Market Updates

TSX ticks higher despite employment data, loonie up by 0.48%

 TSX ticks higher despite employment data, loonie up by 0.48%

On September 9, The TSX index gained significantly helped by broad-based rally despite August Labour Survey data

Read More...
TSX on brink of correction as tech & healthcare fall, loonie down

TSX on brink of correction as tech & healthcare fall, loonie down

The TSX Composite Index fell again Tuesday, May 10, by 109.63 points, 0.55 per cent, to close at 19,890.06. Considering it touched its all-time high of 22,213.07 earlier this year, there may well be a correction on the cards. However, base metals ...

Read More...
US stocks close mixed ahead of inflation data; PLTN, UPST decline

US stocks close mixed ahead of inflation data; PLTN, UPST decline

Wall Street's main indices end mixed on Tuesday, May 10, as Treasury yields and oil prices declined ahead of the Labor Department's latest consumer price index data (CPI). The 10-year Treasury notes hit a three-and-a-half-year high on Monday, forcin...

Read More...
TSX sinks below 20,000 as energy & base metals plummet, loonie down

TSX sinks below 20,000 as energy & base metals plummet, loonie down

The TSX Composite Index plummeted Monday, May 9, by 633.59 points, 3.07 per cent, to under 20,000. So far, in bearish 2022, Canada’s commodity-heavy benchmark index had weathered the storm better than most. But with energy plummeting by over...

Read More...
Wall Street resumes losses as tech stocks hammered; BNTX, SOPA rally

Wall Street resumes losses as tech stocks hammered; BNTX, SOPA rally

Benchmark US indices extended their slide for a third straight session on Monday, May 9, with the S&P 500 slipping to its lowest level since April 2021, dragged down by losses in mega-cap growth stocks. The S&P 500 was down 3.20% to 3,991.24...

Read More...
Wall Street retreats after mixed job data; CI, TU rally

Wall Street retreats after mixed job data; CI, TU rally

Benchmark US indices closed lower for the second consecutive day on Friday, May 6, as growth stocks retreated amid higher Treasury yields, and mixed jobs data fueled more interest rate rise worries. The S&P 500 declined 0.57% to 4,123.34. The Do...

Read More...
TSX clocks 6th straight weekly loss as tech stocks fall, loonie down

TSX clocks 6th straight weekly loss as tech stocks fall, loonie down

The TSX Composite Index on Friday, May 6, fell lower by 0.3 per cent, 62.89 points, to 20,633.28. This ended the week with its sixth straight weekly loss, having fallen 0.62 per cent. The benchmark index has fallen 6.37 per cent in six weeks. Energy...

Read More...
US indices drop on more rate hike fears; SHOP, Wayfair, ETSY fall

US indices drop on more rate hike fears; SHOP, Wayfair, ETSY fall

Wall Street’s main indices fell sharply on Thursday, May 5, the biggest drop since the early days of the pandemic as investors feared a steep rate hike at the Fed’s next meeting in June. The S&P 500 fell 3.56% to 4,146.87. The Dow Jo...

Read More...
TSX plunges 2.3% with all sectors in red, loonie down

TSX plunges 2.3% with all sectors in red, loonie down

The TSX Composite Index on Thursday, May 5, crashed by 488.78 points, 2.31 per cent, to 20,696.17. This undoes the gains of the last two days and takes the benchmark index into red territory for May. Discernably, the index has experienced volatility ...

Read More...
TSX back over 21,000 points after Fed hikes interest rate, loonie gains

TSX back over 21,000 points after Fed hikes interest rate, loonie gains

For the second day in a row, the TSX Composite Index grew by over one per cent after it gained 1.34 per cent, 279.67 points, to 21,184.95. This puts the benchmark index in the green by over two per cent month-to-date. Financials spiked 1.03 per cent...

Read More...
US stocks rise after Fed's half-point rate hike; MRNA, SBUX, LTHM rally

US stocks rise after Fed's half-point rate hike; MRNA, SBUX, LTHM rally

Wall Street indices climbed higher on Wednesday, May 4, following the Federal Reserve's announcement of its widely anticipated half-point interest rate hike, marking the highest rate increase since 2000. The S&P 500 was up 2.99% to 4,300.17. The...

Read More...
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK