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 ended notably lower on Thursday, with its benchmark S&P/TSX Composite Index falling to a four-and-a-half-month low, as rising concerns about global economic growth due to the trade war triggered heavy selling at several counters from across various sectors. The S&P/TSX Composite Index closed down 220.11 points or 0.9% at 24,203.23, nearly 60 points off the day's low of 24,145.59. Macro Update: After U.S. President Donald Trump slapped new tariffs on steel and aluminum exported by Canada into the U.S., the Canadian government announced retaliatory tariffs on $29.8 billion of U.S. goods. Top Movers: Shares of First Quantum Minerals Ltd zoomed 14.4% after Panama authorized the sale of copper concentrate at the company's shuttered Cobre Panama mine. First Majestic …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index ended with a gain of 175.14 points or 0.72% at 24,423.34, nearly 100 points off the day's high of 24,516.28. Macro Update: The Bank of Canada today announced its widely expected decision to lower interest rates by another 25 basis points, making its seventh straight rate cut. While the central bank noted Canadian economic growth has come in stronger than expected, it warned the pervasive uncertainty created by continuously changing U.S. tariff threats is restraining consumers' spending intentions and businesses' plans to hire and invest. Data released by the Labor Department showed consumer prices in the U.S. increased by slightly less than expected in the month of February, edging up by 0.2%, after climbing by 0.5% in January. …
Image Source : Krish Capital Pty Ltd Index Update: The Canadian market ended weak on Tuesday and the benchmark S&P/TSX Composite Index dropped to a fresh 4-month low. The S&P/TSX Composite Index closed down 132.51 points or 0.54% at 24,248.20, after scaling a low of 24,155.63 and a high of 24,493.46 intraday. Macro Update: The Canadian central bank is widely expected to lower interest rate by 25 basis points. After speaking about hiking tariffs on Canadian steel and aluminum to 50%, and raising duties on auto parts, the Trump administration said the hike will not become effective tomorrow, as Canada agreed to suspend a 25% tariff on electricity exports. Top Movers: First Majestic Silver soared 10.3% and Knight Theapeutics surged 10.1%. Iamgold Corp., New Gold, MAG Silver, Silvercorp Metals, Celestica …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/TSX Composite Index ended down 378.05 points or 1.53% at 24,380.71. The index tumbled to a low of 24,249.96 in the final hour. Macro Update: The Canadian central bank is widely expected to lower interest rate by 25 basis points, amid trade uncertainty with the U.S. If the rate cut happens, then it will be the seventh concecutive reduction by the central bank. Top Movers: Technology stocks were the major losers. The Information Technology Capped Index closed down 3.64%. BlackBerry, Shopify, Celestica, Computer Modelling Group, Coveo Solutions, Docebo, Lightspeed Commerce, Descartes Systems Group and Constellation Software ended lower by 3 to 7%. Our Stance: The index remains below its 21-period Simple Moving Average (SMA), reinforcing the prevailing downtrend and indicating continued selling pressure. Momentum …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index swung back and forth across the unchanged line but closed up 174.72 points or 0.7 percent at 24,758.76. Macro Update: Statistics Canada released a report showing Canadian employment inched up by just 1,100 jobs in February, while the unemployment rate was unchanged at 6.6 percent. Job gains in wholesale and retail trade and finance, insurance, real estate, rental and leasing were largely offset by declines in professional, scientific and technical services and transportation and warehousing. Meanwhile, the Labor Department released a report showing employment in the U.S. increased by slightly less than expected in the month of February. Top Movers: The energy sector led the rebound, with Canadian Natural, Suncor, and Imperial Oil posting gains between 2% and 5.8%, …
Image Source : Krish Capital Pty Ltd Index Update: The Canadian market closed notably lower on Thursday amid uncertainty about the Trump administration's moves with regard to tariffs and economic policies. The benchmark S&P/TSX Composite Index ended down 286.78 points or 1.15% at 24,584.04, more than 100 points off the day's low of 24,476.47. Macro Update: The 25% tariffs by U.S. on Canadian goods and 10% on Canadian energy products came into force earlier this week. The Trump administration decided to delay the levy on auto companies for a month. The Canadian government, for its part, announced reciprocal tariffs on over $150 billion of US imports. On the economic the Canadian trade surplus widened to CAD 4.0 billion in January 2025, the largest since May 2022. Canada's merchandise exports rose 5.5% to …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index ended with a gain of 298.82 points or 1.22% at 24,870.82. Macro Update: On the economic front, the S&P Global Canada Composite PMI declined to 46.8 in February 2025, down from 49.5 in January, marking the steepest contraction in private sector output since January 2024. Productivity in Canada increased to 102.37 points in the fourth quarter of 2024 from 101.78 points in the third quarter of 2024, as per data from Statistics Canada. Top Movers: Ivanhoe Mines soared 12.8%. Bombardier Inc., and First Quantum Minerals climbed about 10% and 9.6%, respectively. SSR Mining, Novagold, Lundin Gold, Orla Mining, MDA Space, K92 Mining, BlackBerry, MAG Silver, Pan American Silver Corp., Alamos Gold, Aritzia, BRP, Linamar Corporation, Equinox Gold, Tilray, Air …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index, which tumbled to 24,344.84 around late morning, losing more than 650 points in the process, ended the session with a loss of 429.57 points or 1.72% at 24,572.00. Macro Update: Canadian retail spending increased by 3.2% to $839.8 billion in 2023, of which $67.7 billion was e-commerce revenue. Online sales increased by 7.0%, underscoring a sustained shift toward digital platforms. More than half of the retail operating revenue in 2023 was generated in four subsectors: motor vehicle and parts dealers (27.2% of retail operating revenue), food and beverage retailers (18.6%), general merchandise retailers (12.4%), and gasoline stations and fuel vendors (10.1%). Top Losers: Sangoma Technologies and Coveo Solutions tumbled 7.9% and 7.4%, respectively. Docebo ended at 6.35% down, and Lightspeed Commerce closed lower by 5.2%. Shopify Inc., …
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