Daily-Wrap

Canadian equities showed little movement Monday following the U.S. seizure of an Iranian vessel, which threatened the fragile two-week ceasefire and renewed fears of Gulf tensions and crude supply disruptions.

Rebounding from yesterday's losses, Canadian stocks climbed on Friday as market participants welcomed Iran's reopening of the Strait of Hormuz which cooled the tensions related to crude oil supply disruption ahead of the second round of U.S.-Iran peace talks.

From a technical standpoint, the index is hovering near a key rising trendline resistance around 34,550, highlighting fragility in the near-term structure. As long as this level remains unbroken, the overall bias is likely to stay cautious, with scope for continued consolidation or a …

After opening above yesterday's close, today the benchmarkS&P/TSX CompositeIndex held momentum early in the session but gave ground later to trade below the flatline before settling at 34,052.23, down by 103.76 points (or 0.30%).

From a technical perspective, the index is hovering near a key rising trendline resistance around the 34,300 level, indicating ongoing fragility in the near-term structure. As long as this level remains unbroken, the overall bias is likely to stay cautious, with scope for further …

After opening just a little above yesterday's close, today the benchmarkS&P/TSX CompositeIndex gave ground early in the session but regained the momentum to trade positive throughout the rest of the day before settling at 34,155.99, up by 53.63 points (or 0.16%).

From a technical perspective, the index continues to trade below a key rising trendline resistance near the 33,800 level, highlighting ongoing fragility in the near-term structure. As long as this barrier remains intact, the overall bias is likely to stay cautious, with the potential …