Canada’s main stock market fell for a 3rd consecutive session yesterday with heavy losses posted in the energy and financial sectors.
Soft U.S. retail sales figures wounded investor sentiment. The weaker than expected retail sales report reduced investor optimism and dampened hopes for a quick economic recovery thereby “sparking” a selloff in stock [...]

The Canadian stock market struggled for leadership prior to ending down marginally yesterday, with financial shares weighing heavily on the overall stock market. Toronto’s S&P/TSX composite index closed down 0.16%. The index moved in a wide range, falling more than 1% and rising more than 1% within the day (a mini-version of the prior [...]

Canada’s stock market dropped in value yesterday (not atypical for a Monday during the previous 2 months) as retreating commodity prices weighed on the resource heavy stock market and as investors took profits following last week’s big gains (not to mention big gains in the last 2 months). The energy sector led all sectors [...]

Canadian stocks jumped to their highest close in more than 6 months on Friday, assisted by higher oil prices and rising investor optimism over surprisingly strong jobs data (especially in Canada) and the outlook for the U.S. financial system. In short, we are leaving a period of time where investors were throwing around the [...]

The Canadian stock market fell yesterday, after 4 straight days of gains, as weak results from Canada’s big insurance companies hit financial issues and oil prices pulled back from earlier highs. The financial sector was down 3.2%, led by a broad selloff, as the country’s top three insurance companies reported quarterly results that reflected [...]

The main Canadian Stock index the S&P/TSX composite index finished up 262.71 points, or 2.7%, at 10,143.43, its highest close since November 4th. The TSX shot through the 10,000 mark to its highest close in 6 months as resource and financial sectors led a rally fueled by optimism that the global economy is stabilizing. [...]

Stock markets were flat yesterday thereby retaining most of the big gains posted on Monday despite a guarded assessment of the economy from U.S. Federal Reserve chairman Ben Bernanke. The S&P TSX composite index kept its winning streak alive. Commodity stocks took the biggest hit after leading the market upward Monday, but this [...]

Canada’s main stock index jumped 3.93% yesterday to its highest level in almost 6-months as optimism over the health of the global financial sector and the global economy in general pushed stock prices higher amongst all sectors. Prices for oil and base metals surged as recent strong economic data built hopes that global consumption [...]

The Canadian stock market finished the week strong on Friday even though the index posted its first loss in 8 weeks dropping approximately 0.60%. On Friday, we saw major support coming from energy and mining sectors. Toronto’s S&P/TSX composite index moved ahead 171.67 points to 9,496.50 (although, down 55 points for the week), [...]

Canada’s main stock index fell nearly 0.97% percent yesterday, dropping from the highest level in more than 5 months as commodity shares declined in value and Chrysler finalized its bankruptcy filing which weighed on stock market sentiment.
The materials sector which is home to many gold companies was down 2.13% after gold prices failed to [...]