The Market News Reel for this week! Get the most important market news & updates for the week ahead! Major headlines, excerpts from news sources are shown below. "Breaking Thoughts" section is purely our opinion.
Canadian Stocks at Record, Powered by Commodities
"The rally in miners and energy stocks this year has propelled Canada’s stock market to a record high as investors piled into producers of crude oil and gold amid rising geopolitical tensions.
The S&P/TSX Composite Index gained 1.4 per cent Thursday to close at a record high, its first since Nov. 12 with traders on the hunt for havens as the ongoing war in Ukraine fueled market jitters.
Shares of energy and materials companies have been strong this year, making them the two best-performing groups in Canada as markets reel from a tight oil market, economic growth uncertainty and a rising interest-rate environment." - read more on BNN here
Major Earnings This Week
Monday March 21:
Nike (NKE): Expected Q3 earnings of $0.72 per share
Mogo (MOGO): Expected Q4 earnings of $-0.14 per share
Tuesday March 22:
Adobe (ADBE): Expected Q1 earnings of $3.34 per share
Wednesday March 23:
Cintas (CTAS): Expected Q3 earnings of $2.43 per share
General Mills (GIS): Expected Q3 earnings of $0.78 per share
Thursday March 17:
Nio (NIO): Expected Q4 earnings of $-2.97 per share
Major IPOs Expected This Week
None
See you next week!
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