The Canadian stock market snapped a 4-day losing streak to surge more than 250 points as the U.S. economy finally started growing again during the 3rd quarter. The S&P/TSX composite index jumped 269.89 points to 11,075.22 after the U.S. Commerce Department reported that U.S. Gross Domestic Product (GDP) rose at a 3.5% annualized [...]

The Canadian stock market dropped to its lowest close in nearly 2 months yesterday as a drop in oil prices pushed the share price of energy companies down and as surprisingly bleak U.S. home sales data raised doubts about economic recovery in that country. The latest slide in the heavily weighted energy sector came [...]

Canada’s main stock index fell sharply yesterday, weighed down by shares of banks & insurance companies, which dropped for a 3rd straight day, with all 5 big banks among the top decliners. Gold miners also joined the sell-off, partly because of a higher U.S. dollar, which tends to draw attention away from alternative investments [...]

Canadian stocks fell in the final hour of trading yesterday after an influential analyst downgraded Wells Fargo & Co. Wells Fargo, the largest U.S. home lender this year, had their shares cut to “sell” as the report said earnings were boosted by hedging gains rather than improving business trends.
Canadian bank and insurance shares fell [...]

The Canadian stock market drifted to a flat close yesterday as mixed economic news from the U.S. overshadowed the latest positive earnings reports. The S&P/TSX composite index slipped about ¼ of 1 point as investors were unsurprised by the Bank Canada’s decision to hold the line on interest rates at 0.25%.
However, the [...]

The Canadian stock market posted a modest gain yesterday as further weakness in the U.S. dollar boosted commodity prices. The S&P/TSX composite index rose by 0.26% led by the financial and materials sectors. There wasn’t a lot of news in Canada yesterday but Potash Corp. was a lift with the index rising 5.66% after [...]

The Canadian stock market closed flat on Friday as the banking sector fell after Bank of America (BoA) reported a quarterly loss, but gold-mining shares provided some offsetting advances. The weakness in some of the bank shares was a direct result of investors being disappointed over a bigger than expected loss at Bank of [...]

Canadian stock markets fell yesterday on lower gold prices and some disappointing U.S. earnings news, but advances in the oil & gas limited the overall declines. Gold-mining companies declined in line with the price of the bullion. After a sharp rally in the price of gold bullion that took it to record highs [...]

The Dow Jones industrial average broke through the psychologically important 10,000 mark! The Dow is now up 53% from its March 9th low, but remains 29% cent below its peak of 14,164.53 hit in October 2007. The Dow will still need to appreciate in value by 41.16% before posting an all time [...]

The Canadian stock market fell slightly yesterday as strength in commodity prices was not enough to offset a drop in banking shares which mirrored weakness in U.S. financial sector. Without much news to influence the direction of the Canadian stock market it still had a relatively volatile day. Financial shares make up about [...]