Ro_Patel
Posted - 1 week ago
Canada in March recorded a surprise trade deficit of C$2.28B (largest in 9 months) vs est of a trade surplus of C$1.50B. Feb's trade surplus was revised down to C$476M from the C$1.39B reported initially.
Total exports fell -5.3% in March mainly due to exports of gold declining from a record high reached in Feb, while imports were down -1.2%, led by electronics and metal ores & non-metallic minerals.
Exports of metal & non-metallic mineral products, which includes the subcategory for gold, decreased -17.4% in March. Crude oil recorded its 5th decrease in 6 months & contributed to the decline in exports of energy products in March.
The decrease in imports was broad-based, w/ 7 of the 11 product sections recording declines. Imports of electronic & electrical equipt & parts were down -8.1% in March, while metal ores & non-metallic minerals were down -29.2% to $1.3B in March, their lowest level since Sept 2021
$FXC $EWC $XIU.TSX $GLD
Ro_Patel
Posted - 2 weeks ago
S&P Global Canada Manufacturing PMI: 49.4 in April vs 49.8 in March (3-month low) Output volumes declined during in April for a 9th successive month as lower sales again led firms to reduce their production levels. New orders fell for a 14th successive month. $EWC $FXC $XIU.TSX
TeresaTrades
Posted - 04/26/24
Heavy options volume $EWC $WSC $WB $BKLN $CLNE
SunAndStorm
Posted - 04/22/24
In fact, $EWC just did that! It's back above the Dec. H and in a Consolidating UpTrend™, Day 2. 2/
G_R_
Posted - 1 month ago
$TSX.TSX $CADUSD $EWC The Loonie is heading back to the bottom of it's two and a half year range in the low 70s. Imagine where it would be if oil was trending lower vs. higher. 😬
Honeystocks
Posted - 03/25/24
The Canadian $TSX is on the verge of a break out to new all time highs. With a 60% weighting heavily skewed toward Financials, Energy and Industrials, there may be some opportunity there if a potential break out sticks the landing. $ACWI $EWC $SPY $SPX
Honeystocks
Posted - 2 months ago
If Canada $EWC is breaking out, what kind of stocks do you think are moving higher? 1 of our Weekend Hotlist ETF picks. Lets see if the break out sticks. $XLE $XOP $XME
Ro_Patel
Posted - 02/21/24
Canada CPI eases to +2.9% y/y in Jan (vs +3.4% increase in Dec) vs est of +3.3% - marks the 1st time since June that the headline rate fell to within the central bank’s control range.
BoC 2 preferred core inflation measures both decelerated, averaging +3.35% (from a downwardly revised +3.6% a month earlier) vs est of +3.6%.
A 3-month moving average of the rates fell to an annualized pace of +3.22% from +3.63% in Dec.
CIBC: “Overall, it appears that the sluggishness in consumer demand is finally impacting pricing in areas of more discretionary spending. That is a positive sign for the Bank of Canada, and will have financial markets pulling forward expectations for a first interest rate cut today, which we see being delivered in June.”
$FXC $EWC $XIU.TSX
Honeystocks
Posted - 01/28/24
Canadian stocks went out at fresh 18 month highs last week after a long period of consolidation. A chart that probably speaks to identifying the best Energy, Materials, Financial, Industrial names. $TSX $EWC
tickeron
Posted - 01/18/24
Does this make you nervous? $EWC price may climb as it broke lower Bollinger Band. View odds of downtrend. https://srnk.us/go/4972470