Daily-Wrap

Canadian stocks moved in a volatile manner on Tuesday, ultimately closing slightly lower as investors reacted to U.S. President Donald Trump’s decision to pause a planned military strike on Iran, while warning that military action could still follow if Tehran fails to reach an …

Reversing the previous session’s gains, Canadian stocks fell on Friday after the U.S.-China summit ended without any announcement on possible Chinese mediation to help end the U.S.-Iran conflict, reigniting concerns over further escalation and leaving the Hormuz crisis unresolved.

On technicals front the momentum indicators remain broadly supportive, with the 14-day Relative Strength Index (RSI) at 50.67, suggesting neutral-to-positive momentum while still leaving room for further upside. Immediate support is located near the 33,700 level. A sustained break below this zone could trigger …

Canadian stocks moved modestly higher on Thursday as optimism grew over potential Chinese involvement in resolving the Strait of Hormuz crisis ahead of a U.S.-China summit, although the continued blockage of the strait kept pressure on global oil and energy markets.

The S&P/TSX Compositeindexis expected to open on a positive footing, supported by strength in the technology and energy sectors from the previous session. From a technical standpoint, the index continues to trade near a crucial horizontal resistance around the 34,400 level, which is capping …

After opening below yesterday's close, today the benchmarkS&P/TSX CompositeIndex traded lower throughout the session before settling at 34,041.43, down by 249.30 points (or 0.73%).

The S&P/TSX Compositeindexis expected to open on a positive footing, supported by strength in the basic materials and healthcare sectors from the previous session. From a technical standpoint, the index continues to trade near a crucial horizontal resistance around the 34,400 level, which is …