Canada’s main stock index sagged on Friday but managed to end slightly higher as resource shares rose on commodity price strength, overcoming weakness in the financial sector which led gains for the week. The big energy and materials sectors, which combined accounted for 45% of the index’s total weighting, gained momentum by mid-afternoon to pull [...]

Canada’s main stock index ended modestly higher yesterday as the big banks continue to roll along with better-than-expected quarterly results from top Canadian banks providing support for the financial sector offsetting weaker commodity prices. Several of Canada’s biggest banks reported stronger-than-expected profits as an increase in trading revenues outweighed credit losses. The financials [...]

Canada’s main stock index finished slightly yesterday as Canadian Imperial Bank of Commerce (CIBC) reported quarterly results that missed investor expectations and in turn, investors took a rest from the incredible rally we have experienced in previous 5 months. CIBC banks shares fell by over 5% on the news but overall, the financials sector was [...]

Stock markets in Canada advanced yesterday as higher than expected earnings from Bank of Montreal (BMO) fuelled a sharp rally in the financial sector.
The S&P TSX Composite index jumped 130.56 points, or 1.2%, to end the day at 10,920.53. The financial sector was ahead 3.2% with all of the major Canadian banks [...]

Canada’s stock market closed lower Monday as financial stocks turned negative a day before the big Canadian banks start reporting quarterly earnings (BMO is due to report this morning and they are starting things off with a positive surprise) while energy stocks were flat even as oil prices continued to climb upward (flat this morning). [...]

Canada’s main stock index shot higher on Friday, led by commodity related companies, after upbeat U.S. home sales data and comments by Federal Reserve Chairman Ben Bernanke renewed investor optimism about a sustainable economic and capital market recovery. Better than expected July U.S. home sales of previously owned homes signaled the housing market may [...]

Canadian stock markets fell sharply yesterday as news that Canada’s largest insurance company will cut its dividend in half rattled the market. The S&P/TSX composite index lost 253.56 points or 2.3%, reversing 4 consecutive days of gains that had seen Toronto’s main index advanced more than 5%. Stocks have advance significantly in the [...]

The Canadian stock market advanced into positive territory by the end of the day and ended above 11,000 points for a 2nd day. Oil prices turned positive and the base metals sector boosted the index for the 2nd day in a row. The S&P/TSX composite index gained 26.23 points a day after a 230 [...]