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.
Index Update: The S&P/TSX Composite Index fell around 0.2% to close at 26,376 on Monday, giving back ground after last week’s record highs as investors await US–China trade talks in London. Macro Update: The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks. Top Movers: Bombardier Inc., Denison Mines, Novagold, Aya Gold & Silver, Energy Fuels, NuVista Energy, NexGen Energy, G. Mining Ventures, Saputo and Capstone Mining are gaining 2.5 to 6%. Our Stance: Despite the pullback, the index remains above its 21-period Simple Moving Average (SMA), indicating that the short-term uptrend remains intact. However, the Relative Strength Index (RSI) has climbed to 68.04, approaching overbought territory. This suggests that upward momentum may be losing steam, potentially prompting more cautious trading in the near term. Key technical levels are now in focus. Immediate support lies at 26,100—holding above this level could set the stage for a rebound. Commodity Update: The U.S. dollar held steady in narrow trading on Tuesday as investors stayed cautious amid ongoing U.S.-China trade talks ahead of key U.S. inflation data. Gold slipped 0.78% to $3,328.80, silver eased
Index Update: The S&P/TSX Composite Index rose 0.33% to close at 26,429.13 on Friday, moving closer to its all-time high as easing trade tensions and fresh labor market data supported investor sentiment. The boost followed a “very positive” phone call between Presidents Xi Jinping and Donald Trump, which helped calm fears around U.S. steel and aluminum tariffs potentially disrupting Canadian exports. These concerns were further alleviated by Ottawa’s confirmation of “intensive and live” negotiations with Washington aimed at securing exemptions for Canada’s metals sector. Macro Update: US-China Trade Talks Resume in London: Senior officials from the US and China are meeting in London today, signaling a fresh push to ease trade tensions. Rare earth exports, tariff rollback, and issues like Huawei and student visas are expected to be focal points, with a looming July deadline for the tariff pause. Dollar Dips as Focus Shifts to Trade and Inflation Data: The US dollar index eased to around 99, reversing part of last week’s gains. Investors are cautious ahead of critical economic reports this week and optimistic about resumed US-China trade discussions following positive comments from Trump and Xi. US Stock Futures Flat Ahead of Key Events: Equity futures were steady on
Index Update: The S&P/TSX Composite Index edged up 0.05% to close at 26,342.29 on Thursday, amid a balancing act between external trade news and weaker domestic economic data. A phone conversation between President’s Xi Jinping and Donald Trump renewed optimism for reduced US - China tariffs, boosting resource-focused stocks like oil producers, supported by a recovery in crude prices. Macro Update: Trump and Musk to Speak After Public Feud: U.S. President Donald Trump and Elon Musk are scheduled to have a call on Friday following a public spat involving threats over government contracts and Musk suggesting Trump's impeachment. Canada Employment Mostly Flat in May: In May, Canada’s employment showed little change, with a modest increase of 8,800 jobs. Gains in full-time positions (+58,000) were nearly offset by a decline in part-time jobs (-49,000). Employment rose for women aged 25–54 but fell for men in the same group, while youth and senior job levels remained steady. Job growth stalled since January, with mixed sector and regional performance across the country Top Movers: The biggest gainers of the session on the S&P/TSX Composite were First Majestic Silver Corp. (TSX: AG), which rose 15.49% or 1.54 points to trade at 11.48 at the
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 short-term uptrend is still intact, and the recent dip may represent a healthy consolidation rather than the start of a broader reversal. The index is currently holding above the near-term support zone at 26,100—a critical threshold for preserving bullish momentum. If this level holds, it could prompt renewed buying interest and set the stage for a potential rebound toward recent highs. However, a clear break below 26,100 may increase selling
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 million in April from an upwardly revised 7.200 million in March. Top Movers: The biggest gainers of the session on the S&P/TSX Composite were Algonquin Power & Utilities Corp (TSX:AQN), which rose 16.03% or 1.18 points to trade at 8.54 at the close. Energy Fuels Inc. (TSX:EFR) added 14.37% or 0.96 points to end at 7.64 and Denison Mines Corp (TSX:DML) was up 11.06% or 0.23 points to 2.31 in late trade. Our Stance: Strong trading volumes
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 in a bullish trend, trading well above its 50-period Simple Moving Average (SMA). The index is currently testing a key support zone near 26,100. Sustaining this level will be critical to maintaining upward momentum. A decisive break down below this threshold could open the door to a pullback, with next support levels seen at 25,900 and 25,600. Commodity Update: The dollar dropped to a six-week low Tuesday amid concerns over U.S. economic weakness tied to the ongoing
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 with the respective indices losing 1.76% and 1.75%. Real estate, materials, technology and industrials turned in a mixed performance. Baytex Energy (down 4.3%), Cenovus Energy (down 3.4%), Freehold Royalties (down 3.14%) and Meg Energy Corp (down 2.8%) were the major losers in the energy sector. Our Stance: The index is now testing a key support level of around 25,900. Holding this level is crucial for preserving the upward trajectory. A successful defense of this support
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 and National Bank, which also traded lower. CIBC hovered in negative territory following its earnings report. Meanwhile, Shopify gained 0.3%, benefiting from a global tech boost sparked by Nvidia’s strong earnings. Our Stance: Despite this pullback, the index remains above its 21-period Simple Moving Average (SMA), indicating that the broader bullish trend remains intact. Currently, the index is testing a key support level around 25,900. Holding this level is critical for maintaining upward momentum. A successful defense
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