Canadian Commentary


The Canadian market ended modestly higher on Friday after another lackluster session as investors once again refrained from making significant moves amid a lack of triggers.

After a flat start and a subsequent uptick, the Canadian market remains positive a little before noon on Friday with shares from utilities, healthcare, industrials and real estate sectors holding firm on sustained buying interest.

The Canadian market is likely to open with a positive bias on Friday, tracking higher crude oil prices.

The Canadian market ended modestly higher on Thursday after a highly lackluster session as investors largely refrained from making significant moves amid a lack of fresh triggers.

The Canadian market is modestly higher around noon on Thursday, lifted by gains in technology and select industrials and materials stocks.

Canadian shares are likely to open higher on Thursday as firm metal prices and rising optimism about the Federal Reserve slowing its pace of interest rate hikes are expected to lift sentiment.

The Canadian market ended modestly higher on Wednesday after moving in a tight range amid thin volumes.

The Canadian market is turning in a mixed performance at noon on Wednesday, after having moved higher earlier thanks to strong gains in the technology sector.

Canadian shares look headed for a mixed start on Wednesday, tracking commodity prices and sluggish European markets.

The Canadian market ended sharply higher on Tuesday, aided by strong gains in energy and materials sectors.

Despite concerns about geopolitical tensions and economic slowdown, the Canadian market remains firmly up in positive territory a little past noon on Tuesday, led by strong gains in energy and materials sections.

Higher crude oil and bullion prices point to a higher open on Bay Street Tuesday morning. Worries about stringent restrictions on movements in certain cities in China due to a surge in new Covid cases might weigh on sentiment and limit market's upside.

After a weak start and a subsequent spell in the red that lasted well over an hour past noon, the Canadian market slowly emerged into positive territory around mid afternoon, but failed to hold gains and finally ended with a marginal loss on Monday.

The Canadian market is down in negative territory at noon on Monday, extending losses after a weak start amid rising concerns about a surge in Covid-19 cases in China, and worries about geopolitical tensions.

Lower U.S. and Canadian futures and weak commodity prices indicate a negative start for the Canadian market Monday morning.

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