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Canadian Commentary

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Canadian stocks were flat for second day Friday amid growing speculation the Federal Reserve will raise interest rates in the next few months. The S&P/TSX Composite Index was up 9.16 points, or 0.06 percent, to 14,639. Financials were flat despite this week's strong bank earnings. Energy shares...

The Canadian stock market is breaking out in reaction to comments from Federal Reserve Chair Janet Yellen, along with the rest of the global markets this morning. Precious metal prices are surging as an increase in U.S. interest rates appears more likely after Yellen's comments. Gold stocks are the top...

Canadian stocks continued to struggle Thursday despite rebounding oil prices and strong earnings big banks. Talk of a U.S. interest rate hike kept markets in a cautious mood after KC Fed President Esther George said it was time to tighten. The S&P/TSX Composite Index was up 4 points, or 0.03 percent,...

The Canadian stock market began Thursday's session in the red, but has since pared its early losses and turned positive. Gold stocks are recovering some ground following yesterday's sell-off, despite the continued dip in gold prices this morning. Healthcare stocks are also gaining ground in early trade. Markets...

Canadian stocks may struggle to rebound Thursday despite another round of strong earnings reports from the nation's largest banks. CIBC (CM.TO) profit surged 47% in the third quarter, boosted by retail banking, while TD Bank (TD.TO) earnings soared on U.S. retail growth. Still, sluggish commodity...

Canadian stocks plunged Wednesday, racing lower in the afternoon as crude oil prices collapsed. Financials provided a measure of support after RBC turned in strong earnings. The S&P/TSX Composite Index was down 138.53 points, or 0.94 percent, to 14,626.24. The Gold Index plummetted 7 percent...

The Canadian stock market is losing ground in early trade Wednesday. Falling commodity prices are weighing on the market, as well as investor caution ahead of Fed Chair Janet Yellen's speech at the end of the week. The decline in gold prices has accelerated this morning and crude oil prices are under...

Early signals are mixed for Canadian stocks Wednesday morning, as oil prices slumped on signs of rising U.S. inventories. However, upbeat earnings from another of Canada's biggest banks may keep investors in a decent mood. Royal Bank of Canada (RY.TO) revealed earnings for its third quarter that...

Canadian stocks eked out modest gains Tuesday, following oil prices higher. The S&P/TSX Composite Index was up 16 points to 14,764.77. Strength emerged in the financial sector after better-than-expected earnings from Bank of Montreal. BMO reported a quarterly profit of C$1.29 billion, or C$1.94...

The Canadian stock market is up in early trade Tuesday morning, extending its gains from the previous session. The financial sector is leading the way higher this morning after Bank of Montreal reported strong quarterly results. Meanwhile, energy stocks are struggling as crude oil prices extend the weakness...

Canadian stocks may rise for a second session Tuesday, after a major bank kicked off earnings season with strong results. Bank of Montreal (BMO.TO) surpassed expectations by reporting a quarterly profit of C$1.29 billion, or C$1.94 per share. This was higher than C$1.23 billion, or C$1.86 per...

Canadian stocks rose Monday, led by Valeant and consumer staples stocks. The S&P/TSX Composite Index continued to show a lack of direction since hitting yearly highs early this month. The TSX was up 60.73 points, or 0.41 percent, to 14,748.19. Valeant (VRX.TO) shares soared 9.7 percent after...

Canadian stocks may struggle to revive Monday morning amid lower commodity prices. Oil for Sept was down $1.16 at $47.36 a barrel, unable to sustain last week's gains. Bay Street was quiet last week despite oil's rally, as traders have grown a bit cautious about the global economy and prospect...

The Canadian stock market is down in early trade Friday, following the release of a pair of weaker than expected economic reports. Canadian retail sales and inflation data both fell short of expectations. Investors are also in a cautious mood after some hawkish comments from Fed officials has raised...

Canadian stocks were flat Thursday despite strong energy stocks. Valeant continued to make headlines after earning ratings upgrades earlier in the week. Valeant (VRX.TO) said it has obtained the requisite lender approval for an amendment to its credit facility. The company expects to close...

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