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 fell 0.4% to close at 26,329 on Wednesday, pulling back from its record high as investors digested both trade and monetary developments. Macro Update: The Bank of Canada held its key benchmark rate at 2.75 percent, citing the need to assess the impact of US trade policy, while warning that further cuts could be required if tariffs weaken the economy. Ottawa’s “live” negotiations with Washington to secure exemptions from President Trump’s doubled steel and aluminum tariffs have eased concerns of a broader trade shock and shielded export-dependent sectors. Top Movers: The biggest gainers of the session on the S&P/TSX Composite were NovaGold Resources Inc (TSX:NG), which rose 23.98%. Ero Copper Corp (TSX:ERO) added 8.22% and Lundin Mining Corporation (TSX:LUN) was up 4.15%. Our Stance:The …
Image Source : Krish Capital Pty Ltd Index Update: Canadian stocks recovered from early weakness to end Tuesday's trading modestly higher, extending the upward move seen in the previous session. The benchmark S&P/TSX Composite Index inched up 37.68 points or 0.1 percent 26,426.64, reaching another new record closing high. Macro Update: The Paris-based firm said the outlook across the globe has become challenging due to rising trade barriers and policy uncertainty, which is weighing on consumer confidence and blocking investments. The Organization for Economic Co-operation and Development has lowered its global growth forecast for 2025 to 2.9 percent from 3.1 percent. The U.S Labor Department report showing an unexpected increase by job openings in the U.S. in the month of April. The Labor Department said job openings climbed to 7.391 …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index fluctuated early in the day before closing up 213.91 points or 0.8 percent at a new record closing high of 26,388.96. Macro Update: Wednesday’s BoC rate decision, with markets leaning toward a hold as April’s inflation data painted a mixed picture, headline CPI slowed to 1.7%, while core inflation accelerated to 2.9%. Although President Trump’s plan to double steel and aluminum tariffs to 50% on Wednesday has introduced some uncertainty, Canada’s diversified trade relationships beyond the US have helped shield the broader market. Top Movers and Losers: Leading the gains were major mining stocks Agnico Eagle, Wheaton Precious, Barrick Gold, and Franco-Nevada, all surging over 5%. Our Stance: From a technical perspective, the index remains firmly …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark Canadian stock market index TSX Composite today opened lower, and despite dropping further post noon, managed to regain some lost ground and eventually settled with a modest loss of 35.51 points or 0.14% at 26,175.05. The index gained 0.6% in the week. Macro Update: In Canadian economic news, data from Statistics Canada showed the Canadian GDP expanded by 0.5% from the previous quarter in the first three months of 2025, maintaining the revised 0.5% growth rate from the earlier period. The Canadian economy likely expanded 0.1% in April 2025, the same as in March, preliminary estimates showed. Top Movers and Losers: Communications stocks were among the prominent gainers in the session. Cogeco Communications gained about 1.4. Energy and healthcare stocks dropped …
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 …
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