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 benchmark S&P/TSX Composite Index ended down 22.68 points or 0.09% at 25,626.16, recovering more than 200 points from an early low of 25,439.39. Macro Update: Tariff threats by U.S. President Donald Trump rendered the mood a bit cautious. Trump's threat to impose a 25% tariff on autos, alongside similar duties on semiconductors and pharmaceuticals. Top Movers: AtkinsRealis gained 5.1%. NorthWest Company, Riocan REIT, NuVista Energy, MDA Space, Bausch Health Companies, Parex Resources, Advantage Oil & Gas, Dollarama, Barrick Gold Corporation, Aecon Group, Tourmaline Oil Corp, Saputo, ATCO, Bombardier and MEG Energy Corp gained 2.3 to 4%. Our Stance: Despite the pullback, the index remains above its 21-period Simple Moving Average (SMA), signaling a continuation of the short-term uptrend. Investors should keep a close watch …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index, which climbed to a high of 25,668.94 intraday, ended the day's session with a gain of 165.61 points or 0.65% at 25,648.84. Macro Update: Data from Statistics Canada showed the annual inflation rate in Canada edged higher to 1.9% in January 2025, from 1.8% in the previous month. The CPI in Canada rose 0.1% from a month earlier in January 2025, as expected, compared with a 0.4% decline in December 2024. The annual core inflation rate in Canada which excludes eight of the most volatile components such as food, energy and mortgage interest costs, rose for the second month to 2.1% in January 2025, the highest in nearly a year, up from December's 1.8%. On a monthly basis, …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index ended down 215.28 points or 0.84% at 25,483.23, slightly off the day's low of 25,470.77. The index gained a marginal 0.14% in the week. Macro Update: On the economic front, manufacturing sales in Canada rose 0.3% month-over-month in December 2024, slower than initial estimates of 0.6%, and following a revised 0.7% increase in the prior month, data from Statistics Canada showed. Meanwhile, wholesale sales in Canada fell 0.2% month-over-month in December 2024, matching the 0.2% decline in November. Top Movers: CAE Inc (CAE.TO), Interfor Corporation (IFP.TO), goeasy (GSY.TO), Velen In (VLN.TO), Bombardier Inc (BBD.B.TO), Russel Metals (RUS.TO) and Cogeco Inc (CYG.TO) closed with sharp gains. Our Stance: Despite the decline, the index remains above its 50-period Simple Moving Average (SMA), …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index settled with a gain of 135.40 points or 0.53% at 25,698.51. Macro Update: The U.S data is showing a bigger than expected increase in U.S. consumer price inflation increased speculation the Federal Reserve will leave interest rates on hold for a prolonged period. Top Movers: Shopify Inc (SHOP.TO) rallied 5.2%. Docebo Inc (DCBO.TO), Descartes Systems (DSG.TO) and Constellation Software (CSU.TO) gained 1.7 to 2%. Bitfarms (BITF.TO) gained 2.6%. Our Stance: From a technical standpoint, the index remains in a solid uptrend, trading well above its 21-period Simple Moving Average (SMA), reinforcing bullish sentiment. The index is currently testing a key support level near 25,300, which will be pivotal in sustaining the uptrend. Holding above this level could maintain bullish momentum, …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index ended with a loss of 68.72 points or 0.27% at 25,563.11. Macro Update: The U.S data is showing a bigger than expected increase in U.S. consumer price inflation increased speculation the Federal Reserve will leave interest rates on hold for a prolonged period. Top Movers: BlackBerry (BB.TO), Cineplex (CPG.TO), MAG Silver Corp (MAG.TO), SilverCrest Metals (SIL.TO), Pan American Silver Corp (PAAS.TO) and Toromont Industries (TIH.TO) posted strong gains. Our Stance: Technically, the index remains above the 21-period Simple Moving Average (SMA), signaling a continued short-term uptrend. The Relative Strength Index (RSI) at approximately 56.43 supports this bullish sentiment, indicating underlying strength and potential for further gains. Key support is identified around the 25,200 level, aligning with a crucial horizontal trendline. Commodity …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index ended with a loss of 27.03 points or 0.11% at 25,631.83. The index, which dropped to 25,480.33 early on in the session, climbed to 25,672.90 and then stayed in a tight band. Macro Update: Powell noted interest rates have been lowered by a full percentage point since last September, describing the Fed's current policy stance as "significantly less restrictive than it had been. A statement from the White House said Trump is reinstating a 25 percent tariff on steel imports and increasing tariffs on aluminum imports to 25 percent. Top Movers: orex Gold Resources, Advantage Oil & Gas, Cenovus Energy, Air Canada, PrairieSky Royalty, MEG Energy, Vermilion Energy, BCE Inc., Stella Jones, and Keyera Corp gained 1.3 to 2.4%. …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index settled with a gain of 215.95 points or 0.85% at 25,658.86. The index scaled a low of 25,562.84 and a high of 25,720.63 intraday. Macro Update: Trump said over the weekend that he would announce new 25% tariffs on all steel and aluminium imports, raising fears of a brewing global trade war and its potential impact on the global economy. Canada is among the largest sources of U.S. steel imports, and is also a major supplier of primary aluminum to the U.S. Top Movers: Newomont Corporation (NGT.TO), Parklans Corporation (PKI.TO), Mty Food Group (MTY.TO), Restaurant Brands International (QSR.TO), Nutrien (NTR.TO), Finning International (FTT.TO), Tourmaline Oil Corporation (TOU.TO), Kinaxis Inc (KXS.TO), Pan American Silver Corp (PAAS.TO) and Lundin Gold (LUG.TO) ended …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index ended with a loss of 91.58 points or 0.36% at 25,442.91, after scaling a low of 25,380.38 and a high of 25,587.53 intraday. The index recorded a weekly loss of 0.35%. Macro Update: Data from Statistics Canada showed employment in Canada advanced by 76,000 in January 2025, marking the sixth consecutive monthly increase. In December 2024, the economy had added 91,000 jobs. The unemployment rate in Canada fell to 6.6% in January 2025 from 6.7% in the previous month. That was less than the forecast for a 6.8% drop. Top Movers: Converge Technology Solutions (CTS.TO) soared more than 53%. Lightspeed Commerce (LSPD.TO) and Coveo Solutions (CVO.TO) gained 4% and 2.6%, respectively. BlackBerry (BB.TO) climbed 1.8%. Our Stance: The market's bullish momentum continues …
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