Canadian stock markets advanced yesterday as investors continue to hope for a viable economic recovery and a rally in prices for commodities.  Stock market support also came from data showing Euro zone economic sentiment increased in July to its highest level in 8 months.

The S&P/TSX Composite index advanced higher from the open and [...]

Canada’s main stock index fell for a 2nd day in a row yesterday as oil and gold prices dropped and new U.S. data highlighting a steep drop in U.S. durable goods orders last month added to investor fears of a weak economic recovery (more like a U then a V).  The [...]

Canada’s main stock market fell hard yesterday as sharply lower commodity prices and weak U.S. consumer confidence numbers prompted profit taking after a big advance in the stock market.  Weakening job market hit consumer confidence in July and could prevent a near term economic recovery.  Some disappointing quarterly corporate results in the United States also [...]

Canada’s main stock index advanced for a 3rd straight day yesterday, helped by hopes of economic recovery that lifted the financial sector. Similar to Friday’s session, financials were almost single handedly responsible for the stock market advance with a healthy 2.23% gain as 6 of the 10 main sectors fell for the day. [...]

Canada’s main stock index finished slightly higher on Friday as optimism over the economic recovery boosted the financial sector but did not extend to most of the other sectors. A 1.81% gain in the index’s heavily weighted financials sector was a big turnaround from the opening bell and was almost single handedly responsible for [...]

The Bank of Canada is declaring the recession essentially over, saying Canada’s economy will begin growing this summer after 9 months of stagnation and will lead most of the industrialized world in an economic recovery next year. The assessment contained numerous cautions and caveats but it still had a positive ripple through the markets, [...]

Canada’s main stock index finished lower yesterday for a 2nd straight day, in a broad retreat led by energy and materials sectors. The financial sector also turned lower heading into the end of the day, erasing the support they had given the stock market for most of the day. The energy sector jumped [...]

Canada’s main stock index finished lower yesterday as investors booked some profits after 6 straight days of gains and a weaker gold price weighed on the materials sector. The mining heavy materials sector dropped 1.18% as gold prices slipped on anti-inflation comments by the U.S. Federal Reserve (see below).
The S&P/TSX composite index closed [...]

Canada’s stock market finished sharply higher yesterday, extending its winning streak to 6 days on the likelihood that CIT Group, a major U.S. financial institution, will avoid bankruptcy. Improving sentiment sent commodity prices higher. The S&P/TSX composite index jumped 1.6%, following a jump of more than 6% last week as a series of [...]

Canada’s main stock index finished higher for a 5th straight day on Friday as firmer oil & metal prices boosted the share of resource stocks. The index added 6.3% for the week, its biggest weekly gain since mid-May. The price of U.S. crude oil rose 2.5% to settle at $63.56 a barrel on [...]