Equities in Canada’s largest centre managed gains late Friday, the second last day of a momentum November, as growth in health-care and tech stocks carried the day.

The TSX pulled out of the hole it was in early Friday and gained 45.22 points to end the session at 17,396.56. The gain for the week was 377 points, or 2.22%.

The Canadian dollar regained 0.18 cents to 76.98 cents U.S.

Health-care stocks led the field, with Aurora Cannabis showing gains of $2.18, or 18.7%, to $13.83, while Trillium Pharmaceuticals scaled $2.13, or 8.8%, to $26.31.

Among techs, Lightspeed POS surged $3.39, or 5%, to $71.89, while BlackBerry picked up 25 cents, or 3.2%, to $7.98.

In the consumer staples field, Saputo rallied 68 cents, or 1.9%, to $36.05, while Jamieson Wellness tallied 64 cents, or 1.8%, to $35.61.

Real-estate proved the biggest anchor, with Brookfield Property Partners units dropping 73 cents, … Read the rest



Economic Lookahead

Chicago Purchasing Managers Index (Nov.)

Pending Home Sales Index (Oct.)

Featured Earnings

Adient (NYSE: ADNT) (Q4) EPS projected for 96 cents, compared to 63 cents in the prior-year quarter.

Zoom Video Communications, Inc. (NASDAQ: ZM) (Q3) EPS projected for 57 cents, compared to one cent in the prior-year quarter.

New Jersey Resources (NYSE: NJR) (Q4) EPS projected for 57 cents, compared to 29 cents in the prior-year quarter.


Economic Lookahead

Industrial Product Price Index (Oct.) The index edged down 0.1% in September, led by lower prices for energy and petroleum products.

Raw Materials Price Index (Oct.) The index fell 2.2%, pulled downward mainly by lower prices for crude energy products.

Building Permits (Sept.) The total value of building permits rose 1.7% to $8.1 billion in August, driven by an increase in the residential sector in Ontario and Quebec.

Featured Earnings

1933 Industries Inc. (C.TGIF) (Q4) Read the rest

The electric vehicle boom has been one of the few bright spots for investors in 2020.

Tesla has seen its stock price climb by more than 445% this year.

NIO stock has soared by more than 1070%.

And even charging companies like PLUG have seen their stock price rise by more than 630%.

In what has been a perfect storm for this nascent sector, traditional companies have seen their value destroyed, the world’s biggest hedge funds have started to redirect their investments towards ESG stocks and multiple governments are preparing for a clean energy transition as the COVID recovery begins.

But amidst all this good news – and what seems to be an irreversible shift in sentiment in global markets – one of the most impressive EV developments of the decade seems to have gone under the radar.

The EV industry has finally solved its most pressing problem: accessibility.

Electric … Read the rest

The Canadian dollar continued to consolidate this week’s gains in an uneventful and quiet overnight session. USD/CAD traded narrowly in a $1.2993-$1.3012 range and is trading in Toronto in the middle of that band.

The Canadian dollar is benefiting from widespread, positive risk sentiment, which has led to substantial gains in AUD/USD and NZD/USD. The news of successful coronavirus vaccine tests unleashed a torrent of demand for the so-called “risk assets,” and helped to send crude oil prices skyrocketing.

West Texas Intermediate (WTI) the North American crude oil benchmark price touched $46.20 yesterday, a 37% increase from where it was at the start of November. The Organization of the Petroleum Exporting Countires and friends played a large role in the price surge after they leaked plans to extend existing production levels until March 2021.

AUD/USD and NZD/USD led the move higher because of their close trade relationship with China and … Read the rest

Hedge fund bulls say Tesla (NASDAQ:TSLA) is on its way to a $2-trillion market cap after gaining 400% this year … It’s already worth 5X the combined value of giants Ford and GM, and it’s an industry disrupter that’s making millionaires out of anyone who ties-in with them.

And the auto industry disruption tie-ins are many, varied… and potentially lucrative.

From new EV startups and batteries or fuel cells …

To ride-sharing with an ESG twist and car subscription companies that are challenging our ideas of ownership.

The ideas are racking up, and the growth runway potentials are phenomenal.

EV startup NIO (NYSE:NIO) has gained over 1500% this year.

EV charging stock Blink (NYSE:BLNK) has gained 1400% YTD.

Now, mergers and consolidations are the name of this game as all the tie-ins fight for market share.

EV startup Fisker (NYSE:FSR) opted to go public, and acquired Spartan Energy (SPAQ).

Food … Read the rest

Futures for equities in Canada’s largest market rose on Tuesday, as a third promising COVID-19 vaccine spurred hopes of a quicker economic recovery and pushed up oil prices to its highest since March.

The TSX gained 75.43 points to close Monday at 17,094.53.

The Canadian dollar raised itself 0.13 cents Tuesday at 76.62 cents U.S.

December futures added 0.6% Tuesday.

RBC raised the target price on Canadian Pacific Railway to $506.00 from $451.00

Jefferies raised the target price on First Quantum Minerals to $33.00 from $20.00

Jefferies raised the target price on Sierra Metals to $4.00 from $2.75


The TSX Venture Exchange finished 3.24 points in the green Monday at 743.69.


U.S. stock futures climbed early Tuesday in relief over the Trump administration’s move to begin the transition process.

Futures for the Dow Jones Industrials sprang 303 points, or 1%, to 29,843.

Futures for the S&P … Read the rest

Gold prices were already on a tear amid wild pandemic, economic and electoral uncertainty, with big banks predicting $3,000 gold …

Or even $5,000 gold …

Right before Biden’s electoral victory, JPMorgan had called another 5% price hike in a “blue wave”.

Though Trump loves gold and adorns everything with the precious metal, the precious metal itself was banking on a Biden win.

Why? Because what it loves more than anything is the Biden-backed promise of monetary stimulus.

Historically, gold has risen consistently on similar economic packages…

And today is no different.

But the best way to take advantage of a transformative year for gold is at the center of the next major discovery …

Where will the next major gold discovery be?

The Canadian province of Quebec has long been renowned as a hotspot for gold seekers across the globe….

But that doesn’t mean its time in the spotlight … Read the rest

Stock markets in Canada’s largest centre ended the week on a hot streak, as gains in tech and resource stocks lit up the index on Friday, despite rising coronavirus cases globally weighing on sentiment.

The TSX rocketed 109.29 points to end Friday at 17,019.10, within sight of its close on New Year’s Eve, and up 343 points, or 2.06%, on the week .

The Canadian dollar demurred 0.01 cents to 76.40 cents U.S.

Techs, as mentioned, shone the brightest light, as Lightspeed POS took flight $4.09, or 7%, to $59.89, while BlackBerry gained 51 cents, or 7.3%, to $7.52.

In resource stocks, First Quantum Minerals climbed 61 cents, or 3.6%, to $17.40, while Hudbay Minerals picked up 22 cents, or 2.9%, to $7.76.

In utilities, Northland Power acquired $1.69, or 4.1%, to $42.78, and Boralex advanced $1.32, or 3.5%, to $39.29.

Industrials faded, as Air Canada lost 66 cents, or … Read the rest



Economic Lookahead

Markit Manufacturing Purchasing Managers Index (preliminary) (Nov,)

Markit Services PMI (Nov.)

Featured Earnings

Agilent Technologies Inc. (NYSE: A) (Q4) EPS projected of 91 cents, compared to 89 cents in the prior-year quarter.

Korn Ferry (NYSE:KFY) (Q2) EPS projected for loss of four cents, compared to a gain of 81 cents in the prior-year quarter.

Nutanix (NASDAQ:NTNX) (Q1) EPS projected for loss of 95 cents, compared to a loss of $1.14 in the prior-year quarter.



Economic lookahead

Case-Shiller National Home Price Index (Sept.)

Consumer Confidence Index (Nov.)

Featured Earnings

American Eagle Outfitters (NYSE: AEO) (Q3) EPS projected for 33 cents, compared to 48 cents in the prior-year quarter.

Burlington Stores, Inc. (NYSE: BURL) (Q3) EPS projected for 19 cents, compared to $1.55 in the prior-year quarter.

Dell Technologies (NYSE: DELL) (Q3) EPS projected for $1.36 compared to $1.47 in the prior-year quarter.

HP Inc. (NYSE: Read the rest

Pfizer (NYSE:PFE) and BioNTech (NASDAQ:BNTX) will apply Friday for an emergency use authorization from the Food and Drug Administration for their coronavirus vaccine.

If Pfizer’s application is approved, the vaccine will likely be limited and rolled out in phases, with health-care workers, the elderly and people with underlying health conditions getting the first inoculations. Essential workers, teachers and people in homeless shelters and prisons would likely be next, followed by children and young adults.

The FDA process is expected to take a few weeks, and an advisory committee meeting to review the vaccine has been tentatively scheduled for early December. Some Americans could get their first dose of the vaccine in about a month.

Friday’s announcement came two days after Pfizer said a final data analysis found its coronavirus vaccine with BioNTech was 95% effective in preventing Covid, was safe and appeared to fend off severe disease.

The final analysis … Read the rest