Canadian stocks continued to fall sharply on Friday before getting into the long Civic Holiday weekend, as escalating trade tensions, mixed corporate earnings, and weakening crude oil prices weighed on investor sentiment. The S&P/TSX Composite Index plunged by 239 points, or 0.9%, to settle at 27,020 — marking its steepest single-day percentage decline in over…
The Canadian stock market notched a fresh all-time high for a third consecutive session on Thursday, as better-than-expected U.S. labour market data and signs of easing trade tensions lifted confidence in the economic outlook and further fueled hopes for a soft landing. The S&P/TSX Composite Index climbed by 165 points, or 0.6%, to 27,034 –…
Canadian stocks remained largely unchanged on Friday as escalating geopolitical conflicts in the Middle East and an uncertain economic outlook kept investors on edge. Despite opening around 100 points above its previous close, the S&P/TSX Composite Index ended the volatile session with a loss of 8 points, settling at 26,498. All main sectors, except healthcare,…
Canadian stocks went sideways on Tuesday as the escalating Israel-Iran conflict and weaker-than-expected U.S. retail sales data kept investor sentiment in check ahead of the Federal Reserve’s policy announcement. The S&P/TSX Composite Index slipped by 27 points to settle at 26,541. Even as surging crude oil prices supported the rally in energy stocks, most other…
Canadian equities continued to trade on a slightly negative note on Friday as mixed economic data and global trade uncertainties momentarily cooled investor enthusiasm. The S&P/TSX Composite Index slipped by 36 points for the day to settle at 26,175. Nevertheless, the market index still ended the month with a solid 5.4% gain — marking its…
Even with a 90-day tariff break for most countries and milder U.S. inflation data, Canadian stocks fell Thursday amid mounting trade tensions between Washington and Beijing. A day after posting its largest single-day percentage gain in over five years, the S&P/TSX Composite Index fell by 712 points, or 3%, for the day to settle at…
Canadian stocks resumed their upward momentum on Wednesday after the U.S. Federal Reserve kept the interest rates steady but projected that rate cuts could be on the horizon later this year. Hopes of multiple rate cuts in 2025, along with rallying commodity prices, pushed the S&P/TSX Composite Index up by 363 points, or 1.5%, to…
The Canadian stock market climbed for the ninth consecutive session on Friday as gold prices strengthened further, while investors welcomed the new U.S. administration’s push for more interest rate cuts. The S&P/TSX Composite Index rose by 34 points to settle at 25,468, posting its longest winning streak since October 2021. Although some sectors like energy…
Canadian equities started the new week on a negative note after the Bank of Canada governor Tiff Macklem highlighted that economic risks still persist, citing weaker economic growth, elevated wage pressures, and potential U.S. trade tariffs as uncertainties. These comments, coupled with investors’ anxiety about the U.S. Federal Reserve’s upcoming policy decision, dragged the S&P/TSX…
After ending November with solid 6.2% gains, the TSX Composite started the new month on a slightly negative note as weaker commodity prices weighed on investors’ sentiments despite the release of better-than-expected U.S. manufacturing data. The main Canadian stock market index slipped by 58 points, or 0.2%, on Monday to settle at 25,590. Even though…