Daily-Wrap

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 …

Macro Update:Data released by Statistics Canada today revealed that the unemployment rate in Canada hovered around 6.7% in March, slightly below the expected 6.8%. The score is largely unchanged from the prior month. Employment in Canada edged up by 14,000 jobs (or 0.10%) in …

The S&P/TSX Composite Index is expected to open on a softer note, even as the previous session witnessed sector-specific gains, particularly in basic materials and utilities, which provided only limited support to the broader market. From a technical standpoint, the index continues to trade …

Macro Update:U.S. President Donald Trump agreed to a two-week ceasefire in the U.S. war with Iran that began on February 28. While Trump consented to halt strikes on Iran, Iran conceded to reopen the Strait of Hormuz as per the ceasefire plan.

From a technical perspective, the index remains below a key rising trendline resistance near 33,900, signalling continued fragility in the near-term structure. As long as this barrier holds, the overall bias is likely to remain cautious, with potential for further consolidation or corrective movement. …

Macro Update:On the data front, the S&P Global's Composite Purchasing Managers' Index for Canada recorded 47.60 in March, up from 47.10 in February. The PMI Business Activity Index rose to 47.20 in March from 46.50 in February, indicating a solid decline in activity, despite …