By Ketki Saxena
Investing.com -- The TSX started the week on a positive note, tracking Wall Street higher as investors anticipate an eventful week filled with earnings reports, including those from tech giants such as Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL) Inc., and Meta Platforms Inc.
Investors will also be closely watching forthcoming interest rate decisions from leading central banks, notably the U.S. Federal Reserve's expected announcement later this week.
This week also promises to be a busy one for Canada's earnings season, featuring quarterly results announcements including from railway service provider Canadian National Railway (TSX:CNR), telecommunications powerhouse Rogers Communications (TSX:RCIa), and mining juggernaut Teck Resources (TSX:TECKa).
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Shopify (TSX:SHOP) shares increased after a rating upgrade by MoffettNathanson analysts who moved it up to 'outperform' status after previously being marked 'market perform.'
TC Energy (TSX:TRP) shares meanwhile dipped after revealing plans to offload a 40% stake in both its Columbia Gas Transmission and Columbia Gulf Transmission pipelines for an impressive sum of $5.2 billion.
Nutrien (TSX:NTR) saw shares rise after Wells Fargo’s decision to upgrade their rating on the stock from ‘equal weight’ to ‘overweight’.
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Statistics Canada reports that preliminary data indicate that June has seen wholesale sales drop by about 4.4%, excluding petroleum products, other hydrocarbons along with oilseed and grain commodities.