Daily-Wrap

Macro Update:On the economic front, manufacturing PMI in Canada increased to 48.6 points in December from 48.4 points in November, data from S&P Global showed.

Macro Update:However, concerns are rising as CUSMA is coming up for renewal in the coming year, because Trump has hinted that the U.S. would want to amend the deal to benefit U.S. manufacturing industries or even may walk out of the deal.In his customary …

Macro Update :US 10-Year Yield Holds Near Multi-Week Low:The US 10-year Treasury yield hovered around 4.13%, staying close to its lowest level in over three weeks. Investors continued to weigh a divided Federal Reserve, which signaled openness to further cuts if inflation keeps easing.Fed …

Macro Update:The Canadian PMO later announced that Carney's government will provide $2.5 billion in economic assistance for Ukraine. Of note, since 2022, Canada has provided around $22 billion to aid Ukraine. Reportedly, Carney's gesture has not been welcomed by Canadians, who are already facing …

The benchmark S&P/TSX Composite Index settled with a loss of 58.97 points or 0.18% at 31,999.76 after moving between 31,194.73 and 32,079.65.

Macro Update :U.S. Futures Dip After Record Close:U.S. equity futures edged lower after the S&P 500 logged another record close. With the holiday-shortened session ahead, investors stayed cautious despite the market’s recent momentum.

Macro Update:Front Month Comex Gold for December delivery rose sharply by $83.20 (or 1.91%) to $4,444.60 per troy ounce. Notably, this is a new record high for gold prices. The U.S.-Venezuela conflict escalated further with the U.S. military moving to seize a third "sanctioned …