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 Canadian market closed weak on Wednesday as concerns about Trump's tariffs and uncertainty about economic growth weighed on sentiment. The benchmark S&P/TSX Composite Index ended with a loss of 178.45 points or 0.7% at 25,161.06. The index dropped to a low of 25,106.44 in the final hour before staging a modest recovery. Macro Update: On the economic front, data from Statistics Canada said wholesale sales in Canada likely increased by 0.4% month-over-month in February, after a 1.2% rise in the previous month, according to preliminary estimates. Top Losers: Celestica Inc tanked nearly 10%. Shopify Inc., BlackBerry, TecSys, Dye & Durham, Docebo Inc., Coveo Solutions and Descartes Systems Group lost 1.9 to 5.2%. Our Stance: Despite the decline, the index continues to trade above its …
Image Source : Krish Capital Pty Ltd Index Update: The Canadian market closed on a firm note on Monday. Investors reacting to reports that the U.S. will likely adopt a more moderate, targeted approach to upcoming tariffs. The benchmark S&P/TSX Composite Index closed with a gain of 335.62 points or 1.34% at 25,304.11. The index opened with a positive gap of nearly 100 points at 25,060.21 and climbed to a high of 25,357.80. Macro Update: On the economic front, manufacturing sales in Canada are expected to have declined by 0.2% month-over-month in February 2025, following a 1.7% rise in January, according to preliminary estimates. Top Movers: Aritzia, Interfor, Tilray, Shopify, NexGen Energy, Brookfield Infrastructure, Celestica, Enerflex, Canada Goose Holdings, Cronos Group, Peyto Exploration, Onex Corporation, BRP Inc., Martinrea International, Colliers International Group, CAE, …
Image Source : Krish Capital Pty Ltd Index Update: After ending the previous session modestly lower, Canadian stocks saw some further downside during trading on Friday. The benchmark S&P/TSX Composite Index regained ground after an early slump but still closed down 91.75 points or 0.4 percent at 24,968.49. Macro Update: Statistics Canada said core retail sales, which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers, dipped by 0.2 percent in January. Top Movers: Shopify Inc, Northland Power Inc, Tourmaline Oil Corp, Cenovus Energy Inc, ARC Resources gained 2.7 to 0.8%. Our Stance: The index remains above its 21-period Simple Moving Average (SMA), supporting a bullish outlook. Currently, the index is testing a crucial support level around 24,700. Maintaining this level is essential to sustaining the upward trend, while a break …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index ended down by 8.97 points or 0.04% at 25,060.24. The index, which tumbled to 24,923.12 in early trades, climbed to 25,174.97 around late morning, but retreated to around 25,000 before recovering some lost ground. Macro Update: Data from Statistics Canada showed the industrial product price index grew 0.4% month over month in February and increased 4.9% year over year. The index rose 1.6% month over month in January and increased 5.8% year over year. Top Movers: Celestica Inc, MDA, Secure Energy Services, Orla Mining, TerraVest Industries, Kelt Exploration, Denison Mines, Vermilion Energy, Keyera Corp, Paramount Services, Methanex, TC Energy, AltaGas and Parex Resources gained 1.5 to 4%. Our Stance: The index remains above its 21-period Simple Moving Average (SMA), supporting …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index closed up 363.14 points or 1.47% at 25,069.21, nearly 50 points off the day's high of 25,115.52. Macro Update: The U.S. central bank announced its widely expected decision to once again leave interest rates unchanged, but projections signaled the central bank is still likely to lower rates later this year. Top Movers: Celestica, Corus Entertainment, Advantage Oil & Gas, AtkinsRealis, Baytex Energy, Computer Modelling, Interfor, Brookfield, Novagold Resources, Bombardier, Jamieson Wellness, Cineplex, Real Maters, Canfor, Brookfield Infrastructure Partners and Whitecap Resources gained 3 to 5.4%. Our Stance: The index is holding above its 21-period Simple Moving Average (SMA), reinforcing a bullish outlook. However, the index is currently testing a critical support level of around 24,700. Holding above …
Image Source : Krish Capital Pty Ltd Index Update: The Canadian market ended modestly lower on Tuesday as hot inflation data, and growth worries due to Trump's tariffs weighed on sentiment. Also, investors stayed cautious ahead of the Federal Reserve's monetary policy announcement, due on Wednesday. The benchmark S&P/TSX Composite Index closed down 79.04 points or 0.32% at 24,706.07, recovering well from a low of 24,572.33. Macro Update: Data from Statistics Canada said the annual inflation rate in Canada jumped to 2.6% in February from 1.9% in the previous month, the highest in eight months, as a sales tax break that ended mid of last month pushed prices higher amid an already broad-based price increase. Top Movers: Tilray, Westshore Terminals and Corus Entertainment gained 5.2 to 5.5%. Ero Copper, Fortuna …
Image Source : Krish Capital Pty Ltd Index Update: Canadian equities performed well on Monday, as investors focusing on future central bank meetings and economic data rather than trade war concerns. The benchmark S&P/TSX Composite Index ended with a gain of 231.71 points or 0.94% at 24,785.11. Macro Update: Data from Canada Mortgage and Housing Corporation said housing starts in Canada decreased to 229,000 units in February from 239,000 units in January. Furthermore, the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank, are all scheduled to announce their monetary policies this week. Top Movers: TerraVest Industries skyrocketed more than 20%. B2Gold Corp climbed nearly 8.5%. K92 Mining gained 6.4%. First Majestic Silver, Storage Vault, Orla Mining, Energy Fuels, Capstone Mining, Ero Copper, Tilray, …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index ended the session with a gain of 350.17 points or 1.45% at 24,553.40. For the week, the index shed about 0.8%. Macro Update: On the economic front, data from Statistics Canada said manufacturing sales in Canada rose 1.7% month-over-month in January 2025, following an upwardly revised 0.5% increase in the prior month. This marked the fourth consecutive month of increases in manufacturing sales. Wholesale sales in Canada rose by 1.2% from the previous month in January of 2025, revised lower from the preliminary estimate of 1.8% but picking up from the 0.3% increase in the earlier period. Top Movers: BlackBerry, Celestica Inc., Lightspeed Commerce and Shopify gained 4.3 to 5.6%. Bird Construction rallied 5.3%. Cargojet, Ats …
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