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The S&P/TSX Composite Index is expected to open on a positive note, supported by continued strength in the basic materials and industrial sectors, which have recently helped drive the index towards record levels. The broader technical outlook remains constructive, with the index trading comfortably …
Canadian stocks moved higher on Friday as traders await a breakthrough in the ongoing Canada-U.S. negotiations to avert 50% tariffs on Canadian exports to the U.S. A surge in the materials sector owing to a sharp jump in gold-linked metal stocks supported the market.
Global Macro Backdrop
Canadian stocks ticked lower on Thursday after closing yesterday's session roughly flat as investors anxiously await the finalization of a Canada-U.S. trade deal to avert 50% U.S. tariffs before the Friday deadline, while the U.S. is set to launch unprecedented fresh economic offensives against …
Canadian stocks ended roughly flat on Wednesday, incrementally offsetting the losses from previous three sessions, as investors welcomed the pause on U.S. tariffs on Canadian goods for three days with cautious optimism while gold-linked materials sector skyrocketed following a surge in gold prices, lifting …
The broader technical outlook remains constructive, with the index trading comfortably above its 50-day SimpleMoving Average(SMA), which is acting as a key dynamic support level and reinforcing the prevailing medium-term uptrend. From a technical perspective, immediate support is positioned near 36,200, while the next …
Despite the anticipated decline, the broader technical outlook remains constructive, with the index trading comfortably above its 50-day SimpleMoving Average(SMA), which continues to act as a key dynamic support level and reinforce the prevailing medium-term uptrend. From a technical perspective, immediate support is positioned …
The Canadian market looks headed for another weak close with stocks from materials, technology and financial sectors reeling under sustained selling pressure on Tuesday. Higher bond yields and concerns about escalating tensions between Iran and the U.S., and worries about a new round of …
The S&P/TSX Compositeindexis expected to open on a positive note, supported by strength in the technology and energy sectors during the previous trading session.
Canadian stocks edged higher on Thursday, extending the gains from the four previous sessions as investors assessed the standoff between the U.S. and Iran over the reopening of the Strait of Hormuz as well as the deadlock in the Canada-U.S. negotiations for smoother trade …
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