Daily-Wrap

Macro Update:The price of crude oil has skyrocketed to over $80 a barrel amid supply disruption fears, leading to worries about inflation. The U.S. military said it struck an Iranian vessel described as a "drone carrier." Iran said that new inventions are on the …

Macro Update:In economic news, data from S&P Global showed the S&P Global Canada Composite PMI recorded 47.1 in February 2026, up from 46.4 in January and remaining below the 50.0 no-change mark for a fourth straight month. The manufacturing PMI for February came in …

From a technical perspective, the index continues to maintain a constructive structure, trading comfortably above its 50-period Simple Moving Average (SMA), which remains an important dynamic support within the prevailing uptrend. The 14-period Relative Strength Index (RSI) is currently around 57.08, indicating sustained buying …

Macro Update:As the conflict entered its fourth day, U.S. President Donald Trump suggested the war may last four to five weeks but could "go far longer than that."Secretary of Defense Pete Hegseth also offered few details about the duration of the operation against Iran …

From a technical perspective, the index continues to trade above a key rising trendline support near 33,400 a level that remains vital to preserving the broader bullish structure. A sustained move below this zone may prompt short-term consolidation. On the upside, immediate resistance is …

Macro Update:Iran retaliated by launching waves of drones and missiles on countries across the Middle East, including Kuwait, the United Arab Emirates, Bahrain, Saudi Arabia, Oman, and Qatar. The conflict in the region escalated further today after Israel launched airstrikes on Hezbollah targets in …

With Canada’s market sensitivity to energy and mining names, early direction will likely hinge on oil, bullion and any notable moves in North American bond yields.