Daily-Wrap

Macro Update:To restore the economy and increase investor confidence, Canadian Prime Minister Mark Carney is taking vigorous measures to steer away from the U.S. for defense and economic relations. Yesterday, Canada joined a multibillion-dollar European Union defense fund program, Security Action for Europe (SAFE). …

Macro Update:Last week, at an industry event organized in Calgary, Canadian Prime Minister Mark Carney stated that U.S. tariffs and the consequent uncertainty are set to wipe out $50 billion (roughly $1,300 for every Canadian) from the national economy. The S&P Global Canada manufacturing …

Macro Update:Data released by Statistics Canada today revealed that the Gross Domestic Product expanded at an annualized 2.6% for the third quarter 2025, bouncing back from a 1.8% drop in the previous period, much higher than forecasts of 0.5%. Notably, it is the strongest …

Macro Update:The U.S. Federal Reserve's monetary policy meeting is slated for December 9-10. Recent U.S. economic data releases indicate a softening job market. Three U.S. Federal Reserve officials reaffirmed their preference for lowering the interest rates early this week. As these developments accelerated expectations …

Macro Update:Despite remarks by Fed officials in recent weeks indicating a divergence of views on the need for another rate cut, since Monday three Fed officials have reiterated their preference for lower rates. On the geopolitical front, the U.S. has come up with a …

Macro Update:Today in the U.S., the Bureau of Labor Statistics data revealed that producer prices rose by 0.3% in September - matching forecasts - after edging down by 0.1% in August. On an year-on-year basis, the producer prices increased 2.70% in September. Month-on-month core …

After opening just above the previous week's close, the benchmark S&P/TSX Composite Index soon gained momentum to trade on the upside throughout the session before settling at 30.604.35, up by 443.70 points (or 1.47%).