Weekly Syrup 10: Buy Canadian, CPI & Nvidia Earnings, How Should You Trade?
IN THIS ISSUE (8 min read )
Last Week Recap: Policy & Sentiment
Carney’s “Buy Canadian” policy moves into focus
Ottawa’s new procurement plan — prioritizing Canadian-made steel, lumber, aluminum and more — is shaping up to be a multi-year industrial push.
🎈For investors, it could mean:
– stronger long-term demand for materials & industrials
– more federal spending flowing into local supply chains
– a structural narrative shift for the TSX
– stronger long-term demand for materials & industrials
– more federal spending flowing into local supply chains
– a structural narrative shift for the TSX
This is Canada’s version of “industrial strategy 2.0”.
Bitcoin wipes out YTD gains as risk appetite fades
BTC fell to $93,005, erasing all 2025 gains as the fear index hit a yearly low. The drop was driven by hawkish Fed signals, heavy long-term holder selling, and stablecoin depegs after the USDE loop-loan shock.
– Macro: Fed officials turned hawkish after the government reopened, pushing down December rate-cut expectations.
– Supply: Long-term holders sold 815k BTC in 30 days — the largest wave since early 2024.
– Liquidity: xUSD, deUSD and USDX depegged, wiping out $2B+ in stablecoin market cap.
Still, long-term conviction remains: Saylor plans new buys, the weekly Supertrend holds, and Bitmine’s Tom Lee reiterates the importance of HODLing through volatility.
This Week Macro Watch: US Jobs & Canada CPI
US September non-farm payrolls (delayed release)
Because of the shutdown, the Sept NFP (normally released in October) will finally drop on Nov 20.This is the first official labor reading in weeks — and the market is hungry for clarity.
What investors care about:
– is job growth slowing meaningfully?
– will this reinforce expectations for further Fed cuts?
– how will risk assets respond after last week’s crypto pullback?
– is job growth slowing meaningfully?
– will this reinforce expectations for further Fed cuts?
– how will risk assets respond after last week’s crypto pullback?
Canada October CPI (NOV.17): the first test after two rate cuts
With the BoC having cut rates twice in a row, CPI becomes the most important data point this week.
Possible interpretations:
– If CPI cools → the rate-cut path stays open
– If CPI bumps up → inflation pressure + Buy Canadian + trade uncertainty could pause the easing cycle
– If CPI cools → the rate-cut path stays open
– If CPI bumps up → inflation pressure + Buy Canadian + trade uncertainty could pause the easing cycle
This print matters for:
– CAD direction
– TSX utilities, REITs, and defensive names
– rate-sensitive growth stocks
– CAD direction
– TSX utilities, REITs, and defensive names
– rate-sensitive growth stocks
Earnings Spotlight: Nvidia’s moment of truth
Nvidia reports this week — and it’s more than a corporate event. It’s the heartbeat of the global AI trade.
What to watch:
– revenue near $55B
– Q4 guidance (the real market mover)
– Blackwell GPU ramp
– whether AI spending is peaking or accelerating
– revenue near $55B
– Q4 guidance (the real market mover)
– Blackwell GPU ramp
– whether AI spending is peaking or accelerating
– US tech ETFs
– TSX tech momentum
– sentiment around AI-linked infrastructure (data centers, power names)
One print could swing the entire AI complex.
SWEET REWARDS
You’ve had your Weekly Syrup — now it’s your turn to Share & Earn!
This week’s market mix brings together Carney’s Buy Canadian push, Bitcoin wiping out its YTD gains, the return of U.S. jobs data, Canada’s CPI test, and Nvidia’s earnings on deck.
🎁 Share your view → Earn 200 points！
You’re invited to discuss:
- Will Carney’s Buy Canadian policy lift TSX materials & industrials in the months ahead?
- After Bitcoin erased all its YTD gains, do you see this as a buy-the-dip moment or the start of deeper weakness?
- With U.S. NFP and Canada’s CPI both landing this week, which market will set the tone for November?
- Can Nvidia’s earnings keep the AI trade alive for both U.S. tech and TSX growth names?
- Will Carney’s Buy Canadian policy lift TSX materials & industrials in the months ahead?
- After Bitcoin erased all its YTD gains, do you see this as a buy-the-dip moment or the start of deeper weakness?
- With U.S. NFP and Canada’s CPI both landing this week, which market will set the tone for November?
- Can Nvidia’s earnings keep the AI trade alive for both U.S. tech and TSX growth names?
🔶 Your answer must be 30+ words to earn points!
See you next week!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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口華口卡口卡 : Bitcoin has recently erased its gains for the year. Whether this presents a buying opportunity on the dip or signals deeper weakness depends on three key factors: technical support, institutional momentum, and the macro environment.
As of mid-November 2025, Bitcoin's price has fallen to the range of approximately $93,000–$95,000, erasing all year-to-date gains. This pullback was primarily driven by hawkish remarks from the Federal Reserve, outflows from spot ETFs, and waning institutional buying interest. From a technical perspective, $94,000 serves as a critical support level; if it holds, there may be a short-term rebound toward $100,000. However, a breach below this level could trigger a deeper technical correction.
From an institutional perspective, spot ETFs have seen net outflows of $167 million since mid-October, reflecting weakening investor confidence. Additionally, on-chain data indicates that large holders have recently reduced new purchases, suggesting that the market may be entering a period of high time-frame pressure. Such capital behavior is typically characteristic of the late stages of a bull market, and without new catalysts, prices may continue to consolidate or even decline further.
However, based on historical seasonality, November has traditionally been a strong month for Bitcoin, with average returns exceeding 11%. If market sentiment improves, coupled with the year-end 'Santa Claus rally' effect, Bitcoin may regain momentum. But this would require favorable macro conditions, such as a shift in interest rate expectations, regulatory clarity, or fresh inflows of capital.
In summary, this is not a definitive time to buy the dip but rather a critical period of observation and consolidation. Long-term investors may consider scaling into positions while setting stop-loss orders, whereas short-term traders should wait for technical stabilization and a recovery in trading volume. The market still holds potential, but risk management and timing will be crucial.
72158045 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
美丽的泡沫 :
74633426 : us tech
74582107 : - Will Carney’s Buy Canadian policy lift TSX materials & industrials in the months ahead? No. more needs to be done.
- After Bitcoin erased all its YTD gains, do you see this as a buy-the-dip moment or the start of deeper weakness? it is just the start
- With U.S. NFP and Canada’s CPI both landing this week, which market will set the tone for November? Canada’s market
- Can Nvidia’s earnings keep the AI trade alive for both U.S. tech and TSX growth names? Yes it can
74865692 :
JFungster : I view the recent drop in Bitcoin’s price as a buy-the-dip opportunity. Since the market crash in April, Bitcoin has been steadily recovering, and occasional pullbacks are normal - especially when there’s a temporary lack of news or catalysts to drive additional demand.
74373427 : No Carneys policies ate driving away investment, as a Canadian I invest in US equities as much as possible for gain and hold Canadian banks and CCO
Active Trader : Carney's "Buy Canadian" policy is expected to lift TSX materials and industrials, particularly those benefiting from the policy's initial focus on steel, wood products, and aluminum, and its application to federal procurement for major projects. However, the extent of the impact depends on the policy's successful and timely implementation, including navigating international trade agreements and the details of the forthcoming budget.
COCO 2024 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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