HDQ Market Desk

Market Desk

A Flat TSX Close Masked a Sharp Split Underneath, and Today Brings a Bigger Test

The TSX Composite closed nearly unchanged Thursday even as banks fell and gold miners rallied sharply, with today's session set to turn on whether the US and Canada finalize a trade deal before tonight's tariff deadline.

Aug 21, 2026 6 min Read →

Market

The TSX Gave Back a 127-Point Tariff Rally as Financials Sold Off Into the Close

The TSX Composite closed nearly flat after gold miners and Canadian banks moved double digits in opposite directions, while US indices fell broadly on a semiconductor selloff ahead of the FOMC minutes.

Aug 20 6 min Read →

Market

The TSX Fell 0.82 Percent Tuesday. Celestica Fell 8.4 Percent. That Gap Is the Real Story.

Banks and miners fell, energy rose, and a semiconductor selloff that started in the US spread to South Korea overnight.

Aug 19 6 min Read →

Recent — Market

Market The TSX Fell 0.17%. The Bond Market Move Underneath It Is the Number That Matters Tuesday

Energy and gold names had a strong Monday. Technology and rate-sensitive names didn't. The 30-year Treasury yield hitting its highest close since 2007 is what decides which story wins Tuesday.

Aug 18 6 min

Market The TSX Closed Friday Down 0.08%. Monday's Open Shows Oil, Gold and the VIX All Moving the Same Direction.

Toronto retreated from a record close on tech weakness and soft US data. The overnight tape shows a risk-off tilt across commodities and volatility as the Hormuz ceasefire formally expires today.

Aug 17 5 min

Market The TSX Hit Its Fourth Straight Record. The Advance Wasn't Broad.

Financials and technology carried the index to 36,759.29 while energy lagged and breadth stayed tight, even as bond yields hit a two year high.

Aug 14 6 min

Market The TSX's Fourth Record Close Was Built on Financials and Gold, Not Energy

Wednesday's record TSX session came with a 12 percent single stock surge and a near 5 percent single stock decline on the same day. The sector rotation underneath the headline number is the more durable signal.

Aug 13 6 min

Market The TSX Hit a Third Straight Record. Every Major US Index Fell the Same Day.

Canadian energy and industrial strength pushed the TSX composite to 36,475.92 on Tuesday, even as the Dow, S&P 500, and Nasdaq all closed lower on fading Hormuz optimism.

Aug 12 6 min

Market TSX Closes at a Record 36,468 as Oil Names Surge and Barrick Sinks 6.45 Percent

Strathcona Resources led an 8.74 percent gain on rising Hormuz-driven crude, while Monday's worst performers fell on unrelated company-specific news.

Aug 11 6 min

Market The TSX Hit a Record Friday on Gold. Monday's Open Favours Oil Instead.

Gold miners carried the index to 36,381.23 while banks lagged on BoC risk. Monday's early tape already shows oil reclaiming the leadership gold held Friday.

Aug 10 6 min

Market The TSX Barely Moved Thursday While ATS Corp Fell 27%, and Friday's Jobs Data Points the Index Higher

A quiet 0.03% index decline masked a 27% single-stock collapse and a 13% share-offering hit, while a blowout Canadian jobs report set up a stronger Friday open.

Aug 7 6 min

Market The TSX Hit a Record for the Second Straight Session. Two of the Day's Biggest Earnings Beats Fell Anyway.

Shopify's 16.5% surge and a broad gold miner rally carried the index to 36,146.42. Thomson Reuters and Suncor Energy both beat estimates and both closed lower, a split the headline number does not show.

Aug 6 6 min

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