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We are approaching the halfway mark for 2022, and it has been quite a volatile year for equity markets so far. Year-to-date, the S&P/TSX Composite Index is ...

Year-to-date, the S&P/TSX Composite Index is down 4.5 per cent with the Index now trading near trough levels on a forward price-to-earnings (P/E) basis. In addition, an outlier (extreme target price) can skew the average target price, to the upside or downside, particularly when the number of analysts covering a stock is low. According to Bloomberg, the S&P/TSX Composite Index is trading at a forward P/E multiple of 12.1 times, well below its 10-year historical average of 14.4 times.

TORONTO — Canada's main stock index fell more than 400 points in early trading to drop below the 20000-mark, while U.S. stock markets also plunged to start ...

A continued downside movement across global equities markets and a weakness in commodity prices could pull the TSX benchmark lower today.

All key Asian indexes ended Monday deep in the red territory, while the stock indexes in Europe were also continuing their downward movement. In addition, commodity prices across the board — especially metals — were falling early this morning. However, growth investors may want to keep an eye on SHOP stock price movement for early signs of a reversal, as Shopify’s long-term growth outlook remains strong.

Canada's main stock index extended losses on Monday, led by declines in energy and gold stocks amid fears of aggressive policy tightening by the Federal…

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The TSX composite opened the trading day on Monday with a steep selloff of roughly 2 per cent, putting the index in correction territory from its all-time ...

South of the border, the latest consumer price index came in at 8.6 per cent year-over-year. The S&P 500 is now in a bear market, down 20 per cent from its record high. The TSX composite sold off by more than two per cent mid-day Monday, putting the index in correction territory -- meaning it’s down 10 per cent from its all-time high earlier this year. Cryptocurrencies were also under pressure, with Bitcoin hitting 18-month low to trade below US$24,000. The TSX composite sold off by more than two per cent mid-day Monday, putting the index in correction territory -- meaning it’s down 10 per cent from its all-time high earlier this year. Annual inflation in Canada rose to 6.8 per cent in the month of April to reach a three decade high.

Sadiq Adatia, CIO at BMO Global Asset Management, joins BNN Bloomberg to discuss his market outlook as market sell-off continues. Adatia notes the Canadian ...

Investing.com -- At 10:00 a.m in Toronto, the S&P/TSX Composite Index was at 19,784.96 points, down 2.42% in the day's trading and officially into correction ...

The U.S. central bank is widely expected to raise the interest rates by another 50 basis points. On Wall Street, the S&P 500 is also set for a bear market, down 20% from its peak. Sentiment this week will be driven by the Federal Reserve's policy meeting on Wednesday, June 15. The current volatility in the market and uncertainty over the future trajectory of the economy could keep investors from investing in stocks. Canada’s commodity-heavy index was also pressured by crude, following news of a new COVID-19 outbreak in Beijing. The Canadian dollar was also hurt by weaker market sentiment and lower crude prices, while demand for the safe-haven greenback soared. Investing.com -- At 10:00 a.m in Toronto, the S&P/TSX Composite Index was at 19,784.96 points, down 2.42% in the day’s trading and officially into correction territory from its all time high.

In New York, the Dow Jones industrial average was down 568.76 points at 30,824.03. The S&P 500 index was down 92.78 per cent at 3,808.08, while the Nasdaq ...

The August gold contract was down US$34.00 at US$1,841.50 an ounce and the July copper contract was down eight cents at US$4.21 a pound. The July crude contract was down 98 cents at US$119.69 per barrel and the July natural gas contract was up six cents at US$8.91 per mmBTU. In New York, the Dow Jones industrial average was down 568.76 points at 30,824.03. The S&P 500 index was down 92.78 per cent at 3,808.08, while the Nasdaq composite was down 321.40 points at 11,018.62,

Stocks throughout North America were roughed up in the worst way Monday, as investors showed their apprehension about rising interest rates aimed at taming ...

Though some economists after the hot CPI report believed the Fed could even raise rates by 0.75% this week. Shares of Boeing tunneled 9%, Salesforce cratered 6%, and American Express fell about 5%, dragging down the Dow as recession fears picked up. The NASDAQ Composite plunged 530.80 points, or 4.7%, to 10,809.23. The TSX Venture Exchange was hammered 32.8 points, or 4.7%, to 671.90. The S&P 500 stumbled 151.23 points, or 3.9%, to 3,749.63, to its lowest level since March 2021, bringing its losses from its January record to more than 21%. The Dow Jones Industrials handed back 876.05 points, or 2.8%, to 30,516.74. The Federal Reserve is expected to announce at least a half-point rate hike on Wednesday. The Fed has already raised rates twice this year, including a 50-basis-point (0.5 percentage point) increase in May in an effort to stave off the recent inflation surge. The S&P/TSX plummeted 532.26 points, or 2.6%, to close Monday at 19,742.56. Cannabis companies proved the biggest losers on the day, with Aurora Cannabis down 18 cents, or 10.2%, to $1.59, while Canopy Growth faded 39 cents, or 8.4%, to $4.25. The Canadian dollar lost 0.58 cents to 77.56 cents U.S. Fortuna Silver Mines backpedaled 53 cents, or 11.3%, to $4.15, while K92 Mining lost $1.11, or 11.3%, to $8.76. Gold and other resources took it on the chin Monday, Alamos Gold sank 86 cents, or 8.3%, to $9.53, while IAMGOLD Corp. backed off 32 cents, or 10.8%, to $2.64.

Athabasca Oil Corp. (TSX:ATH). Energy. Up three cents, or 0.9 per cent, to $3.21 on 13.8 million shares. Suncor Energy Inc. (TSX:SU).

The company announced Monday a deal to sell its 50 per cent stake in the Sunrise oilsands project in northern Alberta to Cenovus Energy Inc. Under the agreement, Calgary-based Cenovus will pay $600 million in cash plus a variable payment with a maximum cumulative value of $600 million expiring after two years. The company currently holds an interest in six exploration licenses in the offshore Eastern Newfoundland Region. BP is the latest international player to depart the Canadian oilsands, following on the heels of major companies such as Norwegian oil giant Equinor ASA — formerly Statoil — which completed its exit from the region last year when it sold its 18.8 per cent stake in Athabasca Oil Corp. He said the company should avoid getting into another governance spat similar to the dramatic and very public family power struggle that played out last year and began when son and corporate chair Edward Rogers attempted to oust then chief executive Joe Natale. Crescent Point Energy Corp. (TSX:CPG). Energy. Down 59 cents, or 4.5 per cent, to $12.51 on 10.4 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Down 37 cents, or 4.2 per cent, to $8.45 on 11.2 million shares. Richard LeBlanc, professor of governance and law York University, said the company should take a “deliberative, slow and thoughtful” approach when deciding how to fill Loretta Rogers’ seats on the company’s board and on the advisory committee of the Rogers Control Trust. The Rogers Control Trust, which consists largely of Rogers family members, is an entity that holds voting control of the company and determines who makes up the corporate board of directors. Cenovus Energy Inc. (TSX:CVE). Down $1.01 or 3.4 per cent to $29.08. British energy giant BP is exiting the Alberta oilsands to focus on offshore oil development instead. Suncor Energy Inc. (TSX:SU). Energy. Down $1.74, or 3.3 per cent, to $51.04 on 12.3 million shares. Athabasca Oil Corp. (TSX:ATH). Energy. Up three cents, or 0.9 per cent, to $3.21 on 13.8 million shares. Enbridge Inc. (TSX:ENB). Energy. Down $1.44, or 2.5 per cent, to $56.74 on 14.8 million shares. With a July 31 deadline for the Rogers-Shaw transaction, LeBlanc said it is crucial for the company to keep its eye on the ball: the takeover. UEX Corp. (TSX:UEX). Materials. Up eight cents, or 28.1 per cent, to 36.5 cents on 15.3 million shares.

Canada's main stock index moved into correction territory to start the trading week as hot U.S. inflation accelerated worries of a supercharged interest ...

Bitcoin lost 12.4 per cent to US$23,255 from last year's peak of US$68,991. Celsius is partly owned by the Caisse de depot et placement du Quebec. Our team is closely monitoring the situation, stated spokeswoman Kate Monfette. That's setting up anticipation that the U.S. Federal Reserve could announce a 75 basis point rate increase on Wednesday to tackle inflation, up from earlier forecasts for a 50 point increase. Two-year U.S. bond yields temporarily inverted with 10-year bond yields, a potential sign of recession. THE CANADIAN PRESS/Darren Calabrese The July crude contract was up 26 cents at US$120.93 per barrel and the July natural gas contract was down 24.1 cents at US$8.61 per mmBTU. The 10-year U.S. Treasury climbed to an 11-year high of 3.373 per cent in late afternoon while the Canada 10-year government bond was 3.519 per cent. Although crude oil prices were relatively flat on the day, the energy sector lost 3.1 per cent with Vermilion Energy Inc. down 5.8 per cent. In New York, the Dow lost 876.05 points to 30,516.74. The S&P 500 index was down 151.23 points to 3,749.63, while the Nasdaq decreased 530.79 points or 4.7 per cent to 10,809.23. U.S. stock markets suffered larger declines as the S&P 500 joined Nasdaq in bear market territory by falling more than 20 per cent from their recent highs, while the Dow Jones industrial average, like the TSX, was in correction territory with a 10 per cent drop. The S&P/TSX composite index had its second-worst day of the year by closing down 532.26 points or 2.6 per cent to 19,742.56 after falling as much as nearly 672 points in earlier trading.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19742.56, down 532.26 points.) UEX Corp.

The company announced Monday a deal to sell its 50 per cent stake in the Sunrise oilsands project in northern Alberta to Cenovus Energy Inc. Under the agreement, Calgary-based Cenovus will pay $600 million in cash plus a variable payment with a maximum cumulative value of $600 million expiring after two years. The company currently holds an interest in six exploration licenses in the offshore Eastern Newfoundland Region. BP is the latest international player to depart the Canadian oilsands, following on the heels of major companies such as Norwegian oil giant Equinor ASA — formerly Statoil — which completed its exit from the region last year when it sold its 18.8 per cent stake in Athabasca Oil Corp. He said the company should avoid getting into another governance spat similar to the dramatic and very public family power struggle that played out last year and began when son and corporate chair Edward Rogers attempted to oust then chief executive Joe Natale. Crescent Point Energy Corp. (TSX:CPG). Energy. Down 59 cents, or 4.5 per cent, to $12.51 on 10.4 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Down 37 cents, or 4.2 per cent, to $8.45 on 11.2 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down $1.74, or 3.3 per cent, to $51.04 on 12.3 million shares. Richard LeBlanc, professor of governance and law York University, said the company should take a "deliberative, slow and thoughtful" approach when deciding how to fill Loretta Rogers' seats on the company's board and on the advisory committee of the Rogers Control Trust. The Rogers Control Trust, which consists largely of Rogers family members, is an entity that holds voting control of the company and determines who makes up the corporate board of directors. Athabasca Oil Corp. (TSX:ATH). Energy. Up three cents, or 0.9 per cent, to $3.21 on 13.8 million shares. Cenovus Energy Inc. (TSX:CVE). Down $1.01 or 3.4 per cent to $29.08. British energy giant BP is exiting the Alberta oilsands to focus on offshore oil development instead. Enbridge Inc. (TSX:ENB). Energy. Down $1.44, or 2.5 per cent, to $56.74 on 14.8 million shares. With a July 31 deadline for the Rogers-Shaw transaction, LeBlanc said it is crucial for the company to keep its eye on the ball: the takeover. UEX Corp. (TSX:UEX). Materials. Up eight cents, or 28.1 per cent, to 36.5 cents on 15.3 million shares.

Canada's main stock index opened lower on Monday, dragged down by weakness in resource-linked shares and fears of aggressive policy tightening by the ...

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