Canadian stocks extended their gains yesterday with S&P/TSX Composite Index finishing higher for a 4th straight day, closing at a 2 week high, as firmer commodity prices boosted the heavyweight resource sectors.
Takeover talk in the potash patch and rising gold prices encouraged strength in the materials sector, which rose 1.4%, spurring gains by fertilizer stocks. [...]

The Canadian stock market rallied more than 2% yesterday in order to close at its highest level in more than a week. Commodity prices were higher and investors found renewed optimism about 2nd quarter corporate earnings.
The resource heavy index opened higher and never looked back. It was supported by a rise in oil [...]

The Canadian stock market finished higher for a 2nd straight day yesterday in a broad rally led by financials, which were encouraged by strong results at Goldman Sachs in the United States. The S&P/TSX composite index closed up 0.95% as 9 of the index’s 10 main sectors were higher. The financials sector, which accounts [...]

The Canadian stock market bounced back from a big decline at the start of the day to finish 1.49% higher yesterday. The financial sector led the charge after a prominent U.S. banking analyst upgraded Goldman Sachs. The financials sector, which accounts for about a 1/3rd of the S&P/TSX Composite Index market weight, climbed [...]

Canada’s stock market posted a small loss on Friday and a substantial loss for the week as investors found themselves unable to shake pessimism about whether the economy will rebound as quickly as they had hoped. The S&P/TSX composite index was down 0.25%. The index ended the week down 5.2% in response to [...]

Canada’s main stock index snapped a 3 session skid finishing up more than 1% as a rise in commodity prices gave a boost to the resource-heavy Canadian stock market. Forecast beating results from U.S. bellwether Alcoa helped lift market sentiment early in the day, with the upbeat mood spreading to key commodity prices such [...]

The losses continued for the Canadian stock market yesterday as investors convinced the spring rally has run its course sold off across almost all sectors, with the main index losing almost 200 points but at one point in the day the S&P/TSX composite index was down over 300 points or about 3% hitting the lowest [...]

Canada’s main stock index closed sharply lower for a 2nd straight day this week yesterday as worries about the global economy kept the stock market averse to risk and pulled down heavyweight energy and bank sectors. The price of oil settled below $63 a barrel as investors sought safer investments and the TSX energy [...]

Canadian stock markets faced a sell-off in commodity stocks which sent the Toronto stock market tumbling yesterday as pessimism deepened about a convincing economic recovery being in place by the end of the year. The S&P/TSX composite closed down 255.67 points or 2.5% at 10,027.43 (just above the 10,000 milestone) after tumbling as [...]

Canada’s main stock index closed higher on Friday as the Teck Resources equity sale to China Investment Corp (CIC) helped lift the resource-heavy stock market, but trading volumes were thin due to the Independence Day holiday in the United States. Teck said it will sell a 17.2% stake in the company to state owned [...]