Canada’s main stock index ended higher yesterday as a rise in oil prices fueled energy shares. Banks rallied as investors spruced up their portfolios ahead of the end of the quarter today. Canadian banks were among the key drivers behind the TSX’s rally, and analysts said this was largely due to end of [...]

The Canadian stock market followed its heavyweight financial shares to a higher close on Friday, helped by data from the United States that offered further evidence that the recession may be losing its grip on the economy and hitting a bottom in 2009. The financial sector, which accounts for about a 1/3rd of the [...]

Canada’s Energy stocks helped the Toronto stock market gain more than 200 points for a 2nd day in a row yesterday thereby, wiping out the major losses incurred on Monday on hopes that small signs of economic improvement will result in the start of a recovery by the end of the year. Toronto’s S&P/TSX [...]

The Canadian stock market incurred a major pull back yesterday as a report from the World Bank said the global economy will shrink much more than expected this year, lowering hopes for a strong economic recovery later in 2009 putting a ‘pin’ into the ‘balloon of investor optimism’.
The main S&P/TSX composite index [...]

The Canadian stock market ended the Friday trading day with a solid gain in a broad-based advance, reflecting confidence that the spring rally still has legs (although, things have changed on the weekend, see below). The S&P/TSX composite index closed up 166.45 points to 10,287.95 as American economic data raised hopes that an economic [...]

Canada’s main stock index ended higher yesterday thereby, snapping a 4 day skid, as bank shares rebounded and a rise in oil prices boosted energy shares. Financial shares, which account for about a 1/3rd of the TSX index, recouped lost ground as fresh data offered hope that the recession hit U.S. economy is stabilizing. [...]

Canada’s main stock index finished lower for a 4th straight day yesterday as investors continued to book gains after the index staged a remarkable rally from the 5-year low it hit in March.
The TSX index fell to its lowest closing level since May 22nd with the sell-off driven by commodity shares, which were [...]

Canada’s main stock index closed lower yesterday despite a solid start to the day as investors continued to ‘book profits’ from the indices remarkable 40% rally from the 5-year low it hit on March 9th. Current valuations are on the high-end of range and currently investors believe that contraction in economic activity will be [...]

Canada’s main stock index closed lower yesterday as falling commodity prices sent the resource-heavy index into a broad based decline that nearly erased all the gains made over the past 2 weeks.
Oil fell nearly 2% a barrel yesterday extending its retreat from a near 8 month high as the U.S. dollar firmed and stock markets [...]

Canada’s main stock index closed lower on Friday as a slide in oil prices pulled down the resource heavy index, but it still notched up its 4th straight week of gains. They fell with oil prices, which turned lower a day after rising to near an 8 month high.
The TSX index’s energy sector fell [...]