Company Overview: Onex Corporation (TSX: ONEX) is a global investment firm that manages and deploys capital on behalf of its shareholders and clients. The company operates through two primary segments: Investing and Asset Management. This Report covers Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendation on this one stock. 

Canada Market Round-Up

The S&P/TSX Composite Index (TSX: ^TSX) delivered a strong performance last week, climbing 1.14% to close at 26,388.96, driven by broad-based gains. The positive momentum continued into June 2, with the index adding another 213.91 points (+0.82%), capping off the week on a high note. Sector-wise, the energy, base metals, telecom, and financials sectors led the rally, while healthcare, technology, utilities, and industrials underperformed relative to the broader market. On the economic front, Statistics Canada reported a modest 0.1% increase in real GDP for March, reflecting steady, if slow, economic growth. From a technical standpoint, the index remains above both its horizontal trendline and the 50-period Simple Moving Average (SMA), reinforcing the prevailing bullish trend. Immediate resistance is observed near 26,800, while key support is established around 25,600. The weekly Relative Strength Index (RSI) stands at 64.64, indicating stable momentum and ongoing buying interest, without yet approaching overbought conditions.

On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA BOC Rate Statement, US Non-Farm Employment Change and US Unemployment Claims.