Daily-Wrap

Macro Update:Yesterday, the Bank of Canada held interest rates at 2.25% as it expects global inflation to move higher in the near-term due to the gulf war. The central bank asserted that it was open to hiking rates if needed. Being a net oil …

From a technical standpoint, the index continues to trade below a key rising trendline resistance near 31,500, signalling persistent near-term weakness in the market structure. As long as the index remains below this level, downside risks may persist, potentially leading to extended consolidation or …

Macro Update:Statistics Canada's data showed that the year-on-year inflation rate fell to 1.80% in February from 2.30% in January, while month-on-month, it increased 0.50%. Annual core inflation fell to an 11-month low of 2.30% in February from 2.60% in January, while month-on-month it rose …

From a technical standpoint, the index continues to trade below a key rising trendline resistance near 32,700, signalling persistent near-term weakness in the market structure. As long as the index remains below this level, downside risks may persist, potentially leading to extended consolidation or …

Macro Update:The Bank of Canada is set to announce its decision on the overnight rate tomorrow followed by a press release explaining the reason for its decision. The war, which began on February 28, has catapulted oil prices over the past few weeks. The …

However, from a technical standpoint, the index continues to trade below a key rising trendline resistance near the 33,200 level, indicating ongoing caution in the near-term outlook. As long as the index remains below this barrier, the possibility of further consolidation or corrective movement …

However, from a technical perspective, despite the recent pullback, the broader market structure continues to indicate a phase of healthy consolidation rather than a definitive trend reversal. From a technical standpoint, the index remains below its 21-period Simple Moving Average (SMA) on the daily …