Daily-Wrap

Canadian stocks edged lower on Tuesday as declines in the energy sector and sharp losses in gold-related materials stocks weighed on the market. Investors also reacted cautiously to U.S. President Donald Trump's comments suggesting the Strait of Hormuz could reopen sooner than expected.

From a technical standpoint, the index remains near a key resistance zone around 34,600, an area that continues to limit near-term upside momentum and represents an important hurdle for the broader bullish trend. On the downside, immediate support is located near 34,300. A sustained …

Canadian equities edged higher on Monday as investors weighed U.S. President Donald Trump’s comments regarding U.S.-Iran peace negotiations alongside reports suggesting Iran is preparing for an extended conflict with Israel.

From a technical perspective, the index closed at 34,413.45 and continues to trade above its 50-day SMA of 33,897.65, keeping the broader trend constructive despite recent weakness. Immediate support is seen near 34,070, followed by 33,725, while resistance is located around 34,758 and 35,102. …

Canadian stocks declined sharply on Friday, giving back the previous session’s gains as stronger-than-expected employment data in both Canada and the U.S. reinforced expectations that interest rates could remain elevated for longer. The market was also pressured by profit-taking activity following the strong rally …

From a technical standpoint, the index is approaching a key horizontal resistance zone near 35,400, which continues to limit near-term upside momentum and represents an important test of the broader bullish trend. Immediate support is located around 35,100, and a sustained break below this …

Canadian equities rebounded sharply on Thursday after the previous session’s decline, driven by growing optimism over easing tensions in the Middle East. Investor sentiment improved following Israel and Lebanon’s agreement to renew a ceasefire, while the U.S. and Iran confirmed that diplomatic talks aimed …