Daily-Wrap

Macro Update:According to a business outlook survey conducted by Bank of Canada, more firms are now preparing themselves against a possible recession and hence hesitant to invest in hiring or growth. Around two-thirds are expecting a downturn in the next 12 months.

Macro Update:Governor of the Bank of Canada Tiff Macklem today stated that he expects growth in the Canadian economy to likely be softer during the second half of 2025 after activity contracted in the second quarter of this year. Macklem added that the central …

Macro Update:In Canada, the CFIB Barometer long-term index fell 3.9 points to 46.3 in October 2025. Confidence weakened across most sectors, led by construction, transportation, retail, and manufacturing. Data released by Canada Mortgage and Housing Corporation revealed that housing starts in Canada jumped 14% …

After opening above yesterday's close, the benchmark S&P/TSX Composite Index traded firmly positive throughout the session to finally close at 30,637.12, up by 283.51 points (or 0.93%).

Macro Update:Gold and silver, both of which have been up for three consecutive sessions, posted record highs today. Comex Gold for October delivery climbed to $4,138.70 per troy ounce and Comex Silver for October delivery rose to $50.314 per troy ounce. Yesterday, U.S. Treasury …

Macro Update:Data released by Statistics Canada today revealed that Canada's unemployment rate held steady at 7.1% in September, below market expectations of 7.2%.

Macro Update:In the U.S., the minutes of the September meeting of the U.S. Federal Reserve released yesterday revealed that most members of the interest-rate setting committee had supported further reductions as they were concerned that unemployment would rise.