National Newswatch

S&P/TSX composite index rises on the back of higher commodities continued volatility

Sep 24 2020 — Ross Marowits, The Canadian Press — TORONTO — Canada's main stock index lost its early mojo but still closed higher Thursday as volatility continued to grip markets. Markets lost some of their early momentum but turned higher by the end of trading.  Commodities drove gains after losing ground Wednesday, while sectors like utilities, telecommunications and consumer staples did better after lagging […]

North American stock markets rebound despite concerns about COVID, U.S. gridlock

Sep 22 2020 — Ross Marowits, The Canadian Press — TORONTO — The technology sector helped North American stock markets to bounce back Tuesday despite ongoing concerns about COVID-19 infections and U.S. political gridlock."I think that there are a lot of opposing forces in play right now and the market could have broken in either direction," said Craig Jerusalim, portfolio manager at CIBC Asset Management.The […]

Electric vehicle sales slump as supply challenges leave dealerships with shortages

Sep 17 2020 — Ross Marowits, The Canadian Press — TORONTO — The COVID-19 pandemic has pummelled Canada's automobile industry but it's the lack of supply that's helping to short-circuit electric vehicle adoption across the country. Electric vehicle sales plunged along with gasoline-fuelled models in the second quarter of the year, when dealerships joined widespread lockdowns to prevent the virus's spread. As the economy reopens, […]

Most actively traded companies on the Toronto Stock Exchange

Sep 16 2020 — Ross Marowits, The Canadian Press — TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:  Toronto Stock Exchange (16,295.66, down 135.61 points.) Baytex Energy Corp. (TSX:BTE). Energy. Down one cents, or 1.67 per cent, to 59 cents on 19.7 million shares. Bombardier Inc. (TSX;BBD.B). Industrials. Up three cents, or 6.1 per cent, to 44 cents […]

North American stock markets climb on continuing positive outlook for economy

Sep 15 2020 — Ross Marowits, The Canadian Press — TORONTO — North American stock markets climbed amid positive signals in Canada and elsewhere about the strength of a post-pandemic rebound. The good mood started with Chinese retail sales numbers moving back into positive terrain compared with a year earlier. Industrial production accelerated in the U.S., business confidence was stronger than expected in Germany and […]

North American stock markets drop after U.S. Senate rejects virus stimulus package

Sep 10 2020 — Ross Marowits, The Canadian Press — TORONTO — North American stock markets moved lower Thursday after the U.S. Senate failed to approve a scaled back fiscal stimulus package.  The technology sector led the declines, reversing a one-day rally on Wednesday, as investors pocketed profits amid nervousness about the economic recovery. Markets were "whipsawed," falling in afternoon trading after posting early gains, […]

North American stock markets rise again to start month amid COVID hopes

Sep 2 2020 — Ross Marowits, The Canadian Press — TORONTO — North American stock markets posted a second day of gains to start September as optimism about COVID-19 trumped disappointing U.S. private payroll numbers. Signs of potential vaccine and treatment approvals and lower infection rates in former hotspots are boosting investor confidence, says Allan Small, senior investment adviser at HollisWealth. In addition, the Federal Reserve is […]