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 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 …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index rose 0.29% to a record high of 25,971.93 on Friday, contributing to a robust 2.4% weekly advance. This upward momentum was primarily driven by strong performances from key constituents in the financial and technology sectors, which effectively counter balanced declines among commodity producers. An improved risk appetite amid easing US-China trade tensions underpinned the broader market sentiment. Macro Update: The Canadian government has announced a key tax cut as part of its plan to address the rising cost of living. Effective July 1, 2025, the lowest personal income tax rate will drop from 15% to 14%, saving two-income families up to CAD 840 annually by 2026. The measure is expected to provide CAD 27 bn in tax …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index rose 0.80% to close at 25,897.48 on Thursday, its eighth consecutive session of gains and a fresh all-time high, after strength in mining and financials counterbalanced weakness in energy. Macro Update: Canadian manufacturing sales saw a moderate contraction of 1.4% month-over-month in March to CAD 71.9 billion, yet this was less severe than anticipated. Declines were broad-based across most industries, notably in primary metals (-6.5%) and petroleum/coal products (-4.2%), although furniture sales provided a strong positive offset (+11.9%). Regionally, most provinces experienced lower sales, with Ontario (-1.0%) and Quebec (-1.6%) leading the decrease. In April, Canadian housing starts exhibited a significant surge, jumping 30% month-over-month to 278,606 units, considerably exceeding market forecasts. Urban starts drove this growth …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index rose 0.30% to close at 25,692.45 on Wednesday, marking its seventh consecutive gain. This positive close was primarily driven by the decent performance of technology and railway sector giants, which successfully counteracted the negative impact of losses experienced in the mining sector. Easing global trade tensions and softer US inflation boosted sentiment as investors awaited further international trade agreement news. Macro Update: Prime Minister Carney's Liberal government will implement a middle-income tax cut before July 1 to boost affordability and economic growth. However, the government will not present a full annual budget this year, opting instead for an economic update in the fall. US inflation continues trending toward the Fed's 2% goal, as evidenced by April's softer-than-anticipated …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index rose 0.33% to close at 25,616.86 on Tuesday, marking its highest level in twelve weeks, driven by positive movement in sectors connected to natural resources. The upward trend was further supported by the recently established 90-day accord between the US and China to lower tariffs on each other's goods Macro Update: On May 13, 2025, the US Consumer Price Index (CPI) data for April revealed an annualized inflation rate of 2.3%, a decrease from March's 2.4%, suggesting a deceleration in price increases. Core inflation, excluding food and energy, rose to 2.8% from 2.4%. This unexpected moderation in inflation has fueled expectations of potential Federal Reserve rate cuts later this year. Goldman Sachs has revised its forecast for …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index rose 0.69% to close at 25,532.18 on Monday, reaching its highest level in twelve weeks as the 90-day US-China tariff rollback reignited appetite for commodities and risk assets. Most sectors were trending higher on Monday, led primarily by gains in consumer durables, tech and commercial services. Of the few decliners, materials stocks were the lowest, as the price gold pulled back after news of easing trade tensions. Macro Update: Canada’s labour market posted a modest rebound in April 2025, adding 7,400 jobs, surpassing market expectations of a 2,500 gain and partially offsetting the 32,600-contraction recorded in March. The headline growth was underpinned by a robust 31,500 increase in full-time positions, while part-time employment contracted by 24,200, suggesting …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index rose 0.41% to close at 25,357.74 on Friday, securing the Toronto exchange a weekly gain of 1.3%, primarily driven by elevated commodity prices that provided strong support to the resource-intensive index. This upward movement on the Canadian markets indicates underlying market optimism. However, it also underscored the cautious sentiment prevalent among both listed entities and investors as they navigated the complexities arising from ongoing tariff discussions and recent macroeconomic data signalling persistent inflationary pressures. Macro Update: Statistics Canada reported 7,400 new jobs in April alongside a modest uptick in the unemployment rate to 6.9%, suggesting consumer spending capacity remains intact despite job losses in manufacturing, pressured by US import tariffs. On the global stage, investor confidence received a boost following …
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