Canada Economic and Financial News
Wealthsimple to launch Kalshi-powered prediction market app in Canada
Canadian retail investors are set to gain broader access to regulated event-based trading as Wealthsimple prepares a standalone prediction markets app for launch this summer. The rollout follows ...
Drax investigation closed by FCA after review of market disclosures
The Financial Conduct Authority has ended its investigation into Drax Group PLC after examining the company's disclosures on the sustainability of its Canadian biomass. The regulator says it finds ...
Glacier Credit Card Trust receives provisional ratings for Series 2026-2 notes
Glacier Credit Card Trust is moving ahead with a new credit card asset-backed securities issuance after provisional ratings were assigned to its Series 2026-2 notes. The proposed transaction ...
Robinhood expands into Canada through WonderFi acquisition
Robinhood is entering the Canadian market after closing its $180 million stock acquisition of crypto technology company WonderFi. The deal brings WonderFi's licenses and regulatory approvals under ...
Rogers Communication stock price forecast: $31.76 to $32.55 area in focus as RCI holds steady
Rogers Communication (RCI) is trading at $32.87, slightly up 0.34% on the day and holding firmly below its SMA-20 ($36.85), SMA-50 ($37.98), and SMA-200 ($36.43) levels, confirming ongoing bearish ...
Agnico Eagle Mines stock trades flat amid short-term rally entering overbought zone
Agnico Eagle Mines (AEM) is trading at C$301.64, up 0.53% on the day and continuing its strong upward momentum. The current price is well above the SMA-20 (C$277.75), ...
Manulife Financial stock holds steady after negotiations for Cellnex Swiss deal surface
Manulife Financial Corporation (MFC) is trading at C$51.59, up 0.39% on the day. The price remains comfortably above the SMA-20 (C$48.18), SMA-50 (C$48.73), and SMA-200 ...
Suncor Energy stock slides as revenue for the quarter misses targets
Suncor Energy Inc. (SU) is trading at C$87.98, down 1.60% for the day. The asset trades just below its short-term SMA-20 at C$88.99, indicating weaker short-term ...
+1.11% for Barrick Gold stock as North American production stability takes priority
Barrick Gold Corporation (ABX) is trading at C$60.04, up 1.11% on the day and positioned above the SMA-20 at C$55.95 but just under the SMA-50 at C$60.91. The current ...
Scotiabank stock holds steady as Scotia Intelligence AI platform launch draws attention
The Bank of Nova Scotia (BNS) is trading at C$101.57, marginally softer for the day with a decrease of 0.10%, but is positioned above the SMA-20 (C$96.67), SMA-50 ...
BMO stock consolidates as BMO Institute for Applied Artificial Intelligence & Quantum launch draws attention
Bank of Montreal (BMO) is trading at C$201.92, up 0.19% on the day. The price stands well above the short-, medium-, and long-term moving averages — SMA-20 at ...
Canadian Natural Resources stock falls 2.66% as sellers pressure C$61.00–C$66.00 range
Canadian Natural Resources Limited (CNQ) is trading at C$62.96, down 2.66% on the day. The price is below the SMA-20 (C$66.81) and Kijun (C$65.93), showing short-term ...
Brookfield stock rises as upcoming earnings release set for May 2026 boosts sentiment
Brookfield Corporation (BN) is trading at C$61.45, well above the MA-20 (C$55.67) and MA-50 (C$58.68), indicating strong short- and medium-term bullish momentum, but ...
Enbridge stock trades flat as Massachusetts Financial Services cuts stake
Enbridge Inc. (ENB) is trading at C$73.08, down 0.91% on the day. The price sits below the 20-day SMA (C$74.81) and Ichimoku Kijun level (C$74.61), both now acting as ...
Conflict of interest under FINRA Rule 5121 keeps Toronto Dominion Bank stock steady
Toronto Dominion Bank (TD) is trading at C$140.52, marking a decrease of 0.11% from the previous session. The asset remains well above its key short-, medium-, and ...
Royal Bank of Canada stock consolidates as quarterly earnings beat analyst estimates
Royal Bank of Canada (RY) is trading at C$239.24, up 0.10% on the day, maintaining a position well above key short-, medium-, and long-term moving averages. The price ...
Rogers Communications stock consolidates as price stalls near $36.42 resistance
Rogers Communications Inc. (RCI) is trading at $32.75 after a daily gain of 0.96%. The stock remains notably below its SMA-20 at $37.15, SMA-50 at $38.10, and SMA-200 at $36.41, highlighting ...
-1.52% for Agnico Eagle Mines stock as further upside is capped near resistance
Agnico Eagle Mines Limited (AEM) is trading at C$297.69 after slipping 1.52% on the day. The share price remains above the SMA-20 (C$276.99), SMA-50 (C$291.02), and ...
Barrick Gold stock drops with price holding near session lows
Barrick Gold Corporation (ABX) is trading at C$59.01, marking a daily drop of 2.09%. The price is currently positioned above the SMA-20 (C$55.88), below the SMA-50 ...
Manulife Financial stock consolidates as price trades well above key averages
Manulife Financial Corporation (MFC) is trading at C$50.65, rising 0.18% on the day. The price stands above its SMA-20 (C$47.90), SMA-50 (C$48.74), and SMA-200 ...
Suncor Energy stock consolidates as price steadies within C$89.00 to C$92.00 range
Suncor Energy Inc. (SU) is trading at C$90.15, up 0.96% on the day. The price is holding above its SMA-20 (C$88.61), SMA-50 (C$81.02), and SMA-200 (C$63.93), confirming ...
