Canadian stocks dip, tracking declines in the U.S. as gains in metals and oil and gas sectors weren't enough to offset declines in tech, finance, and retail sectors. The$S&P/TSX Composite Index (.SPTSX.CA)$closed 0.3% lower at 24,929.89, reversing earlier gains. The blue chip$S&P/TSX 60 Index (.TX60.CA)$also slipped 0.3% to 1,494.34. $Shopify Inc (SHOP.CA)$slumped 6.3% amid a wider tech sell-off that hit the main exch...
As 2024 nears its end, we've witnessed inflation rates falling in major developed countries, with Canada's inflation rate dropping from 2.9% at the beginning of the year to 1.9%. This year, the Bank of Canada took the lead in cutting interest rates, followed by the Federal Reserve. The AI sector in North America continued its rally, driving Canadian tech stocks to soar. ■ How did each sector perform in 2024? Among all sectors in Canada, t...
Good morning mooers! Here are things you need to know about today's market: ●S&P/TSX 60 Index Standard Futures are trading at 1,449.80, down 0.04% from previous close ● China's Gold Reserves Unchanged for Fifth Straight Month in September ● Chevron to Divest Assets Worth $6.5 Billion to Canadian Natural Resources ● Solaris Resources Reports High-Grade Mineralization in Warintza Explora...
...after hitting a seasonal low in August, with most stocks priced near the bottom of a 2 year trading range? And now, with economic stimulus announced this week in China, and after the US Fed added its own stimulus of a 50 basis point interest rate cut, this in addition to entering the winter heating season which could see speculative interest in the sector increase? Just curious on other people's thoughts. As the saying goes, I tend to "ren...
Statistics Canada released the inflation report for May on Wednesday, showing a surprising uptick in the country's yearly inflation rate to 2.9% for the month, exceeding the forecasted figure of 2.7%. This development might shake the market's anticipation of a rate cut coming in July. Nonetheless, the data aligns with the Bank of Canada's target range for inflation control, set at 1%-3%. Before the report's release, market conse...
Stay Connected.Stay Informed. Follow me on MooMoo! In this article, I will introduce$Canadian Natural Resources Ltd (CNQ.CA)$. It is known for its solid performance and rich resource reserves. Let's read on if you are interested. Who is CNQ? Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The co...
From the point of view of globalization and comparative advantages, there exist considerable opportunites in the natural resource sector of Canada. Among others, oil and gas is an important natural resource sector. As Canada is named as a major oil and gas producing company by our PM (video), the bullish side of the oil and gas sector is further enhanced by the recent completion of trans-moutain pipeline expansion project and the major progress of the LNG Can...
Earnings Calendar The forthcoming week in US is set to witness an upsurge in the corporate earnings season, with mega-caps$Amazon (AMZN.US)$and$Apple (AAPL.US)$slated to release their earnings on Tuesday and Thursday, respectively. Additionally, a plethora of consumer-facing companies such as$Coca-Cola (KO.US)$are also expected to report their earnings. Moreover, investors are also keeping a close e...
Dividend Kings In Canada are companies that have increased their Dividend per share for the most consecutive years, reflecting a strong business model and robust financials, and are likely to outperform the market with less volatility. Dividend Kings In Canada are companies that have increased their Dividend per share for the most consecutive years, reflecting a strong business model and robust financials, and are likely to outperform the market with less volatility.
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