Canadian equities staged a sharp recovery on Wednesday as U.S. president Donald Trump’s comments about the U.S.-Iran negotiations being in their final stages eased fears of prolonged supply disruptions. Hopes of a potential diplomatic breakthrough between Washington and Tehran, coupled with a recovery in metals prices, drove the S&P/TSX Composite Index up by 421 points,…
Canadian equities continued to surge for a second consecutive session on Wednesday as hopes of a potential de-escalation in the Middle East conflict and easing energy prices continued to lift overall market sentiment. The S&P/TSX Composite Index inched up by 190 points, or 0.6%, to settle at 32,958 — extending the market benchmark’s two-day gains…
The selloff in Canadian equities continued on Thursday as a cautious monetary policy outlook and expanding Middle East conflict weighed on investor sentiment. The S&P/TSX Composite Index tanked by 458 points, or 1.4%, to settle at 31,855, marking its lowest closing so far in 2026. Even as elevated crude oil prices drove energy stocks higher,…
After plunging by 3.7% last week due to the expanding U.S.-Israel-Iran conflict, Canadian stocks started the new week on a slightly positive note as U.S. president Donald Trump’s latest remarks suggested the military campaign against Iran may be nearing its end sooner than initially expected, which also supported a pullback in crude oil prices from…
After a day of pause, Canadian equities resumed their trend on Tuesday as stronger-than-expected U.S. consumer confidence data for February, strong metals prices, and largely upbeat corporate results helped investors temporarily shake off lingering concerns around trade tensions and inflation pressures. The S&P/TSX Composite Index advanced by 194 points, or 0.6%, to close at a…
Despite firm gold and silver prices, Canadian stocks traded on a mixed note on Friday as a stronger-than-expected domestic jobs report raised concerns about the Bank of Canada’s next policy move, while corporate earnings painted a varied picture across sectors. The S&P/TSX Composite Index finished the day up 44 points to 29,912, but ended the…
Canadian stocks trended higher for a second consecutive day on the final trading session of October as investors reacted positively to largely better-than-expected corporate earnings. The S&P/TSX Composite Index advanced by 82 points, or 0.3%, on Friday to settle at 30,261 — ending October with a 0.8% gain to mark the benchmark’s sixth monthly advance…
Firm commodity prices and weaker-than-expected U.S. consumer inflation print drove Canadian stocks higher for the third consecutive session on Friday as investors interpreted the data as a sign of easing inflationary pressures. The S&P/TSX Composite Index climbed by 167 points, or 0.6%, to settle at 30,353 — extending its weekly gains to 0.8%. Despite weakness…
Despite strengthening crude oil and precious metals prices, Canadian equities remain largely range-bound on Tuesday as investors digested fresh consumer inflation data and awaited rate announcements. The S&P/TSX Composite Index slipped by 116 points, or 0.4%, for the day to settle at 29,315. Even as solid intraday gains in oil and gas prices drove energy…
Even with rising commodity prices and stronger-than-expected U.S. GDP (gross domestic product) data for the second quarter, the Canadian stock market remained volatile on Thursday as investors continued to assess fresh bank earnings and global economic signals. Despite climbing by nearly 100 points in intraday trading, the S&P/TSX Composite Index ended the session with a…