World markets mixed, TSX closed... Big banks prepare to reveal earnings... Quebec delegation to Israel hopes for trade links...
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World markets mixed, TSX closed
Equity markets were mixed Monday while the Toronto Stock Exchange was closed for the Victoria Day holiday.
Wall Street was boosted by Donald Trump’s international visits, which have already led to new trade deals being signed. The three main Wall Street indexes closed higher, with the Nasdaq leading following news of a new tech investment fund raising $93 billion.
European indexes were broadly lower as markets digested current events. Again, tech firms gained on news of their potential investment from the Saudi/Softbank-led fund. London’s FTSE outperformed as the pound weakened.
The S&P/TSX Composite Index was closed for Victoria Day.
The Dow Jones closed up 89.99 (0.43 per cent)
Oil is trending higher (Brent $53.78, WTI $50.81 at 4.35pm)
Gold is trending higher (1260.40 at 4.35pm)
The loonie is valued at U$0.7404
Big banks prepare to reveal earnings
The latest round of quarterly results from Canada’s big banks will be revealed this week.
Expectations are high as banks benefit from a strengthening oil sector and rising US interest rates but there are still headwinds. The size of household debt and the potential risks in the housing market will be closely watched in the banks’ financial reports.
BMO is the first to report, on Wednesday; followed by RBC, TD and CIBC on Thursday. Scotiabank reports on Tues May 30.
The sector will be hoping to re-focus the attention onto positive aspects following the recent Home Capital issues.
Quebec delegation to Israel hopes for trade links
A 100-strong delegation from Quebec is hoping to build strong trade links with Israel.
Along with the province’s premier Philippe Couillard are representatives from the business and academic sectors, with the tech sector among the key areas for discussion. Israel and Quebec have both made considerable advances in the technology.
Couillard will meet with the prime ministers of both Palestine and Israel during his visit to the region.
Equity markets were mixed Monday while the Toronto Stock Exchange was closed for the Victoria Day holiday.
Wall Street was boosted by Donald Trump’s international visits, which have already led to new trade deals being signed. The three main Wall Street indexes closed higher, with the Nasdaq leading following news of a new tech investment fund raising $93 billion.
European indexes were broadly lower as markets digested current events. Again, tech firms gained on news of their potential investment from the Saudi/Softbank-led fund. London’s FTSE outperformed as the pound weakened.
The S&P/TSX Composite Index was closed for Victoria Day.
The Dow Jones closed up 89.99 (0.43 per cent)
Oil is trending higher (Brent $53.78, WTI $50.81 at 4.35pm)
Gold is trending higher (1260.40 at 4.35pm)
The loonie is valued at U$0.7404
Big banks prepare to reveal earnings
The latest round of quarterly results from Canada’s big banks will be revealed this week.
Expectations are high as banks benefit from a strengthening oil sector and rising US interest rates but there are still headwinds. The size of household debt and the potential risks in the housing market will be closely watched in the banks’ financial reports.
BMO is the first to report, on Wednesday; followed by RBC, TD and CIBC on Thursday. Scotiabank reports on Tues May 30.
The sector will be hoping to re-focus the attention onto positive aspects following the recent Home Capital issues.
Quebec delegation to Israel hopes for trade links
A 100-strong delegation from Quebec is hoping to build strong trade links with Israel.
Along with the province’s premier Philippe Couillard are representatives from the business and academic sectors, with the tech sector among the key areas for discussion. Israel and Quebec have both made considerable advances in the technology.
Couillard will meet with the prime ministers of both Palestine and Israel during his visit to the region.
