Daily-Wrap

The S&P/TSX Compositeindexclosed near 36,553.92, remaining above its 50-day SMA of 35,687.46 and retaining a firm medium-term technical structure despite the latest decline. Price action has eased from recent highs, while the RSI remains in a moderately positive zone. The 14-day RSI stood at …

Global Macro Backdrop

Canadian stocks moved lower on Wednesday, marginally offsetting three sessions of gains as investors assessed the possible impacts on the economy after the U.S. and Canada slapped tariffs and counter-tariffs on each other.

Adding to two days of gains, Canadian stocks edged higher on Tuesday as investors continued to watch the developments in the Canada-U.S.Trade Warwhile Canada announced retaliatory duties on the U.S. imports amounting to nearly $20 billion against the U.S. levies of 50%.

Global Macro Backdrop

Canadian stocks inched higher on Monday, adding incrementally to Friday's gains, as investors held away from risky bets to focus on Canada's moves after the collapse of Canada-U.S. trade talks and newTariffthreats from U.S. President Donald Trump. In addition, traders dissected the consequences of …

The broader technical outlook remains constructive, with the index closing at 36,714.12 on August 24 and continuing to trade close to its record high of around 36,845. The index has gained more than 3% over the past month and remains in a strong medium-term …