The Canadian stock market advanced sharply yesterday as the financial sector helped send the Toronto stock market up after 4 of the big Canadian banks posted their quarterly earnings reports that beat expectations. Toronto’s S&P/TSX composite index advanced 2.5% with key support also coming from the energy sector which was up 3.5% as signs of [...]

Canada’s main stock index snapped a 3 day winning streak yesterday dropping more than 1% as rising yields on U.S. government debt fanned fears that higher borrowing costs for government, consumers and business, could delay an economic recovery. Higher yields on government debt was the exclusive and major factor that caused bonds and equities [...]

The Canadian dollar is super-charged lately with lots of volatility. The Canadian dollar closed higher versus the greenback (U.S. dollar) yesterday and touched the highest level in more than 7 months! A rise in oil prices and upbeat U.S. economic data translated into investor appetite for risk taking (in short, everybody sell U.S. [...]

Canada’s main stock index ended higher yesterday, led by the financials sector, as investors bought bank shares in anticipation of a better than expected earnings season for Canada’s largest organizations. The Financial sector climbed 2.1% as Canadian banks are expected to report another profitable quarter this week, defying global trends. This spring’s stock market [...]

Canada’s main stock index closed higher on Friday, but closed off with significantly higher gains early in the day as the energy and materials sectors got a lift from higher commodity prices. The materials sector, home to gold miners and fertilizer companies, gained 1.2% and led the TSX higher. The price of gold was [...]

Yesterday everything was driven by one fear – the United States.
Yesterday’s S&P outlook downgrade of the UK started chatter amongst investors about the US credit rating outlook since both countries are following similar economic policies (i.e. spend, spend and spend a little more). Bill Gross, the co-chief investment officer of the huge bond firm, [...]

Canada’s main stock index climbed more than 1.3% yesterday, rising oil and gold prices gave the index a big boost, however, profit taking by investors limited the gains. The index rose by as much as 2.6% shortly after the open, touching a 7 month peak of 10,365.39, as oil jumped to a 6 month [...]

Yesterday was “catch-up” for the Canadian stock market and it did it with style and conviction. Toronto’s main stock index rallied sharply reclaiming most of last week’s losses, as higher oil prices boosted the energy sector. The TSX caught up with a rise by global stocks on holiday Monday when the Toronto stock [...]

Yesterday was a holiday in Canada but risk is back in vogue and we have seen a full reversal of investor sentiment that we saw last week. The India elections sparked the risk rally with the market friendly Congress Party winning a mandate to pursue economic reforms. The Sensex (their local stock index) [...]

The Canadian stock markets finally snapped a 3 day losing streak yesterday as the main index climbed almost 140 points. The key materials, energy and financials sectors led a very broad based stock market rally.
The materials and energy groups began the session lower, spurred by softer commodity prices but both eventually gained momentum recovering [...]