Daily-Wrap

Macro Update:Last week, while holding the policy rate steady at 2.25%, the Governor of Bank of Canada Tiff Macklem suggested that the central bank was ready to raise rates only if circumstances warrant. In the U.S., investors have wound up their expectations on any …

However, from a technical perspective, the index remains below a key rising trendline resistance near the 32,100 level, signalling ongoing fragility in the near-term market structure. As long as the index trades beneath this barrier, downside risks are likely to persist, potentially resulting in …

Index Update:Canadian stocks climbed sharply on Wednesday, building on gains from the prior two sessions, as reports that the U.S. had presented a 15-point peace proposal to Iran boosted hopes that the ongoing Middle East conflict may be nearing a resolution. After opening higher …

Jobless Claims for the week and fed speeches might get attention on Thursday. The Middle East conflict continue to disturb market sentiments. Investors have lost hope of a de-escalation in the U.S.-Iran conflict and uncertainty might drag on.

Macro Update:The Strait of Hormuz, which has been blocked since the gulf war began, is the focus of investors. As an end to the war or a ceasefire could reverse the closure of the narrow seaway and normalize oil flow to the markets and …

However, from a technical standpoint, the index continues to trade below a key rising trendline resistance near the 32,200 level, signalling ongoing caution in the near-term market structure. As long as the index remains below this barrier, the risk of further consolidation or corrective …

Macro Update:Though Iran's semi-official news agency Mehr disputed this claim by stating Iran was not engaged in any direct or indirect negotiations, Trump's optimistic tone on delaying the strikes was enough to calm the tension that erupted with escalation concerns. As a result, with …