Canadian Stocks Are Off Early Highs After Oil Turns Lower — Canadian Commentary

Canadian Stocks Are Off Early Highs After Oil Turns Lower — Canadian Commentary

(RTTNews.com) – The Canadian stock market is up in early trade Tuesday, but is off its early high. The market pared its gains after crude oil prices were unable to hold onto their early gains. Weakness in gold stocks is also limiting the upside this … Continue reading at nasdaq.com

CANADA STOCKS-TSX broadly rises, led by banks and telecoms

* TSX up 120.85 points, or 1.01 percent, at 12,063.02 The move echoed a similar gain for U.S. indices, which were closed for a holiday Monday when Toronto fell 1.1 percent. Shares in Europe and Asia also rose as data showing China’s economy grew last year … Continue reading at reuters.com

Canadian Stocks Are Off Early Highs After Oil Turns Lower  Canadian Commentary

Image by `James Wheeler

Canadian Stocks Rise for Third Time This Year on China Optimism

Canadian stocks rose for only the third time this year, as Chinese economic-growth data eased investor concern over a hard landing. Nine of the 10 main industries jumped, as the Standard & Poor's/TSX Index gained 1.1 percent to 12,077.97 at 10:49 a.m. in … Continue reading at bloomberg.com

Canadian Stocks

Roundup: Canadian stock rises ahead of central bank’s rate decision

TORONTO, Jan. 19 (Xinhua) — Canada’s main stock market in Toronto recovered broadly Tuesday on the eve of the interest rate announcement to be made by the Bank of Canada. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite Index … Continue reading at news.xinhuanet.com

Today’s Dead Cat Bounce Stock: Canadian Solar (CSIQ)

Trade-Ideas LLC identified Canadian Solar ( CSIQ) as a “dead cat bounce” (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Canadian Solar as such a stock due to the following factors: CSIQ … Continue reading at thestreet.com

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Canadian Stocks

CANADA STOCKS-TSX rises as China’s data supports sentiment

The Toronto Stock Exchange’s S&P/TSX composite index was up 147.68 points, or 1.24 percent, at 12,089.85, shortly after the open. All 10 of the index’s main groups were in positive territory. (Reporting by Fergal Smith; Editing by Nick Zieminski) Continue reading at uk.reuters.com

Is There Opportunity In Canada And Europe During This Sell-Off? – Bezek’s Daily Briefing

As for investing, my “they’re cheap” greed neurons are firing in response to various Canadian stocks. However, I don’t think it’s time to allocate heavily to the country yet (NYSEARCA:EWC). There’s little sign that an imminent reversal is at hand. Continue reading at seekingalpha.com

Insider Selling: Canadian Energy Services & Tech Corp (CEU) Director Sells C,120.67 in Stock

Canadian Energy Services & Tech Corp (TSE:CEU) Director John Michael Hooks sold 6,700 shares of Canadian Energy Services & Tech Corp stock in a transaction on Tuesday, January 12th. The shares were sold at an average price of C$ 3.60, for a total value of C … Continue reading at watchlistnews.com

Canadian Stocks Look For Respite But Oil Prices Weigh — Canadian Commentary

Canadian stocks will look to snap back from brutal recent losses Monday, but any rebound may be short-lived as crude oil prices held near 12-year lows. On Friday, the S&P/TSX Composite Index dropped 262.57 points, or 2.13 percent, to 12,073, the worst … Continue reading at rttnews.com

CANADA STOCKS-TSX rises, led by energy stocks as oil prices rally

TORONTO, Jan 14 (Reuters) – Canada’s main stock index rose on Thursday as a rally in crude oil prices helped the battered energy sector rebound, while financial stocks saw more modest gains amid speculation the Bank of Canada will cut its key interest rate … Continue reading at cnbc.com

* Today the focus is on the Inflation data in UK,EU and Germany Economic sentiment and US Monthly budget statements. Check out more interesting highlights from today’s Forex Analysis :

North American Markets: We have referred you to RBC Mr. Poloz Speech – The Bank of Canada's goal of targeting inflation, today at a rate of 2 per cent, must come ahead of financial stability goals, Poloz said. The bank is also conducting research into the potential cost and benefits of using monetary policy to head off a housing or banking crash. The central bank's five-year policy agreement with the government is due for renewal next year. Poloz reiterated Monday the central bank should be the "last line of defense" against threats to financial stability, which must first be addressed by individual borrowers and lenders, regulators and officials who craft macro-prudential policies.
He didn't comment in either speech about his next rate decision on Oct. 21, where economists predict he will keep the key overnight lending rate at 0.5 per cent.

EU Markets: Ger CPI as expected early in the morning.Swiss Producer and Import Prices MoM and YoY are coming out as we speak. ?he ZEW Economic Sentiment reports for Germany and the EU zone are coming later today

IMF Meeting The Chief Ms Lagaard warned the central bankers to continue with the low interest rates.They respond that keeping them at record low for too long could prove very dangerous for the global economy.

The EUR was moved vs the Pacific AUD-90 and NZD70 down and 60 up vs. the CAD.

Asian Pacific Markets: Asian currencies halted a seven-day run of gains as a sharper-than-predicted drop in Chinese imports added to signs the world's second-largest economy is slowing.
Emerging-market stocks slid from a nine-week high as commodity producers dropped after China's imports slumped more than economists estimated. Malaysia's ringgit led developing-nation currencies lower.

Pacific: Governor Lowe Speech: Australia will need to boost its productivity through a more flexible economy if it wants to increase living standards rather than relying on any renewed lift in export prices or lower interest rates, Australian central bank Deputy Governor Philip Lowe said. "The rate at which our living standards improve is unlikely to be driven by the actions of the central bank," Lowe said. "Instead, the improvement in our living standards rests on our ability to improve our fundamentals and enhance the flexibility of our economy. Interest rates are not the source of long-term growth in living standards. Ideally, what we want is a world in which interest rates rise." Australia's flexible exchange rate "has arguably been the single most stabilizing influence on our economy. In particular, the depreciation over the past couple of years is playing an important role in helping the economy adjust to the wind-down of the boom in mining investment.

Commodities

Gold jumped to near-three month highs on Monday amid a softer dollar. An interest rate hike is viewed as bearish for gold, which is not attached to dividends or interest rates. Gold struggles to compete with high-yield bearing assets in rising rate environments.Gold had a range of , trading at 54 now. Silver had a range of ,39 at ,71 now. WTI had almost range, at ,39 now.Oil prices sank on Monday after a report that OPEC continued to boost production. China trade data showing a deterioration in its economy and expectations of higher crude stockpiles in the United States helped limit any recovery.

In the calendar: Today the RBNZ Governor Wheeler will deliver a speech.

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Canadian Stocks

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