Articles by Ross Marowits, The Canadian Press

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 […]

Sep 23 2020 — Ross Marowits, The Canadian Press — TORONTO — Canada's main stock index sank midweek as the materials sector lost ground with the price of gold falling to its lowest level in two months.The key materials sector, which includes mining and forestry stocks, fell as metals prices decreased on the strength of the U.S. dollar.The December gold contract was down US$39.20 at […]

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 […]

Sep 21 2020 — Ross Marowits, The Canadian Press — TORONTO — Canada's main stock index appeared headed to its worst day in more than three months on Monday until it experienced a late partial recovery from fears of another COVID-19 economic shutdown. A surge in COVID-19 cases in Europe precipitated the selloff. The largest daily increase since May in Britain is expected to prompt […]

Sep 18 2020 — Ross Marowits, The Canadian Press — TORONTO — North American stock markets dipped to close a relatively flat week on signs of a slowing U.S. recovery and weakness in the American technology sector. Markets started moved lower after the U.S. government announced it will ban Chinese-owned TikTok and WeChat from U.S. app stores on Sunday. They partially recovered in afternoon trading, […]

Sep 17 2020 — Ross Marowits, The Canadian Press — TORONTO — North American stock markets fell Thursday on technology sector weakness and concerns about the likelihood of more U.S. stimulus and slowly falling jobless claims. The S&;P/TSX composite index closed down 48.94 points to 16,246.72.  In New York, the Dow Jones industrial average was down 130.40 points at 27,901.98. The S&P 500 index was […]

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, […]

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 […]

Sep 16 2020 — Ross Marowits, The Canadian Press — TORONTO — Canada's main stock index dipped midweek despite a surge in crude oil prices back above US$40 per barrel.  The S&P/TSX composite index closed down 135.61 points at 16,295.66.   The energy sector was the star on the day, gaining 3.2 per cent with producers Vermilion Energy Inc. up 11.1 per cent and Crescent […]

Sep 15 2020 — Ross Marowits, The Canadian Press — 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 […]

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, […]

Sep 9 2020 — Ross Marowits, The Canadian Press — The Canadian Press — TORONTO — North American stock markets enjoyed a broadly based bounce-back midweek after a three-day correction driven by the technology sector. All 11 sectors of the TSX were higher led by materials, consumer staples and technology. "We had aggressive selling at the end of last week and yesterday, and today feels a bit more like […]

Sep 8 2020 — Ross Marowits, The Canadian Press — TORONTO — Canada's main stock index fared better than its U.S. counterparts Tuesday even as the technology pullback carried over into a second week of trading. The S&P/TSX composite index closed down 118.49 points or 0.73 per cent to 16,099.52. Markets were closed Monday for Labour Day. In New York, the Dow Jones industrial average […]

Sep 4 2020 — Ross Marowits, The Canadian Press — TORONTO — Canada's main stock index rallied to end the trading week but still posted its largest two-day decline in nearly three months led by a continuing selloff of the technology sector. The correction took place as investors crystalized some profits from the overvalued Canadian sector that is up 81.25 per cent on a 200-day […]

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 […]