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: After moving higher early in the session, the S&P/TSX Composite Index pulled back into negative territory before rebounding, going into the close to end the day up 38.86 points or 0.2 percent at 24,106.79. Macro Update: The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent. The accompanying statement noted increased uncertainty due to the major shift in direction of U.S. trade policy and the unpredictability of tariffs makes it unusually challenging to project GDP growth and inflation in Canada and globally. Top Movers and losers: Heavyweight financials, technology, and rail sectors led the decline, with notable losses in …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index rose 0.8% to close at 24,067.93 on Tuesday, outperforming its U.S. counterparts as investors embraced unexpectedly cooler inflation. Macro Update: Data from Statistics Canada showed the annual inflation rate in Canada dropped to 2.3% in March from an eight-month high of 2.6% in the previous month. The consumer price index increased 0.3% in March. In other economic news, Canadian housing starts dropped 3.3% month-over-month in March, data from Canada Mortgage and Housing Corporation said. Top Movers: Credit-sensitive tech giants like Shopify and Celestica led the gains with increases of 2.2% and 2.8%, respectively, and financial institutions such as RBC, TD Bank, Brookfield, BMO, and Scotiabank advanced between 0.5% and 1.1%. Major mining equities Agnico Eagle Mines and Wheaton Precious Metals …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index climbed 1.2% to close at 23,867 on Monday, lifted by broad-based gains in the financial sector. Investor sentiment improved after President Trump announced exemptions for select tech products—including smartphones, laptops, and other electronics—from the newly imposed 145% China-specific and 10% baseline tariffs. Macro Update: Data from Statistics Canada said new motor vehicles sales in Canada increased to 125,402 Units in February from 121,258 Units in January of 2025. A separate data from Statistics Canada showed wholesale sales in Canada increased 0.3% month-over-month to $85.7 billion in February. Top Movers: MAG Silver, First Majestic Silver, Cogeco Communications, B2Gold Corp, Empire Company, Torex Gold Resources, Premium Brands Holdings, Novagold, Lundin Mining, CT Real Estate, Great-West Lifeco and TerraVest Industries are up 2 …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index moved higher early in the session and climbed even more firmly into positive territory as the day progressed before closing up 572.93 points or 2.5 percent at 23,587.80. Macro Update: On the U.S. economic front, preliminary data released by the University of Michigan showed a continued slump by U.S. consumer sentiment in the month of April. A separate report released by the Labor Department showed an unexpected decrease by producer prices in the month of March Top Movers: Agnico Eagle, Wheaton Precious Metals, Barrick Gold, and Franco-Nevada, which surged between 4.7% and 6.4%, tracking record-high gold prices. Our Stance: Technically, the broader trend remains cautious. Immediate support lies at 23,200—a key horizontal level that may act as a near-term floor, …
Image Source : Krish Capital Pty Ltd Index Update: Canadian stocks moved sharply lower during trading on Thursday, giving back ground following the spike seen over the course of Wednesday's session. After soaring 1,220.13 points or 5.4 percent to 23,727.03 on Wednesday, the benchmark S&P/TSX Composite Index plunged 712.16 points or 3.0 percent to 23,014.87. Macro Update: The U.S Labor Department report said the consumer price index edged down by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected consumer prices to inch up by 0.1 percent. Excluding food and energy prices, the core consumer price index crept up by 0.1 in March after rising by 0.2 percent in February. Core prices were expected to rise by 0.3 percent. The report also said the annual …
Image Source : Krish Capital Pty Ltd Index Update: The Canadian stocks skyrocketed in reaction to President Donald Trump's announcement of a 90-day tariff pause. The benchmark S&P/TSX Composite Index spiked 1,220.13 points or 5.4 percent to 23,727.03, showing a substantial rebound after ending the previous session at its lowest closing level since last August. Macro Update: President Donald Trump's announcement of a 90-day tariff pauses and White House official later clarified tariffs would be brought down to a "universal 10 percent" on most countries, including Canada. Top Movers: The rebound was driven by strong gains across heavyweight sectors, particularly energy, with Canadian Natural, Suncor, Imperial Oil, and Cenovus surging between 6% and 11.8% amid recovering crude prices. Technology and financial stocks also staged a solid recovery, led by a 17.5% surge in …
Image Source : Krish Capital Pty Ltd Index Update: After failing to sustain an early move to the upside, Canadian stocks once again came under pressure over the course of the trading session on Tuesday. The S&P/TSX Composite Index slumped 352.56 points or 1.5 percent to 22,506.90, hitting its lowest closing level since last August. Macro Update: A White House official told CNBC the effective tariff rate on China will spike to 104 percent at midnight, when Trump's other "reciprocal tariffs" are also set to take effect. Canada announced that from tomorrow, certain U.S. vehicles entering the country will incur 25% tariffs, further fueling fears of a broader trade conflict. Developments on the tariff front are likely to remain in the spotlight on Wednesday, while traders are also likely to keep an …
Image Source : Krish Capital Pty Ltd Index Update: Canadian stocks showed another significant move to the downside during trading on Monday. The benchmark S&P/TSX Composite Index recovered from an early plunge and briefly turned positive but ended the day down 334.01 points or 1.4 percent at 22,859.46. Macro Update: Adding to worries about a global trade war, Trump threatened to impose an additional 50 percent tariff on Chinese goods unless the country withdraws its new 34 percent tariff on U.S. goods The yield on the Canadian 10-year government bond has surged above 3%, rebounding sharply from a near two-year low of 2.83% recorded in early March, as investors demand a higher risk premium amid shifting global risk assessments and mounting domestic challenges. Top Losers: Energy and mining stocks were hit particularly …
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