Canadian stocks fell yesterday hurt by weakening oil prices and gold shares failed to gain support even though gold prices turned higher. Oil prices fell for a 4th straight day as weak U.S. economic signals and high inventories spurred fears of a sluggish rebound in demand in the world’s largest energy consumer. Also [...]

Stocks rebounded yesterday on solid earnings expectations and a view that this week’s surprise monetary tightening in China bodes well for recovery versus the initial reaction of boding poorly for stocks and commodities. Gold edged higher as a decline in oil prices offset the positive effect of a weaker U.S. dollar. Commodity-linked currencies [...]

Canadian stocks dropped yesterday with the S&P/TSX Composite index at one point sliding almost 200 points by mid-afternoon yesterday. Commodity stocks endured the brunt of the selloff as aluminum giant Alcoa delivered disappointing earnings and China moved to cool off their super hot economy. The S&P/TSX Composite Index ended the day down 126.95 points, [...]

The S&P/TSX Composite Index finished little changed yesterday after climbing above 12,000 for the 1st time since September 2008, with weakness in heavyweight financial & energy sectors offset by strength in the index’s materials sector (gold).
The Toronto Stock Exchange’s S&P/TSX composite index closed down 0.06% at 11,947.13. The index rose as high as 12,070.74 [...]

The Canadian stock market closed higher on Friday as investors looked past disappointing employment reports in North America and focused instead on rebounding resource prices. Gold was higher as the U.S. dollar declined, while oil rose as concerns about gasoline supplies following a Canadian refinery outage outweighed bearish data showing an unexpected rise in [...]

The Canadian stock market snapped a 5-day winning streak yesterday in a broad-based decline as investors held off on making big commitments ahead of the release today of the U.S. non-farm payrolls report for December. In short, today is jobs day and everybody is looking to see if this report is the turning [...]

The Canadian stock market ended higher for a 5th straight day yesterday backed by a 3-week high in the price of gold that lifted gold shares. Gold prices topped $1,140 an ounce. Energy shares were also among the big movers, helping take the stock market index to a 15-month high as oil prices [...]

Canada’s main stock index was slightly higher yesterday as share price weakness in the heavyweight financial sector was offset by strength in the materials sector, which benefited from a brokerage upgrade for Potash Corp. The resource-heavy stock market pushed higher as commodity prices were higher.
Profit-taking on financials shares (which have had nice [...]

The Canadian stock market started 2010 with a bang yesterday with a big advance as encouraging manufacturing data from the U.S. and China sent commodity prices higher. The S&P/TSX composite index closed up 1.05% as the Institute for Supply Management’s (ISM) U.S. manufacturing index rose to a better-than-expected 55.9 last month from 53.6 [...]

Happy New Year! Welcome to a new decade.
The Standard & Poor’s/TSX Composite Index added almost 31% in 2009 and posted its biggest annual advance since 1979. The index beat the S&P 500 for the 6th straight year, boosted by commodity-linked companies that make up 46% of Canadian stocks by market value. Metals & [...]