Category: Market Report
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![Markets slip as CPI remains above expectations 01-16-24]()
Markets slip as CPI remains above expectations 01-16-24
The TSX dipped 1% this morning to 20907.44. TSX Venture fell similarly to 558.82 while the CSE Composite dropped 2.3% to 186.26. CPI numbers remained sticky, dampening hopes of a March rate cut. Valeo Pharma Market segments remained relatively flat with Telecom, Information Technology, Healthcare and Battery Metals marginally in the green. Valeo Pharma (VPH.T)…
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![Stocks down as US inflation comes in hotter than expected 01-11-24]()
Stocks down as US inflation comes in hotter than expected 01-11-24
The TSX edged down this morning to 20889.49. TSX Venture also fell slightly to 549.56 while the CSE Composite bumped slightly to 170.12. Inflation was more than expected in December, giving investors pause as this will impact the likelihood of a soft economic landing in 2024. Battery Metals, Information Technology and Energy were the only…
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![Markets slip as oil prices gain 01-09-24]()
Markets slip as oil prices gain 01-09-24
The TSX edged down this morning to 20992.21. TSX Venture also fell slightly to 554.52 and the CSE Composite joined this negative run to 171.62. Despite this market pessimism, oil prices rebounded slightly with WTI Crude rising 2.57% to $72.59 USD per barrel. Information Technology made the most progress this morning on the TSX. Invesque…
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![Markets mostly positive as 2024 kicks into gear 01-08-24]()
Markets mostly positive as 2024 kicks into gear 01-08-24
The TSX continued its ascent in morning trading, climbing 57.03 to 20994.58. TSX Venture followed suit but in a more slight fashion, edging up 0.16 to 551.5 while the CSE Composite slipped 0.75 to 175.55. In the world of beef, April live cattle futures contracts are down considerably since September 2023 as fed cattle available…
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![Markets mixed as Canadian employment rate remains steady 01-05-23]()
Markets mixed as Canadian employment rate remains steady 01-05-23
The TSX edged up 13.61 to 20884.96. TSX Venture slipped slightly 2.94 to 548.62 while the CSE Composite similarly dipped to 169.24. Canada’s unemployment rate remained relatively unchanged at 5.8% at the end of December. Even though job growth was non-existent, wages did increase for those working above the 49th parallel. Base Metals and Industrials…
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![Markets in the red as rate cut optimism fades 01-03-24]()
Markets in the red as rate cut optimism fades 01-03-24
The TSX dipped 32.42 to 20839.72. TSX Venture slid 2.81 to 550.94 while the CSE Composite sat at 164.75. It seems all the feel good investors were following because of rate cut predictions has slipped to a pessimism as to how much will actually be cut and when. Energy and Healthcare had a good morning…
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![Markets slip on final 2023 trading day 12-29-23]()
Markets slip on final 2023 trading day 12-29-23
The TSX edged down 15.31 to 20914.o7. TSX Venture similarly slipped 2.57 to 553.8 while the CSE Composite dipped 1.72 to 162.75. Even with the temporary softening, the TSX is finishing off the year 5.58% above how it started 2023. This may be a momentary pullback before a spring bull run. Energy, Industrials, Telecom and…
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![TSX softens in morning trading 12-28-23]()
TSX softens in morning trading 12-28-23
The TSX took a breather in morning trading to sit at 20952.05. The TSX Venture followed suit to settle at 559.41 while the CSE composite continued its upward swing to 164.01. Traders are still digesting BoC’s potential interest rate schedule for 2024 with some analysts predicting lower returns on stocks for the next decade. Information…
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![Commodities drive post-Christmas markets 12-27-23]()
Commodities drive post-Christmas markets 12-27-23
Rising commodity prices over the Christmas continued to fuel the markets with the TSX climbing to 21048.12, the TSX Venture grew 1% to 563.25 while the CSE Composite Index continued its Christmas arc to 161.67. Bank of Canada may be slow to ease interest rates and Canadians may not see action from the BoC until…
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![Markets continue to swell as PCE price index falls 12-22-23]()
Markets continue to swell as PCE price index falls 12-22-23
Most North American markets remained in the green in morning trading with the TSX edging up 1% to 20898.6, the TSX Venture had a similar trajectory to sit at 556.05 but the CSE Composite bucked this positive trend, dropping approximately two points after an initial surge in morning trading to 157.51. The Fed released its…
