Canada’s stock index closed up 2.4% higher on Thursday in advance of the long weekend, recording its 5th straight weekly gain, as the financial sector received a huge lift from upbeat news and corporate results from the U.S. banking sector. Higher oil prices helped lift the energy sector.
U.S. bank Wells Fargo (4th [...]

Canada’s main stock index rebounded from an early drop yesterday to end higher as rising oil prices gave support to the energy sector, but ongoing economic concerns held the gains in check.
Energy shares followed the market down at the start of the session but then turned up as data from the U.S. Department of Energy [...]

What a difference a day or two makes as investor pessimism quickly returned. Canada’s main stock index finished more than 2% lower yesterday, hurt by lower oil prices and renewed worries about toxic assets in the global banking industry.
Oil prices fell more than 3% to $49 a barrel and in turn, the energy sector [...]

Canada’s main stock index closed lower yesterday but the index did manage to regain some of the earlier losses posted early in the day as the gains in the financial and energy groups offset falling gold prices.
The index fell sharply in the morning as a U.S. analyst’s note to investor’s sapped optimism about the banking [...]

The Canadian stock market closed with little changed on Friday as investors stepped back at the end of a 4th consecutive positive week. The stock rally which began on March 10th has lifted the TSX index by 20% since hitting multi-year lows on March 9th.
Stock markets were lifted by a pledge made by [...]

Global stock markets surged ahead yesterday based on the outcome of the G20 summit.
The G20 leaders pledged an additional US$1 trillion yesterday to restore credit, growth and jobs around the world, an agreement Prime Minister Stephen Harper hailed as an “unprecedented” consensus (it is true he did miss the initial group photo and [...]

Stock markets rose sharply yesterday on the 1st day of the month and the 1st day of the 2nd quarter, as better than expected car sales, manufacturing activity and construction brought bulls back to extend the 3 week old stock market rally.
Stock market indices started the day down as other data suggested deep American [...]