The Canadian stock market rose by 0.73% yesterday as higher oil prices and corporate earnings that beat investor expectations sparked renewed interest in equities (taking risk for higher returns) after 2 straight days of declines.
The price of oil, which is key driver to Canadian stock markets, rose above $51 a barrel on optimism that the [...]

Canada’s main stock marketed finished lower for a 2nd straight day yesterday as worries about the dangers of a possible swine flu pandemic pulled down commodities prices. Commodity & energy related stocks account for about 40% of the Canadian stock market and these stocks led the way lower.
The energy sector dropped 1.22% as [...]

The Canadian stock market could not get a good start to the 8th week of potential gains yesterday and the S&P/TSX Composite Index fell 1.6%. The index broke a 4 day rally, as fears of an international swine flu outbreak rattled commodity prices, dampening hopes for continued progress on the current economic recovery.
Resource or [...]

Canada’s main stock index rose to its highest level in more than 5 months on Friday, and posted its 7th straight week of gains, as rising oil and gold prices powered heavily weighted commodity index higher. The materials sector appreciated by 4.28% as gold mining shares were supported by higher bullion prices while the [...]

The Canadian stock market stayed positive for the day yesterday as Wall Street struggled significantly more with finding a direction amongst a “flurry” of economic news and mixed earnings. Statistics Canada said retail sales edged up 0.2% in February to $33.7 billion, driven by higher prices rather than sales volumes. Investors were also [...]

Canada’s main stock index finished higher yesterday, but gave up earlier triple digit gains, as questions and concerns about the direction of the global economy weighed on stock markets.
The S&P/TSX composite index still appreciated in value but at one time climbed as much as 164 points in the afternoon (we will see if we [...]

The Canadian stock market posted a solid gain yesterday. Stronger oil prices and optimistic comments from U.S. Treasury Secretary Timothy Geithner were key contributing factors.
The modest advance in oil prices boosted the heavily weighted energy group by 1.86%, while financials jumped by 2.8% after Geithner said the majority of U.S. banks have [...]

Canada’s main stock index tumbled more than 3% yesterday as investors ‘booked’ recent profits. Stock endured a sharp drop in the price of oil and new concerns over the vitality of U.S. banks (although they are not out of the woods yet many have seen their stock prices appreciate significantly in the recent past).
The [...]

Canada’s main stock index fell yesterday after hitting a 3 month high the previous day as lower oil prices pulled down the heavily weighted energy sector which dropped 2.1%. Oil is a key Canadian export and the price or change in price of oil will often dictate the direction of the stock market. [...]

Canada’s main stock index rose 1% on Monday to finish higher for a 3rd straight session. Financial issues led the way based on optimism that quarterly U.S. bank results this week will show the sector has stabilized after being shaken hard in the global financial crisis. The bank results suggest that credit conditions [...]