After a rebound in Canadian stocks in 2023, the Canadian stock market expanded its gains in 2024, with the S&P/TSX Composite Index YTD rising by 17.4% as of last weekend. Interest rate cuts in Canada since June have led to a rapid rise in local stocks, with technology stocks leading the way. New rounds of geopolitical conflicts have created uncertainty, particularly boosting mining stocks, especially gold stocks, to continue their ra...
RECAP Stocks closed higher Tuesday, ramping up from a morning pullback as the market reacted to the news that$NVIDIA (NVDA.US)$announced a large computer chip for AI processing at its GTC event Monday night. Investors await the FOMC policy statement on Wednesday, where the market has priced in a 99% chance of no rate change. With preliminary numbers, the$S&P 500 Index (.SPX.US)$climbed 0.56% to its 18th record close of the year at ...
The "Big Five" refers to Canada's five largest banks—Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce—which dominate and significantly influence the country's financial sector. The "Big Five" refers to Canada's five largest banks—Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce—which dominate and significantly influence the country's financial sector.
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Stocks closed higher Tuesday, ramping up from a morning pullback as the market reacted to the news that $NVIDIA (NVDA.US)$ announced a large computer chip for AI processing at its GTC event Monday night. Investors await the FOMC policy statement on Wednesday, where the market has priced in a 99% chance of no rate change.
With preliminary numbers, the $S&P 500 Index (.SPX.US)$ climbed 0.56% to its 18th record close of the year at ...
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