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 showed a downside of 0.13% to 24,841.68 on Wednesday, as investors absorbed growing signs of slowing economic activity in North America and ongoing trade-policy challenges. Macro Update: Canada’s economy contracted by 0.2% in February, led by a 2.5% drop in mining and oil-and-gas output and a 0.5% decline in construction, underscoring weakening demand across the country’s commodity-driven sectors. Similarly, Wall Street posted notable losses as U.S. GDP unexpectedly declined in the first quarter, reflecting the initial negative impact of tariff threats and rising policy uncertainty under President Trump. Top Movers and Losers: The biggest gainers of the session on the S&P/TSX Composite were New Gold Inc (TSX: NGD), which rose 19.35%, Gildan Activewear Inc. (TSX: GIL) added 7.12% and Badger Infrastructure Solutions Ltd (TSX: BDGI) …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index showed an upside of 0.31% to 24,874.48 on Tuesday, reaching its highest level over the three weeks. This upward momentum reflected investors’ favorable reaction to Liberty Party’s minority win. Market confidence was notably bolstered by Carney’s commitment to push back firmly against U.S. import duties, even in the absence of a parliamentary majority. Macro Update: Canadian 10-year yields have surpassed 3.18% influenced by Liberal’s fiscal outlook and Bank of Canada’s conservative stance. The central bank decided to retain 2.75% policy rate, due to sustained core inflation and the dual risks of U.S. recession or stagnation. The Canadian dollar traded near a six-month zenith at the 1.38 per USD level benefited from a sustained flight from USD assets …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index showed an upside of 0.37% at 24,798.59 on Monday, reaching its highest level over the three weeks led by gains in technology and financials stocks as investor remain cautiously optimistic as Canada approached its general election, with both major parties advocating pro-growth and trade-friendly platforms. Macro Update: Prime Minister Mark Carney and Conservative leader Pierre Poilievre concluded their campaigns on Sunday, with Liberal Party maintaining a narrow lead in popular support ahead of the final voting. Canadia Wholesale sales declined by 0.3% MoM in March 2025, reversing 0.3% gain in February. The marks the first decline in seven months, driven by decreased activities in five of the major seven subsectors. The yield on the US 10-year Treasury …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index ended the week on Friday at 24,710.51 with a slight decline of negative 17.02 points or -0.07% from the last day closing level, as major mining companies came under pressure amid ongoing uncertainty over U.S.–China tariff talks and Canada’s April 28 federal election looming. Macro Update: Retail sales fell 0.4% in February, which highlights the pressure that higher borrowing costs are putting on domestic demand. Meanwhile, traders grappled with conflicting signals on the trade war: reports suggesting China might suspend its 125% tariffs on select U.S. goods were swiftly denied by Beijing, even as President Trump maintained that negotiations were ongoing, keeping investors on edge. Top Movers and Losers: Bullion-linked stocks led the retreat, Agnico Eagle dipped …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index jumped 254.85 points or 1.0 percent to 24,727.53, ending the session at its best closing level since the day U.S. President Donald Trump initially announced his "reciprocal tariff" plan. Macro Update: Data from Statistics Canada said average weekly earnings of non-agricultural workers in Canada rose 5.4% year-on-year to C$1,298.22 in February, following a 5.6% increase in January. Top Movers: Cargojet led the advance with a 15.3% surge after reporting robust quarterly results, while technology leaders Shopify, Constellation Software, Celestica and Open Text each added between 2.5% and 4.3% Our Stance: Despite the rebound, the broader technical outlook remains cautious. While recent gains offer some relief, the broader outlook remains cautious. A sustained move above critical resistance …
Image Source : Krish Capital Pty Ltd Index Update: Following the rally seen in the previous session, Canadian stocks turned in another strong performance during trading on Wednesday. The S&P/TSX Composite Index gave pull back off early highs but still ended the day up 166.70 points or 0.7 percent at 24,472.68. Macro Update: The U.S president suggested he's willing to take a less confrontational approach to trade talks with China, predicting the current 145 percent tariff on Chinese imports will "come down substantially. Top Movers: Technology stocks led the advance—Shopify surged 6.6%, Celestica jumped 7.1%, and Constellation Software added 2.7%. Financial heavyweights Brookfield (2.6%), Manulife Financial (2.3%), and Sun Life Financial (1.6%) also outperformed. Our Stance: Despite the rebound, the broader technical outlook remains cautious. Key support is seen near …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index surged early in the session and remained firmly positive throughout the day before closing up 297.12 points or 1.2 percent at 24,305.98. Macro Update: Statistics Canada released a report showing prices of products manufactured in Canada rose 0.5 percent month over month in March and surged 4.7 percent year-over-year. Meanwhile, prices of raw materials purchased by manufacturers operating in Canada declined 1.0 percent in March but still jumped by 3.9 percent year-over-year. Top Movers: Energy heavyweights Canadian Natural, Suncor, Imperial Oil, and Cenovus led the advance, climbing between 2.3% and 5% amid firmer oil prices. Financial and tech giants—including RBC, TD Bank, Shopify, and Brookfield—also supported the rally, gaining between 1.7% and 4.9%. Our Stance: Despite …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index closed in red on Monday at 24,008.86 with a broad-based decline of negative 183.95 points or (-0.76%) from the last trading day closing level, mainly driven by tariff uncertainties, pre-election polls showing a six-point lead over Conservatives, renewed Fed‑independence concerns from President Trump’s criticism. Macro Update: Macroeconomic landscape is facing strain from escalating trade tensions, with OECD forecasts stating slowdown in Canada’s GDP growth to 0.7% in 2025 due to U.S. imposed tariffs and rising inflation pressures beyond the BoC’s comfort zone. The growing tension between U.S. – China and U.S. – Iran have dim growth prospects with a upside pressure on inflation expectations. The April 28, 2025, vote adds a layer of policy uncertainty, especially around trade measures, …
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