After a day of pause, Canadian stocks resumed their upward trajectory on Wednesday as recently released domestic consumer inflation data gave investors confidence that more rate cuts may be on the horizon. The S&P/TSX Composite Index jumped by 122 points, or 0.5%, for the day to settle at 24,561 — reaching a new all-time high…
The Canadian stock market resumed its rally on Wednesday after two days of minor declines, as the minutes from the Federal Reserve’s September meeting suggested a growing inclination towards easing monetary policy. Hopes of more rate cuts reignited optimism despite weakness in commodity prices, driving the S&P/TSX Composite Index up by 152 points, or 0.6%,…
Consistent gains in commodity prices across the board and the latest U.S. wholesale inflation data, which largely matched expectations, propelled Canadian stocks to new heights on Thursday. Not only did the S&P/TSX Composite Index reach a record intraday high of 23,483, but it also ended the day at a fresh all-time high of 23,475, up…
The Canadian stock market continued to surge for a second consecutive session on Friday as weaker-than-expected U.S. personal consumption expenditure data raised the possibility that the Federal Reserve could start slashing interest rates soon. The S&P/TSX Composite Index climbed by 119 points, or 0.5%, to settle at 23,346, close to its all-time high. Even though…
After sliding for two consecutive sessions, the Canadian stock market bounced back on Friday after significantly weaker-than-expected domestic retail sales numbers strengthened near-term rate cut hopes. The S&P/TSX Composite Index inched up by 120 points, or 0.5%, during the session to settle at 22,321. While all key market sectors ended the day in green territory,…