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Weekly Market Snapshot: TSX Rises as Oil Rebounds and U.S. Markets Cool

  TSX Edges Higher on Energy Strength The TSX posted a modest gain this week, supported by rising energy and financial stocks as oil prices rebounded from recent lows. Investor sentiment improved as commodity demand projections stabilized and geopolitical tensions eased. S&P 500 Cools After Strong Run The S&P 500 paused its recent rally, with tech names seeing mild pullbacks as traders reassessed earnings expectations and upcoming Federal Reserve commentary. Defensive sectors saw renewed interest as investors rotated toward value. Oil Rebounds, Supporting Canadian Markets Oil prices climbed on supply concerns and improving global demand forecasts. The rebound helped lift Canadian energy producers and contributed to the TSX’s relative outperformance. Canadian Dollar Holds Steady The CAD traded in a narrow range, balancing stronger commodity prices against softer domestic economic data. Markets continue to watch for Bank of Canada signals on future rate direction. Wi...
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Canada’s Job Market Slows Down in October



Canada's job market showed signs of slowing down in October, as the economy added fewer jobs than expected and the unemployment rate rose to its highest level in 21 months.

 According to a Reuters report, the Canadian economy added a net 17,500 jobs in October, which is lower than the consensus forecast of 22,500. The gains were mostly in part-time work, while full-time employment declined slightly. The construction sector and the information, culture and recreation sector were the main contributors to the job growth, while retail trade and manufacturing lost workers.

The jobless rate increased by 0.2 percentage points to 5.7%, the fourth monthly rise in the past six months. The increase was partly due to more people entering the labor force, which grew by 57,800 in October. The unemployment rate is now at the highest level since January 2022, when it was 6.5%. 





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