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 closed to a six-week low on Wednesday, as political uncertainty and fears of tariff war rendered the mood bearish. The S&P/TSX Composite Index settled at 24,557.00, losing 562.71 points or 2.24%, one of the biggest single-session drop in several months. Macro Update: The Fed, which cut interest rate by 25 basis points as widely expected, but the central bank's latest projections suggest rates will be in a range of 3.75 to 4% by the end of 2025 compared to the range of 3.25 to 3.5% forecast in September. Top Movers: Torex Gold Resources (TXG.TO) climbed more than 7%. Sangoma Technologies (STC.TO), GFL Environmental (GFL.TO), Quebecore Inc (QBR.B.TO), Boyd Group Services (BYD.TO), Canadian Tire Corporation (CTC.TO) and K-Bro Linen (KBL.TO) closed with …
Image Source: Krish Capital Pty Ltd Index Update: The market digested the nation's consumer price inflation data and looked ahead to the U.S. Federal Reserve's monetary policy announcement on Wednesday. The benchmark S&P/TSX Composite Index ended with a marginal loss of 27.50 points or 0.11% at 25,119.71, recovering gradually from an early low of 25,008.08. Macro Update: Data from Statistics Canada said the annual inflation rate in Canada was at 1.9% in November, easing from 2% in the previous month. The annual core inflation rate in Canada eased to 1.6% in November, from 1.7% in the prior month. On a monthly basis, core consumer prices fell by 0.1% in November, after a 0.4% increase in the prior month. Top Movers: Hut 8 Corp (HUT.TO), AtkinsRealis (ATRL.TO), Methanex Corporation (MX.TO), BRP Inc (DOO.TO), Lightspeed …
Image Source : Krish Capital Pty Ltd Index Update: The Canadian market closed weak on Monday, extending losses to a third straight session as weak oil and gold prices weighed on energy and materials stocks. The benchmark S&P/TSX Composite Index closed down 127.09 points or 0.5% at 25,147.21. Macro Update: A report from the Canada Mortgage and Housing Corporation said housing starts in Canada rose by 8.4% month-over-month to 262,400 units in November, the highest level in four months. Investors awaited the Federal Reserve's monetary policy announcement, and a slew of key economic data, including reports on Canadian inflation and retail sales reports, and U.S. inflation readings. Top Movers: Hut 8 Corp (HUT.TO) rallied nearly 6.5%. Aritzia Inc (ATZ.TO), Jamieson Wellness (JWEL.TO), Brookfield Asset Management (BAM.TO), ATCO Ltd. (ACO.Y.TO), TerraVest Industries (TVA.TO), Boyd …
Image Souce: Krish Capital Pty Ltd Index Update: The Canadian market closed weak on Friday, amid concerns about global economic growth and tariff hike threats by U.S. President-elect Donald Trump. The benchmark S&P/TSX Composite Index, which opened slightly down, fell to a low of 25,216.42 and ended the day's session at 25,274.30 with a loss of 136.41 points or 0.54%. The index shed about 1.6% in the week. Macro Update: On the economic front, data from Statistics Canada showed manufacturing sales in the country rose 2.1% month-over-month in October, rising for the first time in three months. Wholesale sales in Canada rose 1% month-over-month in October, extending the revised 1.3% increase in September. Top Movers: Transcontinental Inc. (TCL.B.TO) rallied 4.4%. Bausch + Lomb Corporation (BLCO.TO), Bombardier Inc (BBD.B.TO), Hut 8 …
Image Source : Krish Capital Pty Ltd Index Update: The Canadian market closed significantly lower on Thursday, as equities plummeted on continued selling pressure due to weak commodity prices and rising concerns about US President-elect Donald Trump's tariff threats. The benchmark S&P/TSX Composite Index ended with a loss of 246.99 points or 0.96% at 25,410.71, a more than two week low. Macro Update: Data from Statistics Canada said the total value of building permits in Canada fell 3.1% month-over-month to $12.61 billion in October, retreating from an 11.5% increase in the previous month. Top Movers: Transcontinental Inc. (TCL.B.TO) rallied 4.4%. Bausch + Lomb Corporation (BLCO.TO), Bombardier Inc (BBD.B.TO), Hut 8 Corp (HUT.TO), Transcontinental (TCL.A.TO), Senvest Capital (SEC.TO), Descartes Systems Group (DSG.TO), Celestica Inc (CLS.TO), Great-West Lifeco (GWO.TO) and Loblaw Companies (L.TO) gained 1 …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index, which stayed in positive territory right through the day's session, closed with a gain of 153.37 points or 0.6% at 25,657.70, slightly off the day's high of 25,674.74. Macro Update: The Bank of Canada said it decided to reduce its target for the overnight rate by 50 basis points to 3.25%, with the Bank Rate at 3.75% and the deposit rate at 3.25%. Top Movers: Novagold (NG.TO), the top gainer in the index, soared more than 9%. Ssr Mining (SSRM.TO) surged 7.7% and Equinox Gold Corp (EQX.TO) rallied 7.1%. New Gold (NGD.TO), Silvercrest Metals (SIL.TO), Iamgold Corp (IMG.TO), Kinross Gold Corp (K.TO), Seabridge Gold (SEA.TO), Alamos Gold (AGI.TO), Aya Gold and Silver (AYA.TO), First Majestic Silver (AG.TO) and Wheaton …
Image Souce: Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index, which remained in negative territory right through the session, closed down 121.09 points or 0.47% at 25,504.33. Macro Update: Investors looking ahead to the Bank of Canada's interest rate decision and U.S. consumer price inflation data, due on Wednesday. The Canadian central bank is widely expected to cut interest rate by 50 basis points. Top Movers: SSR Mining (SSRM.TO) gained nearly 6%. Bausch + Lomb Corporation (BLCO.TO), TerraVest Industries (TVK.TO), Docebo Inc (DCBO.TO), Sprott Inc (SII.TO), Tecsys Inc (TCS.TO) and Dollarama Inc (DOL.TO) gained 1.5 to 3%. Our Stance: As traders monitor the situation, key technical levels are in focus. Immediate support for the index is at 25,200. If the index can hold above this level, a potential rebound may be …
Image Souce: Krish Capital Pty Ltd Index Update: The Canadian market hit a new record high in early trades on Monday, but soon slipped and fell into negative territory and stayed weak right till the end of the session. The benchmark S&P/TSX Composite Index, which posted a new high at 25,843.20 early on in the session, closed down 66.38 points or 0.26% at 25,625.42. Macro Update: Reports on the U.S consumer and producer price inflation, which are due to be released on Wednesday and Thursday, respectively, could impact the outlook for interest rates. While the Federal Reserve is widely expected to lower rates by another 25 basis points next week, there is some uncertainty about whether the central bank will continue cutting rates early next year. Top Movers: Ssr Mining Inc (SSRM.TO), up …
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