Canada’s key stock index surged to its highest close in more than 3 weeks yesterday as Canadian banking shares got another lift yesterday after yet another U.S. bank said it had started 2009 with a profit. The influencial energy sector also played a major role in lifting the resource heavy index to a 3rd [...]

Canada’s main stock index closed higher for a 2nd straight day yesterday as rising gold prices helped lift gold mining shares (materials sector), which more than offset a weaker energy sector. The materials sector which accounts for up to 20% of the index and includes some major gold mining companies not included in the [...]

Canada’s main stock market index rose more than 4% yesterday to close at its highest level in over two weeks as Citigroup said it was profitable during the first 2 months of the year, easing some major investor concerns about the battered U.S. bank and the overall banking system. In a memo to staff, [...]

Canada’s main stock index ended at its lowest close in more than 5 years yesterday as weaker gold prices dragged down the materials sector while bank worries weighed on financial issues. The materials sector was down 0.98% while concerns over the outlook for the global banking sector sent financials down 2.5%.
There’s really not a [...]

Canada’s main stock market the S&P/TSX Composite Index ended at its lowest closing level in 5 years on Friday (this is actually very good relative to the rest of the world), as early strength in stocks (this can be attributed to a better than expected yet dismal U.S. jobs report) faded as the day progressed [...]

Canada’s main stock in the S&P/TSX Composite Index closed lower yesterday, giving back all the gains made during the previous day. Ongoing concerns about the global economic outlook shook the energy and financial heavy index.
The S&P/TSX composite index closed down 2.45%. Stocks dropped with the Dow and S&P falling to fresh 12-year lows [...]

Canada’s main stock index closed higher yesterday as talk of new stimulus measures in China lifted oil prices and pushed energy shares higher. The 2.4% stock market rally gave the index the 1st positive day in 4 days and allowed it to reclaim the value it lost when stocks in Canada dropped to its [...]

Canada’s main stock index dropped yesterday, led by the financial sector, despite positive earnings from the Bank of Montreal, Scotiabank and the Bank of Canada’s decision to cut their key rates by 0.50%.
The S&P/TSX composite index made triple digit swings in both directions (up-down-up and then down) before closing down about 2/3rds of a [...]

Canada’s main stock index fell about 5.4% on Monday, dragged lower by lower oil prices, worries over the global financial system and data showing Canada was in the midst of a recession. Statistics Canada said before markets opened that the economy contracted at an annualized rate of 3.4% in the 4th quarter, the worst [...]

I will attempt to get to the point.
Nobody trusts U.S. banks and the U.S. government is having a hard time reassuring investors that things are being fixed and any action that we have seen recently has hurt stock investors.
Canada’s main stock index retreated on Friday after 3 days of gains as the U.S. government’s announcement [...]