Stocks Everywhere Grow By Leaps and Bounds

The TSX Composite gained 102 points to close Friday at 20,928.10, a gain on the week of 511 points, or 2.5%.

The Canadian dollar acquired 0.28 cents to 80.83 cents U.S.

After snapping a seven-month win streak in September, the

Canadian equity index has gained 3.7% so far this month.

Financials led the pack Friday, with Canaccord Genuity picking up 85 cents, or 6.6%, to $13.80, while TD added $1.50, or 1.8%, to $87.01.

In consumer discretionary stocks, Linamar vaulted $1.80, or 2.6%, to $71.01, while Canadian Tire jumped $3.10, or 1.7%, to $184.03.

In industrials, Finning International increased 93 cents, or 2.8%, to $34.28, while Canadian Pacific Railway jumped $1.61, or 1.8%, to $90.19.

On the downside, Aurora Cannabis dawdled 30 cents, or 3.3%, to $8.69, while rival Canopy Growth shed 47 cents, or 2.8%, to $16.50.

In gold stocks, New Gold dropped six cents, or 3.4%, to $1.69, … Read more

Housing Information out Next Week as October Winds Down

Monday

U.S.

Economic Lookahead

Industrial production (Sept.)

Capacity utilization rate (Sept.)

National Association of Home Builders index (Oct.)

Featured Earnings

HDFC Bank Limited (NASDAQ:HDC) (Q2) EPS projected for 63 cents, compared to 55 cents in the prior-year quarter.

International Business Machines Corporation (NYSE:IBM) (Q3) EPS projected for $2.49 compared to $2.58 in the prior-year quarter.

State Street Corporation (NYSE: STT) (Q3) EPS projected for $1.91, compared to $1.45 in the prior-year quarter.

Canada

Economic Lookahead

Canada‘s International Transactions in Securities (Aug.) Foreign investors acquired $14.2 billion of Canadian securities in July, led by purchases of government debt securities. At the same time, Canadian investors reduced their holdings of foreign securities by $4.7 billion.

Housing Starts (Sept.) Canada Mortgage and Housing Corpotation reported that the trend in housing starts was 283,971 units in August, down from 286,076 units in July.

Tuesday

U.S.

Economic Lookahead

Building Permits (Sept.)

Housing Starts (Sept.)Read more

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S&P Jumps Most Since March

U.S. stocks rallied Thursday after better-than-expected earnings reports from Walgreens Boots Alliance, UnitedHealth, Bank of America and other major companies.

The Dow Jones Industrials flew 534.75 points, or 1.6%, to 34,912.56.

The S&P 500 jumped 74.76 points, or 1.7%, to 4,438.26.

The NASDAQ Composite rumbled 251.79 points, or 1.7%, to 14,823.43.

The three averages are now on track to close the week higher, with the S&P 500 and the Dow roughly 2% off their record highs and the NASDAQ about 4% behind.

Third-quarter earnings season continued Thursday with several big banks and Dow members reporting financial results before the bell.

Walgreens was the top performer in the Dow and S&P 500, rallying 7.4% after the drugstore chain beat earnings expectations. The company announced it would become majority owner of primary-care company VillageMD with a $5.2 billion investment and make health care its growth engine.

Dow constituent UnitedHealth also popped 4.2% … Read more