National Newswatch

S&P/TSX composite bounces back from morning low after supersized rate hike

Jul 13 2022 — Ross Marowits, The Canadian Press — TORONTO — North American stock markets partially bounced back from disappointing news Wednesday of a supersized interest rate by the Bank of Canada and hotter than expected U.S. inflation numbers. Markets plunged out of the gate in the morning after the June U.S. consumer price index numbers exceeded expectations, with inflation in that country reaching […]

S&P/TSX composite closes at 15-month low as crude oil drops on recession fears

Jul 12 2022 — Ross Marowits, The Canadian Press — TORONTO — Canada's main stock index fell to its lowest close in more than 15 months as crude oil prices slumped on renewed COVID-19 lockdowns in China and growing concerns that central bank responses to hot inflation numbers will prompt a recession and weaken demand.  "So you've got rising interest rates, COVID-19 making a resurgence […]

S&P/TSX composite slips but ends week higher even as jobs report supports rate hikes

Jul 8 2022 — Ross Marowits, The Canadian Press — TORONTO — Canada's main stock index ended up for the week despite slipping Friday after a June jobs report reinforced expectations that the central bank will pursue another aggressive interest rate hike next week. "Today is all about jobs and what that entails," said Allan Small, senior investment adviser at IA Private Wealth. In Canada, […]

S&P/TSX catches up with U.S. markets to start second half of year on broad rally

Jul 4 2022 — Ross Marowits, The Canadian Press — TORONTO — Canada's main stock index began the second half of the year with a broad rally that mirrored Friday's Canada Day performance of U.S. markets. The S&P/TSX composite index closed up 167.50 points to 19,028.86 after reaching an intraday high of 19,129.70. U.S. stock markets were closed for the Independence Day holiday but gained […]