This week will bring more domestic earnings, says Prab Sagoo, associate director at Nasdaq Advisory Services, in his latest weekly highlight.

On Thursday, he says, “a number of bellwethers [are] reporting. The most notable include Intact Financial, ARC, Manulife, Thomson Reuters, Brookfield [Asset Management], Suncor, Great-West, TELUS, Agrium and Hydro One.”

Read: This week’s Canadian earnings reports

Further, “The Canadian economic calendar will see housing and trade data released, with Friday having the more notable Labour Force Survey,” says Sagoo.

Additional highlights

  • The TSX ended last week with slight losses, continuing to pull back from late January highs. It underperformed the S&P 500 but outperformed the EU and Asia.
  • The technology sector underperformed, pulling back sharply on U.S. immigration curbs. Meanwhile, energy continued to fall and test the technical support at 200; the sector is down about -8% year to date, sharply underperforming though disconnected from oil price movements. Further, telcos lost ground on earnings.
  • Safe-haven materials continued to bounce. Gold was +2.7% on the week, there were solid gains seen in silver and copper continues to show good gains year to date.
  • The loonie was testing three-month highs—the loonie was hovering around US$0.77 as of 10am on Feb 6th, compared to approximately US$0.74 in early November—while Canadian government bond yields moved lower across curve.
  • On the U.S. front, we’ll see import/export and consumer sentiment data out on Friday this week, though political headlines will continue to drive broader market swings. Read: Who can cross the border under Trump?