The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

Market Updates

Up-to-the-minute insights
on developing market news

Entry archive:

The close: Earlier gains zapped as Russia faces more sanctions

Malcolm Morrison

The Toronto stock market closed little changed Tuesday after the U.S. and European Union adopted tough new sanctions on Russia over that country’s continued support of Ukrainian rebels, who have been blamed for the downing of an airliner by a missile earlier this month.

The TSX had spent most of the session well into positive territory thanks in part to positive earnings news and data that showed a marked improvement in U.S. consumer confidence but the S&P/TSX composite index closed up 1.33 points to 15,446.55.

More »

At midday: TSX rises amid positive earnings, consumer data

Malcolm Morrison

Positive earnings news and data showing improved consumer confidence in the U.S. helped push the Toronto stock market higher Tuesday.

The S&P/TSX composite index rose 38.06 points to 15,483.28.

The Canadian dollar was down 0.35 of a cent to 92.24 cents (U.S.).

U.S. markets turned mainly lower amid reports that the European Union had agreed on new sanctions on Russia that would target the oil industry.

More »

At the open: TSX climbs; traders look to consumer data

Malcolm Morrison

Positive earnings news helped push the Toronto stock market modestly higher Tuesday.

The S&P/TSX composite index rose 22.72 points to 15,467.94.

The Canadian dollar was down 0.15 of a cent to 92.44 cents (U.S.).

U.S. indexes were mixed amid a disappointing read on housing prices and ahead of the release of consumer confidence date with the Dow Jones industrials up 25.21 points to 17,007.8, the Nasdaq gained 7.45 points to 4,452.36 and the S&P 500 index added 0.52 of a point to 1,979.43.

More »

Before the bell: Stock futures rise amid upbeat earnings

Darcy Keith

The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.

Markets are in the green this morning as investors absorb another avalanche of corporate earnings, but trading remains cautious ahead of the Federal Reserve's policy meeting this week and key U.S. economic reports.

More »

Premarket: Global shares near all-time highs

Marc Jones

World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some relief after three days of heavy selling.

Investors remained cautious, however, given geopolitical jitters and a torrent of U.S. economic news due to come this week, including a Federal Reserve meeting and GDP data on Wednesday and non-farm payrolls figures on Friday.

More »

The close: TSX ends in the red ahead of earnings rush

Malcolm Morrison

A drop in energy stocks helped push the Toronto stock market slightly lower Monday as traders brace for a heavy slate of earnings reports this week, particularly from the resource sector.

The S&P/TSX composite index gave back 9.82 points to 15,445.22.

“This week will be jam-packed with information for investors to digest,” said Craig Fehr, Canadian markets specialist at Edward Jones in St. Louis.

More »

At midday: Slow start to 'a big week' for TSX

Malcolm Morrison

The Toronto stock market was in the red, led by energy stocks, on Monday morning ahead of a heavy slate of earnings from resource companies this week.

The S&P/TSX composite index gave back 34.5 points to 15,420.54.

“This week will be jam-packed with information for investors to digest,” said Craig Fehr, Canadian markets specialist at Edward Jones in St. Louis.

More »

At the open: TSX flat ahead of earnings, economic data

Malcolm Morrison

The Toronto stock market started the week little changed as positive Chinese industrial data failed to lift commodity prices and traders braced for a heavy week of corporate and economic data.

The S&P/TSX composite index inched up 3.43 points to 15,458.47.

The Canadian dollar rose 0.02 of a cent at 92.49 cents (U.S.).

More »

Before the bell: China stocks surge, mega retail merger

Darcy Keith

The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.

U.S. and Canadian stock futures, as well as European equities, are drifting around this morning, with investors largely staying on the sidelines ahead of several key economic events later this week as well as more corporate earnings.

More »

Premarket: Europe subdued, Russia shares tumble on new sanctions

Marc Jones

The euro was stuck near its lowest level since November and Russian shares tumbled for a third straight day on Monday as new European sanctions for Moscow chilled the already frosty relationship between the two.

The 28-nation EU reached an outline agreement on Friday on its first economic sanctions on Russia, which said the moves would hamper co-operation between the two and undermine the fight against terrorism.

More »

The close: TSX rises to record high even as U.S. stocks get punished

Malcolm Morrison

Gold stocks and financials helped give the Toronto stock market a lift Friday amid a rebound for U.S. durable goods orders and gold prices.

The S&P/TSX composite index gained 60.59 points to finish at a record high close of 15,455.04.

The gold sector was ahead about 3.3 per cent as the August gold contract gained $12.50 to US$1,303.30 an ounce after three days of losses.

More »

Calendar: What investors need to know for the week ahead

A daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead.

Monday July 28

(10 a.m. ET) U.S. releases pending home sales for June. Consensus is for a contraction of 0.3 per cent, after rising 6.1 per cent in May.

Earnings include: Acadian Timber, Atco, Canadian Utilities, Toromont, Denny’s, Eastman Chemical, Herbalife, Hertz Global Holdings, Tyson Foods.

More »

At midday: Gold, financial stocks lift TSX higher

Malcolm Morrison

Gold stocks and financials helped give the Toronto stock market a lift Friday amid a rebound for U.S. durable goods orders.

The S&P/TSX composite index was ahead 87.32 points to 15,481.77.

The Canadian dollar shed 0.29 of a cent to 92.73 cents (U.S.).

Orders for durable goods, such as machinery and computers, increased by 0.7 per cent during June. Orders had dropped one per cent in May.

More »

At the open: U.S. markets fall as Amazon posts huge loss

Malcolm Morrison

The Toronto stock market was up slightly at the end of a positive week amid a rebound for U.S. durable goods orders.

The S&P/TSX composite index climbed 44.47 points to 15,438.92.

The Canadian dollar was down 0.11 of a cent to 92.96 cents (U.S.).

U.S. indexes were sharply lower as traders also digested another earnings disappointment from online retailer Amazon.

More »

Before the bell: Stock futures lower, Amazon shares dive

Darcy Keith

The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.

Stock futures are pointing lower this morning, with traders reluctant to press equity markets further into record high territory ahead of a weekend that could bring fresh developments on the geopolitical front and a week ahead that will see the release of the key U.S. jobs report and a meeting of the Federal Reserve.

More »

Premarket: Euro, shares sag as Ukraine woes hit German confidence

Marc Jones

Signs that tensions between the West and Russia are starting to hurt confidence in Europe’s dominant economy Germany left the euro near an eight-month low on Friday and lifted the region’s government bonds.

Germany’s Ifo survey revealed a hefty fall in business confidence over the last few weeks, prompting concerns the region’s growth engine and driver of its recovery could be stuttering.

More »

The close: Flurry of earnings fail to budge markets

Malcolm Morrison

The Toronto stock market hardly changed Thursday despite encouraging Chinese manufacturing data and strong earnings reports.

The S&P/TSX composite index climbed 0.07 of a point to 15,394.45 as China’s manufacturing rose in July to its highest level in 18 months. The preliminary HSBC purchasing managers’ index rose to 52.0 in July from 50.7 in June. A reading above 50 indicates expansion.

More »

At midday: Mining stocks push TSX higher

Malcolm Morrison

The Toronto stock market was slightly higher late morning Thursday amid encouraging Chinese manufacturing data and strong earnings reports.

The S&P/TSX composite index climbed 16.17 points to 15,410.55, led by rising mining stocks in the wake of data showing China’s manufacturing rose in July to its highest level in 18 months.

More »

At the open: Markets flat despite strong earnings, manufacturing data

Malcolm Morrison

The Toronto stock market was little changed Thursday as the TSX struggled to find lift, despite encouraging Chinese and European manufacturing data and strong earnings reports.

The S&P/TSX composite index declined 5.65 points to 15,388.73.

The Canadian dollar rose 0.04 of a cent to 93.25 cents (U.S.).

More »

Before the bell: Stocks rise amid flood of earnings beats

Darcy Keith

The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.

Upbeat economic figures out of Europe and China are combining with mostly favourable earnings reports this morning - and there are a lot of them - pointing to a modestly higher start for markets as trading gets underway in North America.

More »

Premarket: Euro pulls off 8-month lows; China PMI helps emerging stocks

Carolyn Cohn

The euro pulled off 8-month lows against the dollar on Thursday after the bloc’s private sector expanded at its fastest rate in three months in July, and emerging equities hovered near 17-month highs after strong Chinese data.

European stocks edged up too after digesting Markit’s Composite Purchasing Managers’ Index (PMI) of companies across the euro zone and a good early indicator of overall growth. The overall index rose to 54.0 in July from 52.8, its highest since April. Any number above 50 indicates expansion.

More »

The close: Takeover offers propel TSX to another all-time high

Malcolm Morrison

A multi–billion-dollar deal in the telecom sector and a potential purchase in the Canadian oil patch helped push the Toronto stock market to another record close Wednesday.

The S&P/TSX composite index gained 79.25 points to 15,394.38 – the latest in a string of record-high closes.

BCE Inc. is moving to privatize affiliate Bell Aliant in a deal worth roughly $3.95-billion. The telecom giant already controls 44 per cent of the regional telecommunications company.

More »

At midday: Telecom, oil patch deals push TSX higher

Malcolm Morrison

A multi-billion dollar deal in the telecom sector and a potential purchase in the oil patch helped push the Toronto stock market higher on Wednesday.

The S&P/TSX composite index gained 67.61 points to 15,382.74.

BCE Inc. is privatizing affiliate Bell Aliant in a deal worth roughly $3.95-billion. The telecom giant already controls 44 per cent of the regional telecommunications company.

More »

At the open: TSX advances amid strong earnings news

Malcolm Morrison

The Toronto stock market was higher Wednesday amid a multi-billion dollar deal in the telecom sector.

The S&P/TSX composite index gained 10.89 points to 15,326.02.

BCE Inc. is privatizing affiliate Bell Aliant in a deal worth roughly $3.95-billion. The telecom giant already controls 44 per cent of the regional telecommunications company.

More »

Before the bell: TSX heads for new record, earnings galore

Darcy Keith

The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.

U.S. and Canadian stock futures are pointing to modest gains at the open, although the focus of today's trading will be on what individual stocks will be doing rather than the major indexes, as corporate earnings pour out at a rapid pace.

More »

Premarket: Europe edges higher on earnings; risk aversion remains

Shinichi Saoshiro

European equities edged higher in early trade on Wednesday, extending gains from Tuesday after a batch of positive earnings and U.S. economic data briefly calmed worries over stretched valuations and the pace of economic recovery.

However, the prospect of more sanctions against Russia over the Ukraine crisis and a downed Malaysian airliner kept risk aversion on the table in the bond market, where German 10-year yields nudged down to 1.16 per cent, just shy of record lows.

More »

The close: TSX ends at another record high

A strong earnings report from Canadian National Railway helped push the Toronto stock market to a fresh record high close Tuesday as traders put geopolitical concerns aside for the moment and concentrated on the health of corporate North America.

The S&P/TSX composite index gained 65.14 points to 15,315.13.

More »

At midday: CN Rail, energy shares spur TSX to record high

Alastair Sharp

Canadian National Railway and energy shares pushed Canada’s main stock index higher on Tuesday, topping the record high it hit last week, as tensions eased in Ukraine.

CN Rail was the index’s biggest positive force, up 1.6 per cent at $74.14, after the country’s biggest railway reported record volumes and lifted forecasts after the bell on Monday.

More »

At the open: Stocks rise as tensions over downed jetliner ease

Malcolm Morrison

The Toronto stock market advanced Tuesday as traders put geopolitical concerns aside and concentrated on corporate earnings along with key U.S. economic data.

The S&P/TSX composite index gained 30.65 points to 15,280.64.

The Canadian dollar was down 0.06 of a cent to 93.14 cents (U.S.).

U.S. indexes were higher after losing ground Monday as traders considered the impact of potentially tighter economic sanctions against Russia for its support of Ukrainian rebel militias blamed for shooting down a Malaysian airliner last week.

More »

Before the bell: Stocks set to rise as earnings flood out

Darcy Keith

The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.

Investors are putting on a brave face this morning, sending global markets higher despite the recent flare-up in geopolitical tensions and nagging feelings that stocks may be priced for perfection unless corporate earnings grow at an impressive pace.

More »

Video »

Blog contributors

David Berman

David Berman has been writing about business and investing since 1995. He has written for a number of magazines, including Canadian Business and MoneySense.

Follow David on Twitter @@dberman_ROB

Darcy Keith

Darcy Keith has been a business journalist since 1992 and joined the Report on Business in 2010 from Yahoo! Canada, where he was the senior editor of finance.

Follow Darcy on Twitter @eyeonequities

Scott Barlow

Scott Barlow is The Globe's in-house market strategist. He is a 20-year veteran of Canadian investment banks, including Merrill Lynch Canada, CIBC Wood Gundy and Macquarie Private Wealth (MPW).

Rob Carrick

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.

Follow Rob on Twitter @rcarrick

Sonali Verma

Sonali Verma is digital editor and investment editor at the Report on Business. She has worked as a reporter, editor and producer of business news at Reuters, CNBC and Bloomberg News since 1995.

Follow Sonali on Twitter @SVerma__

David Milstead

A business journalist since 1994, David Milstead began writing for The Globe and Mail in 2009. During eight years at the Rocky Mountain News in Denver, Colo., he individually or jointly won nine national awards from SABEW, the Society of American Business Editors and Writers.

Most Popular