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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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US Stock Market Set to Open Higher After Blowout Jobs Report and Strong Tech Earnings

 

The US stock market is expected to open higher today after a blowout jobs report and strong earnings from tech giants Amazon and Meta. 

The economy added 353,000 jobs in January, almost double the 185,000 expected by economists. The unemployment rate remained unchanged at 3.7%. Amazon and Meta delivered strong earnings reports on Thursday, with Meta surging more than 17% in premarket trading and Amazon popping nearly 7%. Apple, however, fell as much as 2.5% before the market open, despite an earnings beat, due to warning signs about its China business.

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