Daily-Wrap

Canadian stocks edged lower on Tuesday, giving back part of the previous session’s gains as weakness in the energy sector, driven by the reopening of the Strait of Hormuz and lower oil prices, combined with declines in gold-related materials stocks amid concerns over elevated …

Despite the anticipated pullback, the technical outlook remains constructive, with the index continuing to trade comfortably above its 21-day Simple Moving Average (SMA). This key indicator reinforces the prevailing bullish trend and suggests that buyers remain firmly in control of the broader market direction. …

Canadian stocks posted modest gains on Monday, recovering some losses from the previous three sessions as investors assessed developments in U.S.-Iran peace discussions and mixed reports regarding the potential reopening of the Strait of Hormuz.

From a technical perspective, the index continues to trade comfortably above its 21-day Simple Moving Average (SMA), reinforcing the prevailing bullish trend and signalling that buyers remain firmly in control of the broader market direction. Momentum remains constructive, with price action holding above key …

Canadian stocks edged lower on Friday as investors assessed the U.S.-Iran Memorandum of Understanding signed earlier in the week, while sentiment was weighed down by the cancellation of the planned first round of U.S.-Iran talks in Switzerland following renewed Israel-Hezbollah hostilities.

From a technical perspective, the index continues to trade comfortably above its 21-day Simple Moving Average (SMA), reinforcing the prevailing bullish trend and indicating that buyers remain in control of the broader market direction. Momentum remains constructive, with price action continuing to hold above …

Canadian equities closed modestly lower on Thursday as declining crude oil prices, following the reopening of the Strait of Hormuz, pressured the energy sector. At the same time, a sharp drop in gold prices, driven by expectations of higher U.S. interest rates, weighed on …