Canada’s main stock index rallied from an early morning sell-off but still closed the day lower by 45 points or -.34%. Worries about economic growth weighed on most major sectors, offsetting a strong gain in shares of mining companies. U.S. stocks closed lower today in a volatile session as investors awaited a post-close speech from […]
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Category: Canada Colour Guard Report
Despite low MTI, expect more volatility and continued downside risk in news driven market
| Stan Heller
Despite the Bank of Canada holding interest rates this morning, Canada’s main stock index slumped after a strong opening to end the day down 98 points. Energy was down 2.1%, materials 1.6%, and financials 0.63%. Bombardier was a bright spot, up 22% after Reuters reported it had rejected a Chinese takeover of its rail business. […]
» Read MoreWe have a GLB Signal. Is it time to Buy – this time? Watch our CA Colour Guard Market Report.
| Stan Heller
Canada’s main stock index seesawed today in extremely choppy trading. Weakness in utilities and commodities capped gains in other sectors. Gains in Valeant Pharmaceuticals and financials helped outweighed losses in energy stocks. CLICK HERE to watch the complete CA Colour Guard Market Video. In the video we look at a few top performing searches and […]
» Read MoreFalling oil sinks TSX while gold/silver stocks continue to climb.
| Stan Heller
After Fed minutes showed that a Sept. rate hike is still on the table, markets on both sides of the border rallied off session lows but couldn’t hold on, finishing sharply in the red. In Canada, the TSX fell 157 points or 1.11% and is now down more than 4.0% YTD. Petroleum, Banks and Transports […]
» Read MoreA green light for most of today, now yellow and caution is still advised.
| Stan Heller
Canada’s TSX rose today for the 6th straight day, holding on to a slim 11 point gain at the close after soaring out to a 128 point gain in the first hour of trading. Investors seem to be moving back into non-commodity dividend payers including banks and consumer names while pulling back from resource companies. U.S. […]
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