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: 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 …
Image Source : Krish Capital Pty Ltd Index Update: After plunging by 3.8 percent on Thursday, the benchmark S&P/TSX Composite Index plummeted 1,142.30 points or 4.7 percent to a nearly seven-month closing low of 23,193.47. Macro Update: Canada and the European Union are also purportedly preparing countermeasures, leading to concerns about a trade war that could fuel inflation and damage the global economy. China's finance ministry announced a 34 percent tariff will be imposed on all imported goods originating from the U.S. beginning on April 10th On the economic front, Statistics Canada released a report showing Canadian employment fell by 33,000 jobs in March. The unemployment rate also ticked up 0.1 percentage point to 6.7 percent. Top Losers: Canadian energy giants suffered steep losses, with Canadian Natural dropping 6.7%, Suncor falling 8.8%, Imperial …
Image Source : Krish Capital Pty Ltd Index Update: The sell-off on Bay Street came amid concerns about a global trade war after President Donald Trump outlined his plan to impose sweeping tariffs on U.S. trade partners. The benchmark S&P/TSX Composite Index plunged early in the session and remained sharply lower throughout the day before closing down 971.41 points or 3.8 percent at 24,335.77. Macro Update: Trump's "reciprocal tariff" plan calls for a baseline 10 percent tariff to be imposed on all U.S. imports except those compliant with the United States-Mexico-Canada Agreement. The Canadian domestic data showcased a 5.5% decline in merchandise exports in February and a shrinking trade balance that shifted from a $3.1 billion surplus in January to a $1.5 billion deficit. Top Losers: Notably, tech, financial, and energy producers …
Image Source : Krish Capital Pty Ltd Index Update: After ending yesterday's volatile session mostly higher, Canadian stocks saw further upside over the course of the trading day on Wednesday. The benchmark S&P/TSX Composite Index moved to the downside early in the session but showed a significant turnaround to end the day up 273.90 points or 1.1 percent at 25,307.18. Macro Update: The yield on the Canadian 10-year government bond fell past 2.95%, nearing the two-year low of 2.83% seen in early March, as weak economic data and escalating trade tensions heightened expectations of further monetary easing. Top Movers: The tech sector enjoyed a respite, with Shopify (+3.2%), Constellation Software (+3%), CGI (+1.3%), and Celestica (+4.3%) posting strong gains, while financial heavyweights such as RBC, TD Bank, Brookfield, BMO, and Scotiabank added …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index spent the day bouncing back and forth across the unchanged line before eventually closing up 115.78 points or 0.5 percent at 25,033.28. Macro Update: Data from S&P Global said the S&P Global Canada Manufacturing PMI fell to 46.3 in March from 47.8 in the previous month, pointing to a further deterioration in factory activity, pressured by contractions in both output and new orders. A report from the Washington Post this morning said White House aides have drafted a proposal to impose tariffs of around 20 percent on most imports to the U.S. Top Movers: E-commerce giant Shopify rose 2.1%, snapping a four-day losing streak, while Brookfield Corporation advanced 2.2%, bolstering the financial sector. A corporate standout was First …
Image Source : Krish Capital Pty Ltd Index Update: After opening with a negative gap and falling further in early trades, the Canadian market emerged into positive territory on Monday, led by gains in consumer staples, energy, communications and consumer discretionary sectors. The benchmark S&P/TSX Composite Index, which tumbled to 24,534.35, losing about 225 points, was up 56.47 points or 0.23% at 24,815.62 at noon. Macro Update: The yield on the US 10-year Treasury note hovered around 4.2% on Tuesday after falling for two consecutive sessions, as President Donald Trump's trade escalations clouded the economic outlook, boosting demand for safe haven assets. Top Movers: Molson Coors Canada, Empire Company, Cogeco, Loblaw Companies, Metro Inc., George Weston, Intact Financial Corporation, Cogeco Communications, RB Global, Imperial Oil, Great-West Lifeco and ATCO are up 2 to …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index closed down 401.91 points or 1.6% at 24,759.15, almost near the day's low. The index shed about 0.8% in the week. Macro Update: Data from Statistics Canada said the Canadian GDP was essentially unchanged from the previous month in February of 2025, according to a flash estimate. In turn, the GDP expanded by 0.4% from the previous month in January, extending momentum in December and better than flash estimates of 0.3%. Canada's finance department said Canada's government budget recorded a deficit of C$ 5.13 billion in January 2025, widening from a C$ 2.06 billion deficit in January 2024. Top Movers: Jamieson Wellness climbed up 3.7%. Emera Inc., Atco, Oceanagold, Great-West Lifeco, Canadian Utilities, Fortis Inc., Dollarama and Gibson Energy …
Image Source : Krish Capital Pty Ltd Index Update: The Canadian market ended flat on Thursday as investors weighed the effects of US President Donald Trump's 25% tariffs on imported autos, which go into effect on April 3rd, and the expected announcement on reciprocal tariffs. The benchmark S&P/TSX Composite Index settled at 25,161.06, exactly at the previous session's closing figure. The index dropped to a low of 25,023.79 in early trades, and despite recovering to 25,205.59 by mid-morning, struggled to move higher. Macro Update: Data from Statistics Canada said average weekly earnings of non-farm payroll employees in Canada rose by 5.5% year-on-year to $1,294.26 in January 2025, following a 5.9% year-over-year increase in December. Top Movers: Tilray climbed about 7.5%. Pet Valu Holdings, Iamgold Corp, Seabridge Gold, New Gold, Wesdome Gold Mines, Sandstorm …
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