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 benchmark S&P/TSX Composite Index closed down 391.88 points or 1.54% at 25,001.57. The index dropped to a low of 24,885.70 in the final hour, before staging a modest recovery from that level. Macro Update: The mood remained bearish on Bay Street as U.S. President Donald Trump confirmed that the 25% tariffs on Canada and Mexico will take effect Tuesday. Trump also announced plans to impose tariffs on imported agricultural products from April 2. The S&P Global Canada Manufacturing PMI fell to 47.8 in February of 2025 from 51.6 in the previous month, contrasting sharply with market expectations of 51.9. The result pointed to the first decline in factory activity since August of last year and the sharpest since December 2023. Top Movers: Stella-Jones, …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index ended with a gain of 265.21 points or 1.06% at 25,393.45. The index gained about 1% in the week but posted a month loss of over 1%. Macro Update: Data from Statistics Canada said the Canadian GDP rose by 0.6% over a quarter in the three months to December of 2024, following an upwardly revised 0.3% increase in the prior period. The Canadian GDP increased by 0.3% from the previous month in January of 2025, according to a flash estimate. Top Movers: Pembina Pipeline Corporation rallied 7.1%. GFL Environmental climbed 5%. Royal Bank of Canada, Enbridge, IGM Financial, TMX Group, RB Global, Canadian Pacific Kansas City, Brookfield Wealth Solutions gained 2 to 5%. Our Stance: the index is well above …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index settled with a loss of 200.12 points or 0.79% at 25,128.24, the day's low. The index touched a high of 25,417.52 at the start. Macro Update: Data from Statistics Canada showed Canada's current account deficit widened to C$ 5.0 billion in Q4 2024, up from an upwardly revised C$ 3.6 billion in Q3. Another report from Statistics Canada said average weekly earnings of non-farm payroll employees in Canada rose by 5.8% year-on-year to $1,290.82 in December 2024, the most since March 2021, following a 5.0% year-over-year increase in November. Top Movers: Kinaxis gained 5.2%. E-L-Financial Corporation, Stella-Jones, iA Financial Corporation, Restaurant Brands International, First Quantum Minerals, ATS Corporation, Pembina Pipeline Corporation, Colliers International and Franco-Nevada Corporation advanced 1 to …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index closed up 124.38 points or 0.49% at 25,328.36, gaining for a third straight session. The index scaled a low of 25,208.56 and a high of 25,441.73 intraday. Macro Update: On the economic front, data from Statistics Canada said wholesale sales in Canada increased by 1.8% month-over-month in January 2025, rebounding from a 0.2% decline in December, preliminary estimates showed. Top Movers: Aya Gold & Silver and Fortuna Silver Mines climbed 7% and 6.25%, respectively. Oceanagold, Orla Mining, Iamgold Corp, First Majestic Silver Corp, Hudbay Minerals, Sandstorm Gold and Ngx Minerals gained 4 to 5.3%. MAG silver, New Gold, Capstone Mining Corp, Torex Gold Resources and Kinross Gold Corp also rallied sharply. Our Stance: Despite this upward movement, the technical outlook …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index closed up 52.72 points or 0.21% at 25,203.98, recovering well from an early low of 24,946.06. Macro Update: On the economic front, data from Statistics Canada said manufacturing sales in Canada likely rose 2% month-over-month in January, following a 0.3% rise in December, according to preliminary estimates. Top Movers: Innergex Renewable Energy shares skyrocketed nearly 55% after the company announced that it has signed a definitive agreement that will see investment group CDPQ acquire all of its issued and outstanding common shares, other than those held by CDPQ and certain members of senior management, for $13.75 per share in cash. George Weston, South Bow, Canadian Tire Corporation, TFI International, Colliers International, Manulife Financial, FirstService, CCL Industries, Stella-Jones, Empire Company, …
Image Source : Krish Capital Pty Ltd Index Update: he benchmark S&P/TSX Composite Index, which tumbled to 25,020.03 in early trades, losing nearly 130 points in the process, climbed to 25,255.92 around mid afternoon, but pared most of its gains and finally ended the day's session with a small gain of 4.23 points or 0.02% at 25,151.26. Macro Update: The uncertainty lingered as Canada and Mexico stepped up efforts to avoid 25% tariffs on exports to the United States, hoping to persuade President Donald Trump's administration that its improved border security and fentanyl trafficking measures are effective before the March 4 deadline. Top Movers: Dye & Durham soared 25%. Canada Goose Holdings zoomed 12%. Eldorado Gold, iA Financial Corporation, Lundin Gold, Westshore Terminals Investment Corporation, Cogeco Inc., E-L-Financial Corporation and Metro Inc gained …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index ended with a loss of 367.05 points or 1.44% at 25,147.03, slightly off the day's low of 25,126.74. The index shed about 1.2% in the week. Macro Update: On the economic front, retail sales in Canada are expected to ease by 0.4% from the previous month in January of 2025, the first drop in seven months, according to preliminary estimates. That follows a 2.5% surge in the final month of 2024, revised higher from the preliminary estimate of 1.6%, to mark the sharpest rise in retail turnover since May of 2022. Top Movers: Tilray surged nearly 10%. Storage Vault closed 7.3% up. Innergex Renewable Energy, Lundin Gold, Bausch Health Companies, BCE Inc., Boralex, Emera Incorporated, Telus …
Image Source : Krish Capital Pty Ltd Index Update: The benchmark S&P/TSX Composite Index ended with a loss of 112.08 points or 0.44% at 25,514.08, nearly 80 points off an early low of 25,436.88. Macro Update: Data from Statistics Canada showed new home prices in Canada decreased by 0.1% month-over-month in January. The house price index remained unchanged at 0.1% in January, same as in January last year. Industrial producer prices in Canada rose by 1.6% over a month in January following a 0.4% increase in December. On yearly basis, producer prices jumped by 5.8%, to the highest level in the past 12 months. Top Movers: First Majestic Silver Corp, Ivanhoe Mines, Capstone Copper Corp, Manulife Financial Corporation and TransAlta Corporation climbed 6.4 to 7.2%. Our Stance: Despite this setback, the index remains above …
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