Jul 22 2022 — Ross Marowits, The Canadian Press — The Canadian Press — TORONTO — Canada's main stock index snapped a five-day winning streak on a broad-based decline including its largest sectors, but still posted its best week in more than a year. The S&P/TSX composite index closed down 79.93 points to 18,982.92 points, but still ended the week up 3.2 per cent for its strongest performance since […]
Jul 21 2022 — Ross Marowits, The Canadian Press — The Canadian Press — TORONTO — North American stock markets continued their July recoveries despite early pressure Thursday from lower crude oil prices and Europe's central bank raising interest rates for the first time in 11 years. The S&P/TSX composite index closed up 42.18 points to 19,062.85 after hitting an intraday low of 18,870.76. It is up 1.1 per […]
Jul 20 2022 — Ross Marowits, The Canadian Press — The Canadian Press — TORONTO — A surge in Shopify shares powered the technology sector higher as the bounce in Canada's largest market index continued for a fourth day. The S&P/TSX composite index closed up 82.96 points to 19,020.67. In New York, the Dow Jones industrial average was up 47.79 points at 31,874.84. The S&P 500 index was up […]
Jul 19 2022 — Ross Marowits, The Canadian Press — The Canadian Press — TORONTO — Strong earnings results in the U.S. pushed North American stock markets higher as investors welcomed signs that economic growth may not be as bad as originally thought. The S&P/TSX composite index increased for a third-straight session to close up 342.09 points or 1.8 per cent to 18,937.71. In New York, the Dow Jones […]
Jul 18 2022 — Ross Marowits, The Canadian Press — The Canadian Press — TORONTO — A broad rally led by the energy sector sent Canada's main stock index higher while U.S. markets ran out of gas after getting a morning boost. Craig Fehr, investment strategist at Edward Jones, said the TSX outperformed on the back of what has largely powered the index for much of the year: energy […]
Jul 18 2022 — Ross Marowits, The Canadian Press — The Canadian Press — TORONTO — A broad rally led by the energy sector sent Canada's main stock index higher while U.S. markets ran out of gas after getting a morning boost. Craig Fehr, investment strategist at Edward Jones, said the TSX outperformed on the back of what has largely powered the index for much of the year: energy […]
Jul 15 2022 — Ross Marowits, The Canadian Press — The Canadian Press — TORONTO — Canada's main stock index broke a five-day losing streak but still ended the week off 3.3 per cent as crude oil and gold prices struggled over the past five trading sessions. The S&P/TSX composite index closed up 65.39 points to 18,394.45, but was down for the week as crude oil prices decreased nearly […]
Jul 14 2022 — Ross Marowits, The Canadian Press — The Canadian Press — TORONTO — The Bank of Canada's largest interest rate hike in 24 years caused the loonie to drop to a 20-month low as investors feared the U.S. Federal Reserve would mirror the full percentage point hike in two weeks. The Canadian dollar dropped to a low of 75.62 cents US in early trading, its lowest […]
Jul 13 2022 — Ross Marowits, The Canadian Press — 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 […]
Jul 12 2022 — Ross Marowits, The Canadian Press — 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 […]
Jul 11 2022 — Ross Marowits, The Canadian Press — The Canadian Press — TORONTO — North American stock markets moved lower to start a busy week with the Bank of Canada expected to hike interest rates, new U.S. inflation numbers forecast to be higher and the U.S. quarterly earnings season set to get underway. "There is some general caution ahead of a couple of important market catalysts," said […]
Jul 8 2022 — Ross Marowits, The Canadian Press — 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, […]
Jul 7 2022 — Ross Marowits, The Canadian Press — The Canadian Press — TORONTO — North American stock markets surged Thursday in a broad rally led by the energy sector as crude oil prices rebounded from two days of weakness. Markets got off to a strong start on a report about China preparing to inject US$220 billion of stimulus with infrastructure spending. "That certainly helped with a risk-on […]
Jul 6 2022 — Ross Marowits, The Canadian Press — The Canadian Press — TORONTO — Canada's main stock index bounced back near the end of day to avoid its weakest close in 15 months, but still ended down on commodity weakness with crude oil and metals sinking on recession fears. "It is the fifth day in a row that the TSX underperforms the S&P, which has not happened […]
Jul 4 2022 — Ross Marowits, The Canadian Press — 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 […]