New Closing Record for TSX

It was another weekend to celebrate not only summer, but yet another all-t1me record for equities in Toronto, spirited up mostly by energy and consumer interests.

The TSX Composite index vaulted 88.88 points to end Friday and the week at 20,138.35 another all-time record for the exchange. The gain on the past five sessions was 109 points, or 0.54%.

The Canadian dollar erased 0.43 cents to 82.23 cents U.S.

Among energy stocks, Tourmaline Oil gained $2.47, or 8.1%, to $33.17, while Arc Resources picked up 20 cents, or 2%, to $10.11.

In the industrial sector, Brookfield Business Partners added $2.27, or 4.3%, to $55.07, while Ballard Power Systems increased 51 cents, or 2.4%, to $22.15.

In the consumer discretionary field, Canada Goose Holdings leaped $2.12, or 4.4%, to $50.32, while Dollarama hiked $1.53, or 2.8%, to $55.91.

In resource stocks, Sandstorm Gold docked 23 cents, or 2.1%, to $10.87, while … Read more

Housing Figures, Manufacturing Figures Due Next Week

Monday

U.S.

Featured Earnings

NextDecade Corporation (NASDAQ: NEXT) (Q1) EPS projected for loss of seven cents, compared to loss of two cents in the prior-year quarter.

Avenue Therapeutics Inc. (NASDAQ: ATXI) (Q1) EPS projected for loss of six cents, compared to the loss of eight cents in the prior-year quarter.

Canada

Economic Lookahead

Monthly Survey of Manufacturing (April) Manufacturing sales bounced back in March, rising 3.5% to $57.8 billion, following a 1.1% decline in February. Gains were widespread across all major industries.

Featured Earnings

GURU Organic Energy Corp. (T.GURU) (Q2) EPS projected for loss of eight cents, compared to a loss of two cents in the prior-year quarter.

HEXO Corp. (T.HEXO) (Q3) EPS projected for a loss of six cents, compared to a loss of 17 cents in the prior-year quarter.

Major Drilling Group International Inc. (T.MDI) (Q4) EPS projected for gain of nine cents, compared to a loss of … Read more

9 Critical Productivity Resources for Busy Entrepreneurs

Whether you’re an entrepreneur or a business owner, productivity is vital for your success—lifestyle, technology, habits, and discipline matter.

All of us seem to get busier day by day. Despite technology being our ‘Knight in Shiny Armor’, making everything more accessible, we continue to be busy. We use the term “I’m busy” as a badge of honor. If you’re not eventful, you’re acting like a lazy person, and laziness is the very opposite if you want to be a tycoon. However, keeping yourself busy for countless uninterrupted hours doesn’t mean you’re proficient.

The truth is, you require systems to determine what works best for you, to do things slowly. But with extra attention, to adapt the proper habits that will improve your productivity in the long term.

But some professionals, such as entrepreneurs or business owners, usually have many goals to accomplish in little time. On prime of that, they … Read more

Divorce and Financial Problems – Can I Afford to Get Divorced?

Yes, you can afford it. The only question is what are you ready to do for the sake of realizing this intention. In any case, remember – insurmountable situations exist only in your head. Everything else is solvable and surmountable. And if you want to get a divorce while experiencing financial problems, then you need a very balanced strategy and full awareness of each of your actions and its consequences. We will give you some tips in this article.

Start by Finding Sources of Income

So, if you want to get a divorce but reasonably understand that you do not have financial support for this yet, then it’s time to create it yourself. If you did not work before deciding on a divorce, then it is necessary to start looking for a new job or additional sources of income now. Yes, all that you earn when you are married will … Read more

USD/CAD – Canadian Dollar Stuck in a Rut

The Canadian dollar churned yesterday, just before and immediately after the U.S. May inflation data was released. USD/CAD spiked to $1.2123 in a knee-jerk reaction to the Consumer Price Index surging 5.0% y/y, then plunged to $1.2068 after the details suggested the inflation gains were due to post-pandemic reopening pressures, which are not sustainable.

Bank of Canada Deputy Governor Timothy Lane’ speech did not have any impact on the currency. Lane reiterated comments from Wednesday’s monetary policy statement. He said the economy was growing as expected and wasn’t concerned about inflation, even though it was over 3.0% in April. Instead, the BoC is concerned about labour market pressures increasing slack in the economy.

The Canadian dollar continues to be underpinned by oil prices, a key reason why the loonie has outperformed against the Australian and New Zealand dollars. West Texas Intermediate, the North American benchmark, touched $70.77 in early New … Read more