Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context Canadian equities are in a consolidation phase. The S&P/TSX Composite reached an all-time high of 37,069 in August and sits about 2.6% below that level, while remaining roughly 20% above where it…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context Income investors are watching the bond market more closely than usual. Dividend stocks compete directly with fixed income for the same capital, so when yields rise, the relative appeal of banks, utilities…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context Energy has been the powerhouse of the TSX this year. As of early October, the S&P/TSX energy gauge was up more than 27% year to date, the strongest sector in Canada, helped…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context Penny stocks on the TSX Venture Exchange trade by different rules than the blue chips that anchor the S&P/TSX Composite. Liquidity is thin, spreads are wide, and a single drill result or…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context Canada’s energy sector occupies a cornerstone position on the Toronto Stock Exchange, serving as a primary driver of corporate earnings, foreign exchange flows, and dividend distributions. Over recent trading cycles, domestic integrated…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context The junior equity space on the TSX Venture Exchange continues to navigate a demanding capital allocation environment. For speculative Canadian equities, the past several quarters have underscored the importance of balance sheet…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context Canada’s economy is being pulled in two directions. Inflation is stubborn, helped along by high energy prices, while the labour market has weakened. That mix makes the Bank of Canada’s job unusually…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context A large share of TSX growth enthusiasm this year has been built on AI infrastructure. Investors have rewarded companies linked to servers, networking, power equipment and data centre development, and some valuations…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context Canadian stocks started the week with some momentum. After Monday’s Thanksgiving closure, the TSX returned on Tuesday with a rally that extended its recent recovery. The index rose 319 points, or 0.9%,…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context Canadian income portfolios have traditionally leaned on three pillars: banks, utilities and energy infrastructure. Each reacts to interest rates in its own way, which is why a day like Wednesday is worth…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context Few parts of the TSX have been as firmly supported this year as energy. Supply fears tied to the Middle East have kept crude elevated, and Canadian producers, pipelines and service companies…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context Penny stocks live at the sharp end of the risk spectrum. On the TSX and TSX Venture Exchange, low share prices, thin trading volumes and a constant need for fresh capital make…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context Canadian financial markets are operating within an intricate global macro landscape defined by shifting central bank expectations, volatile sovereign debt auctions, and fluctuating commodity export revenues. Bay Street traders have faced persistent…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context The Canadian benchmark S&P/TSX Composite Index has carved out notable relative strength against major international equity bourses, driven by its unique structural weighting in commodities, materials, and diversified financials. While mega-cap technology…
Table of Contents Market Context What Happened Why It Matters Sector Breakdown Risks to Watch What to Watch Next Final Outlook Market Context Canada’s legal cannabis sector has experienced prolonged restructuring following years of operational rightsizing, facility write-downs, and inventory rationalization. The domestic market has transitioned from speculative top-line growth to strict unit economics and…
