Canadian Commentary


Canadian stocks turned in a strong performance during trading on Wednesday, regaining ground following the pullback seen in the previous session.

After coming under pressure late in the previous session, Canadian stocks have shown a strong move back to the upside during trading on Wednesday.

stockmarkets dec17 12aug20 Canadian shares are seen opening a tad higher on Wednesday, tracking gains in U.S. stock futures and rising bond yields. Oil prices rallied toward five-month high after industry data showed that U.S. inventories of crude fell more than analysts expected, raising hopes of a recovery in global oil...

After swinging between gains and losses till an hour past noon, the Canadian stock market kept sliding as the session progressed on Tuesday to end notably lower, due largely to a sell-off in the materials space after gold and silver futures posted heavy losses.

After a flat start and a subsequent small uptick, the Canadian market slipped into the red Tuesday morning, and despite bouncing back swiftly, faltered again and is struggling for support a little past noon.

Canadian shares look headed for a positive start Tuesday morning, tracking strong gains in Europe, and higher U.S. futures amid hopes for a stimulus, and on optimism about economic recovery. The market is also likely to benefit from higher crude oil prices.

The Canadian stock market suffered a setback after a positive start Monday morning, but recovered swiftly and stayed firm thereafter to eventually close the session modestly higher.

The Canadian stock market opened on a firm note Monday morning, but fell into the red around mid-morning before swiftly bouncing back into positive territory, thanks to strong buying in energy, healthcare and financial sections.C

Canadian shares look headed for a positive start Monday morning, tracking higher crude oil and gold prices, and on data that shows China's deflation eased in the month of July.

The Canadian stock market ended weak on Friday, snapping a three-day winning run, after staying in the red right through the session.

The Canadian stock market is languishing in negative territory with moderate losses a little past noon on Friday, after opening on a weak note despite fairly strong jobs data.

Canadian shares are likely to see a mixed start Friday morning, reacting to jobs data from Canada and the U.S., rising U.S.-China tensions, and tracking quarterly earnings announcements and commodity prices.

The Canadian stock market extended gains to a third consecutive session, as the mood remained somewhat positive on Thursday despite lingering worries about rising coronavirus cases.

The Canadian stock market, which moved modestly higher after a flat start, briefly slipped into the red, but edged up again on selective buying at some frontline counters.

Canadian shares are likely to open lower Thursday morning, tracking lower crude oil prices and reacting to some weak quarterly earnings announcements.

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