Sponsored by
The S&P/TSX Composite fell 2.0% last week, though it remains up 20.7% YTD, supported by strength in gold miners as gold prices hit record highs above $4,000/oz.
Meanwhile, a strong Canadian labour report eased recession fears, reducing the odds of an immediate Bank of Canada rate cut, though markets still expect further easing later this year amid sluggish growth.
Go from AI overwhelmed to AI savvy professional
AI will eliminate 300 million jobs in the next 5 years.
Yours doesn't have to be one of them.
Here's how to future-proof your career:
Join the Superhuman AI newsletter - read by 1M+ professionals
Learn AI skills in 3 mins a day
Become the AI expert on your team
The TSX rebounded strongly, rising about 7.5% from mid-March lows as a ceasefire in the Middle East eased oil prices and boosted investor sentiment.
In Canada, higher oil prices are expected to push inflation toward ~3% in Q2, squeezing consumers, while a weak labour market and slowing spending could weigh on growth.
Here's a summary of the top-performing and underperforming stocks on the Toronto Stock Exchange (TSX) over the past week:
📈 Top Gainers
Symbol | Name | Last Price (CAD) | % Change |
|---|---|---|---|
Cardinal Energy Ltd Wts | 4.32 | 🟩🟩🟩 +12.79% | |
Orvana Minerals J | 2.01 | 🟩🟩🟩 +12.29% | |
Tantalus Systems Holdings Inc | 5.85 | 🟩🟩🟩 +11.43% | |
Dundee Corp. Cl.A Sv | 4.42 | 🟩🟩🟩 +9.14% |
If you are looking for a great trading platform, check out Interactive Brokers today for some of the lowest commissions - and some of the highest interest paid on your cash balance.
Advertise with Wealth Awesome
Want to get in front of our audience of 20,000+ savvy Canadians ?
📉 Top Decliners
Symbol | Name | Last Price (CAD) | % Change |
|---|---|---|---|
Nouveau Monde Graphite Inc | 2.52 | 🟥🟥 -22.70% | |
Profound Medical Corp | 8.21 | 🟥🟥 -9.68% | |
Docebo Inc | 20.36 | 🟥🟥 -8.25% | |
Cogeco Communications Inc | 61.40 | 🟥🟥 -7.95% |
What Will Your Retirement Look Like?
Retirement looks different for everyone. What it costs, where the income comes from, how long it needs to last. Those answers are specific to you.
The Definitive Guide to Retirement Income helps investors with $1,000,000 or more work through the questions that matter and build a plan around the answers.
Download your free guide to start turning a savings number into an actual retirement income strategy.
Cardinal Energy Ltd Wts completed a $60 million financing through debentures and warrants to strengthen its balance sheet and fund growth projects. The proceeds will mainly be used to reduce debt and support development initiatives, including its thermal projects in Western Canada.
Nouveau Monde Graphite Inc Graphite raised about C$213 million in new funding, attracting major investors, but its stock has fallen sharply in the short term amid concerns around losses and execution risks. While its valuation appears reasonable versus peers, uncertainty remains as investors weigh funding progress against ongoing financial challenges.
Advertise with Wealth Awesome
Want to get in front of our audience of 20,000+ savvy Canadians ?
The Wealth Awesome Team