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...
Canadian stocks fell as lower oil prices dragged down the shares of producers of the commodity amid concerns supply could outpace demand. The$S&P/TSX Composite index(.SPTSX.CA)$fell 0.3% to 22,313.93 at 2:08 p.m. in Toronto. The blue chip$S&P/TSX 60 Index(.TX60.CA)$slid 0.3% to 1336.39. Decliners outnumbered gainers 796-671, according to data compiled by moomoo. Oil & Gas sector slipped 0.8%, weighing down the index. Sof...
In Canada, five supermarket chains make up of nearly 75% of the retail grocery market, i.e. Loblaws, Costco, Walmart, Sobeys and Metro. While in big cities like Vancouver, Toronto, local grocers and grocers focusing on speciality food take shares in the retail grocery market, in other part of Canada, the big fives dominate. Because of the small market size of Canada and the difficulties of setting up new supply chains, it is very difficult for a n...
At the start of Berkshire's yearly gathering in Omaha on Saturday, Buffett indicated that it's quite likely their cash reserves will reach $200 billion by the end of the current quarter, citing a scarcity of significant acquisition prospects. Read Here: Top 10 Highlights from Berkshire Hathaway's Shareholder Meeting Buffett addressed the assembled multitude, expressing a desire to utilize these funds but emphasizing a commitment to in...
Good morning mooers! Here are things you need to know about today's market: ● S&P/TSX 60 Index Standard Futures are trading at 1,334.40, up 0.38%. ● Canadians are concerned about federal deficit, believe Ottawa is spending 'too much' ● EIA expects US natural gas inventories to remain high through 2025 ● Canada to allow 30-year amortization for first-time buyers' mortgages on new homes ● Stocks to watch:...
Good morning mooers! Here are things you need to know about today's market: ● S&P/TSX 60 Index Standard Futures are trading at 1,327.30, down 0.65%. ● Bank of Canada says June interest rate cut 'within the realm of possibilities' ● How will the Bank of Canada's interest rate decision impact real estate? ● US crude oil stocks post week-over-week build of nearly 6 million barrels, EIA reports ● St...
S&P/TSX Composite index: 22075.10 (-0.50%) S&P/TSX 60 index: 1325.66 (-0.60%) S&P/TSX Composite mover Aurora Cannabis was the top gainer, rising 16.70% to close at $6.78. The top loser was Hut 8 Corp, losing 13.42% to end at $12.71. See below for more trending stocks: S&P/TSX 60 mover Canopy Growth Corp saw the biggest gain of the day, as it closed at $11.33, up 11.08%. Conversely, Brookfield Infrastructure Partners LP suffered the ...
Stocks listed in Toronto erased earlier gains as they retreated in the last half hour of the trading day, tracking declines in the US. The$S&P/TSX Composite index(.SPTSX.CA)$slipped 0.1% to 21,912.52, while the blue chip$S&P/TSX 60 Index(.TX60.CA)$dipped 0.2% to 1319.08, preliminary moomoo data showed. Canadian stocks failed to held on to gains as crude oil declined, weighing down on resources-heavy indexes.$Canadian Natural Resources Ltd(CNQ.CA)$was among...
Canada's stocks rallied, tracking gains in the US that were driven by Federal Reserve's decision to keep interest rates unchanged and stick with policymakers' median projection for three quarter-point rate cuts by December. Advancers in Canada's stock market outnumber decliners 960 to 683, according to data compiled by moomoo. Metals and mining led gains, followed by software, transportation, telecommunications, banks ...
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