CPI Figures Due in U.S. Next Week

Monday

U.S.

Economic Lookahead

Wholesale inventories (March)

Featured Earnings

PayPal Holdings Inc. (NASDAQ:PYPL) (Q1) Reported EPS of 82 cents, compared to 57 cents in the prior-year quarter.

McKesson Corporation (NYSE: MCK) (Q4) Reported EPS of $7.13 compared to $5.83 in the prior-year quarter.

KKR & Co. Inc. (NYSE: KKR) (Q1) Reported EPS of 62 cents, compared to $1.10 in the prior-year quarter.

Canada

Featured Earnings

Altius Minerals Corporation (T:ALS) (Q1) Reported EPS for 14 cents compared to 10 cents in the prior-year quarter.

Ero Copper Corp. (T:ERO) (Q1) Reported EPS of 20 cents, compared to 24 cents in the prior-year quarter.

Hudbay Minerals Inc. (T:HBM) (Q1) Reported EPS for nine cents, compared to one cent in the prior-year quarter.

Tuesday

U.S.

Economic Lookahead

NFIB optimism index (April)

Featured Earnings

Duke Energy Corporation (NYSE:DUK) (Q4) Reported EPS of $1.31, compared to $1.30 to the prior-year quarter.

Airbnb Inc. (NASDAQ:ABNB) (Q1) Reported … Read more

Stocks Wounded Thursday

(CORRECTS DAY ON WHICH TSX VENTURE INDEX CLOSED)

Equities in Canada’s largest centre suffered yet another day of losses Thursday, the day after central bankers stateside raised interest rates and the day before jobs numbers were to be released in both the U.S. and Canada.

The TSX dropped 116.49 points to finish Thursday at 20,238.19.

The Canadian dollar jumped 0.52 cents to 73.87 cents U.S.

Health-care stocks were ravaged the most, with Bausch Health tumbling $2.04, or 20.3%, to eight dollars, while Sienna Senior Living lost 17 cents, or 1.6%, to $10.75.

In consumer discretionary stocks, Gildan Activewear shares were roughed up $3.34, or 7.8%, to $39.53, while Magna International doffed $2.50, or 2%, to $33.45.

Communications also had a tough time of it, as Quebecor lost 69 cents, or 2%, to $33.45, while TELUS Corp. forfeited 46 cents, or 1.6%, to $28.20.

Tech stocks tried to take some of … Read more

Stocks Bruised on Interest Rate News Down South

Equities in Canada’s largest market followed their American brethren downward Wednesday, as the vibes out of the U.S. central bank didn’t indicate the economy was quite out of the woods.

The TSX slid 52.88 points to close Wednesday at 20,354.68

The Canadian dollar was up 0.02 cents at 73.43 cents U.S.

Energy again took the biggest bruises, with Baytex doffing 15 cents, or 3.2%, to $4.57, while Tamarack Valley Energy docked 11 cents, or 3.1%, to $3.42.

In consumer discretionary stocks, Aritizia took the biggest blows, down $9.30, or 21.6%, to $33.80, while Spin Master gave back $1.49, or 3.8%, to $37.29.

In consumer staples, Loblaw Companies stumbled $3.87, or 3.1%, to $124.79, while North West Company plunged 58 cents, or 1.5%, to $38.98.

Health-care stocks, on the other hand, were on the rebound, with Tilray taking on 15 cents, or 4.8%, to $3.25, while Chartwell Retirement Residences gained 13 … Read more

Stocks Punished on Eve of Fed Announcement

Stocks tumbled on Tuesday as traders’ fears around contagion in the regional banking sector returned.

The Dow Jones Industrials plunged 367.24 points, or 1.1%, though off its lows of the day, to finish at 33,684.46.

The S&P 500 shed 48.28 points, or 1.2%, to 4,119.59.

The NASDAQ Composite let go of 132.09 points, or 1.1%, to 12,080.51.

Bank shares fell, as traders questioned the stability of smaller regional financial institutions after the crisis that engulfed Wall Street in March and brought about the end of Silicon Valley Bank and First Republic Bank. Regional banks PacWest and Western Alliance had trading paused after tumbling more than 20%.

Meanwhile, JPMorgan Chase’s shares shed 1%, giving back some of its gains from the previous session. A day earlier, JPMorgan shares rose after the takeover of embattled regional First Republic Bank. Other large banks including Goldman Sachs, Bank of America and Citigroup also dropped … Read more

TSX Hesitates by Close

Stocks in Toronto gave up earlier gains and fell back by Monday’s closing bell, taking in the suspense over what the U.S. Federal Reserve may do with its next interest rate announcement, slated for Wednesday of this week.

The TSX sagged 16.18 points to end Monday at 20,620.36.

The Canadian dollar poked ahead 0.07 cents to 73.81 cents U.S.

Energy stocks took the worst pounding, with Secure Energy Systems losing 22 cents, or 3.5%, to $6.09, while Tamarack Valley Energy fell nine cents, or 2.4%, to $3.68.

Real-estate stocks tumbled, as units of CT REIT handed back 25 cents, or 1.6%, to $15.84, while FirstService lost $2.57, or 1.3%, to $201.23.

Gold stocks lost ground, too, Equinox Gold punished 20 cents, or 3%, to $6.53, while OceanaGold withered seven cents, or 2.3%, to $3.03.

In consumer discretionary stocks, BRP gained $1.75, or 1.7%, to $102.97, while Dollarama took on $1.36, … Read more