Federal Reserve's independence. Reports suggested President Trump
Index Update: The S&P/TSX Composite Index reached an intra-day high of 26,780.19 an hour before close, the index managed to settle at 26,718.62, up by 109.26 (or 0.41 percent). Macro Update: On the economic front, data provided by Statistics Canada revealed that the annual inflation rate in Canada was at 1.7% in May, unchanged from last month, and in line with market expectations. The Month-on-Month Consumer Price Index increased 0.6% in May. CPI Median rose 3.0% year-on-year in May while the CPI Trimmed-Mean rose by 3% on a year-on-year basis. This data will be factored in during Bank of Canada's policy meeting in July. If inflation continues to ease, rate cuts by BoC could happen as investors expect. Top Movers: Lightspeed Commerce (7.02%), Celestica (5.38%), Shopify (4%), and Metro Inc (1.51%) were the prominent gainers. Among the individual stocks, International Petroleum Corp (3.98), Oceanagold Corp (5.53%), SSR Mining Inc (5.42%), and Iamgold (5.15%) were the notable losers. Our Stance: The index is currently testing a key support zone around 26,400 holding above this level is crucial to sustain the uptrend. A break below could prompt a pullback, with the next support levels seen at 26,000 and 25,700 on the daily
Index Update: The S&P/TSX Composite Index rose 0.4% to settle at 26,609 on Monday, as investors looked past the threat of a larger Middle East conflict following Iran's measured missile assault. Macro Update: Federal Reserve Vice Chair Michelle Bowman indicated support for a rate cut as early as July, citing concerns about the job market and potential easing of inflationary pressures related to tariffs. Statistics Canada released a report showing retail sales climbed by 0.8 percent in March, led by increases at motor vehicle and parts dealers. Top Movers: gold producers Agnico Eagle, Wheaton Precious and Barrick Gold rallied more than 1.0% apiece on sustained bullion strength. Technology heavyweight Shopify led all gainers with a 3.5% jump after exceeding subscriber estimates, while Brookfield and Thomson Reuters rose over 1.0% on renewed M&A momentum. Our Stance: The index is currently testing a key support zone around 26,400 holding above this level is crucial to sustain the uptrend. A break below could prompt a pullback, with the next support levels seen at 26,000 and 25,700 on the daily chart Commodity Update: The U.S. dollar weakened Tuesday as risk appetite improved after President Trump announced a ceasefire between Israel and Iran, ending a
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 lost 0.03% and closed at 26,497.57. Macro Update: Renewed trade concerns weighed on the market early in the session after U.S. President Donald Trump threatened to impose 50 percent tariffs on imports from the European Union beginning June 1st. Statistics Canada released a report showing retail sales climbed by 0.8 percent in March, led by increases at motor vehicle and parts dealers. Top Movers: The biggest gainers of the session on the S&P/TSX Composite were MDA Ltd (TSX:MDA), which rose 5.09% or 1.56 points to trade at 32.22 at the close. Bombardier Inc (TSX:BBDb) added 3.95% or 4.21 points to end at 110.81 and Brookfield Business Partners LP (TSX:BBU_u) up 3.40% or 1.16 points to 35.25 in late trade. Our Stance: Currently, the index is currently testing a critical support zone near 26,200. Holding above this level is crucial for maintaining upward momentum. A decisive break below 26,200 could signal the potential for a retracement, with the next key support levels seen between 25,900 and 25,600 on the daily chart. Sustaining these
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