President Trump’s tax overhaul sent the S&P 500 up 0.7% last week to a record high. The increase was “led by by banks and energy, while healthcare and utilities lagged,” says BMO senior economist Robert Kavcic in a weekly equity report. “Exchange and fixed income markets were also impacted, with the greenback appreciating, and the […]
Expect a quieter start to the markets this week, with more active trading on Friday. That’s when quarterly TSX rebalancing occurs, notes Prab Sagoo, associate director at Nasdaq Advisory Services, in his latest weekly update. Quadruple witching is also scheduled for Friday, meaning the simultaneous expiration of stock index futures, stock index options, stock options […]
Assets managers harvest gains
A look at which types of companies dragged on the TSX, and more
Materials and energy help TSX close with minor losses last week
Active managers again fell short of their respective benchmarks in 2016, S&P Dow Jones Indices says in its latest SPIVA Canada scorecard. The SPIVA scorecard found the market’s strong run last year caused a majority of active managers in domestic Canadian equities to underperform their respective benchmarks. Just under one-fifth of Canadian equity funds (17.31%) […]
Toronto Stock Exchange has welcomed Freshii Inc., a global leader in the health-casual restaurant business.
Earlier this week, TMX Group marked the first trading day for four-letter stock symbols on the TSX and TSX Venture (TSXV). The initiative provides interlisted issuers the opportunity to be uniformly represented throughout North American markets. Previously, a stock’s symbol was limited to three letters or fewer. Read: TSX releases trading stats “We’ve seen tremendous […]
Last week, the TSX underperformed the S&P500.
Alternative exchange NEO is drawing 12 iShares BlackRock ETFs from the TSX.