TSX Squeaks into Green Before Long Weekend

Markets in Canada’s largest centre fought their way past the breakeven point Friday after riding a rollercoaster throughout the day. Strength in utility and communications out did whatever damage health-care and materials threatened.

The S&P/TSX pushed higher 15.69 points to 20,197.61, for a narrow gain on the week of 24 points, or 0.1%.

Markets in Canada will be closed Monday for Victoria Day.

The Canadian dollar faded 0.07 cents at 77.93 cents U.S.

Canopy Growth spun out 46 cents, or 6.1%, to finish at $7.06, while Aurora Cannabis let go of 15 cents, or 3.9%, to $3.74.

In materials, Nutrien sagged $5.65, or 4.4%, to $124.20, while Silvercrest Metals lost 23 cents, or 2.7%, to $8.81.

Consumer discretionary concerns were pointed downward, with Sleep Country Holdings dozing a dollar, or 3.7%, to $26.15, while Canada Goose slumbered 69 cents, or 2.6%, to $26.06.

Fortis led utilities Friday, jumping 78 cents, … Read more

Shortened Week in Canada



Featured Earnings

Zoom Communications (NASDAQ:ZM) (Q1) EPS of 35 cents, compared to 97 cents in the year-ago quarter.

HEICO (NYSE:HEI) (Q2) EPS of 61 cents, compared to 51 cents in the year-ago quarter.

Advance Auto Parts (NYSE:AAP) (Q1) EPS of $3.50, compared to $3.34 in the year-ago quarter.


Canadian markets are closed for Victoria Day



Economic Lookahead

Global U.S. manufacturing Purchasing Managers Index (May)

Global U.S. services PMI (May)

New Home Sales (April)

Featured Earnings

INTU (NASDAQ:INTU) (Q3) EPS of $6.70, compared to $5.45 in the year-ago quarter.

NetEase (NASDAQ:NTES) (Q1) EPS of 99 cents, compared to $1.00 in the year-ago quarter.

AutoZone (NYSE:AZO) (Q3) EPS of $25.70 compared to $26.48 in the year-ago quarter.


Featured Earnings

Montage Gold Corp. (T.MAU) (Q1) EPS for loss of one cent, compared to a loss of three cents in the year-ago quarter.

Rubicon Organics Inc. (T.ROMJ) (Q1) … Read more

S&P Falls Again, Lurches Toward Bear Market

The S&P 500 fell Thursday as the benchmark inched closer to a bear market. Investors continued to dump equities on fears Federal Reserve rate hikes to fight rapid inflation would tip the economy into a recession.

The Dow Jones Industrials had made progress Thursday, but sagged 236.94 points by the close to 31.253.13.

The S&P 500 lost another 22.89 points to 3,900.79.

The index is teetering on bear market territory sitting about 18% below its record reached in January.

The NASDAQ Composite weakened from gains earlier in the session, losing 29.66 points to 11,388.50.

The S&P 500 and NASDAQ are both down more than 3% for the week, while the Dow has lost 2.9%. Those losses were driven in part by back-to-back quarterly reports from Target and Walmart that showed higher fuel costs and restrained consumer demand hurting results amid the hottest inflation in decades.

Even after a 24% drop … Read more