By Ketki Saxena
Investing.com --Canada’s main stock index, the S&P/TSX Composite index, were in the green by afternoon trading, reversing the morning’s losses.
On Wall Street, the S&P500 and Nasdaq also climbed as Treasury yields retreated, ahead of earnings this week from Big Tech, including Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Meta and Microsoft (NASDAQ:MSFT).
In Canada, investors are also bracing for a monetary policy decision from the Bank of Canada on Wednesday. Analysts are expecting a rate-hold from the BoC at 5% after last week’s cooler than expected inflation report.
Canadian Stock Market News
Cormark Securities and CIBC (TSX:CM). cut their stock price target on Dye & Durham
Enthusiast Gaming Holdings, a US -based gaming media and entertainment firm, announced that it will voluntarily delist from the Nasdaq Stock Market, concentrating its efforts exclusively on the TSX
Aecon Group announced that its subsidiary, Aecon Utilities Group, had received a C$150 million in investment for a 27.5% stake in the unit from funds managed by the Power Opportunities strategy of Oaktree Capital Management
For earnings, view our earnings calendar.
Canadian Stocks Moving Markets Today
Top Gainers on the TSX Today:
Top Losers on the TSX Today:
- Dye & Durham
- Lithium Americas (TSX:LAAC)
- NorthWest Healthcare
For all Canadian Stocks Moving Markets today, view our Canada Markets Page.
In Canadian Economics
The Bloomberg Nanos Canadian Confidence Index showed that consumer confidence was in negative territory about the economy for the first time in more than six months, as Canadians worry about worsening finances.
For all Canadian economic releases, view our economic calendar.
All currencies Canadian Dollar.