Canadian Market Continues To Climb Higher; TSX Up Modestly At Noonfxcue.com

(fxcue news) - The Canadian market has moved on to a new record high on Friday, lifted by gains in technology, industrials and materials sectors, as investors continue to remain optimistic about more interest rate reductions by the central bank. Data showing a slowdown in Canadian GDP growth in the third-quarter is limiting market's upside. The benchmark S&P/TSX Composite Index, which rose to 25,650.60, is up 69.37 points or 0.27% at 25,612.89 a fewe minutes past noon. Data from Statistics Canada showed the Canadian GDP expanded by 0.3% from the earlier quarter in the three months to September of 2024, slowing from 0.5% expansions in the first two quarters of the year. The Canadian economy expanded an annualized 1% in the third quarter, following an upwardly revised 2.2% growth in the second quarter. A report from the Canadian Federation of Independent Business said small business sentiment in Canada increased to 59.70 points in November from 55.80 points in October of 2024. Small Business Sentiment in Canada reached an all time high of 74.07 points in April of 2002 and a record low of 30.84 points in March of 2020. Telesat Corporation (TSAT.TO) is zooming nearly 12%. Hut 8 Corp (HUT.TO) is up 5%, Cogeco Communications (CCA.TO) is gaining 3.2% and Cogeco Inc (CGO.TO) is advancing 2.3%. Shopify Inc (SHOP.TO), Kinaxis Inc (KXS.TO), Ag Growth International (AFN.TO), Senvest Capital (SEC.TO), Cameco Corporation (CCO.TO), Bombardier Inc (BBD.B.TO), AtkinsRealis (ATRL.TO), Canadian Pacific Kansas City (CP.TO) and BRP Inc (DOO.TO) are up 1 to 2.2%. Morguard Corporation (MRC.TO), Brookfield Renewable Corporation (BEPC.TO) and BCE Inc (BCE.TO) are notably lower.

Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

European Shares Poised For Mixed Open

India GDP Growth Slowest In 7 Quarters On Weak Manufacturing

European Markets Close On Firm Note

Australian Market Notably Higher

Pound Weakens Despite BoE's Slower Rate Cut Prospects

Eurozone Inflation Accelerates To 2.3%

Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

Japanese Market Slightly Lower

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12/27 Gold Day Short term Strategy Reference:1. First fall back, first see around 2623. Short buy again, lose 2615, target at 2643-2655-2673! 2. Rush high for the first time. Short sell at any time around 2655-58, with a loss of 2660. Target at 2643-2633-2623!

Buy long for spot gold at 2628 or 24, and sell short when it first rises close to 2644 or 2654. Last night, buy long around 2621 and sell short around 2639. Crude oil prices have increased from over 70 to 70.7, but short selling around 71 has not been achieved.

Buy near gold 2622, protect 2612, target 2634-2642;

Today's spot gold is in the short-term range of 2640-2620; Low absorption and high selling within the range; If it stabilizes at 2640-2645, it is necessary to buy long in the short term with a bullish trend; 2640-2645 is the position of the strong weak boundary point;

Today's spot gold operation is considering a pullback layout, with buying long orders as the main strategy and short selling high as a supplement. The upper focus is on the resistance of $2640-2657, and the lower focus is on the support of $2622-2613.

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

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Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

European Shares Poised For Mixed Open

India GDP Growth Slowest In 7 Quarters On Weak Manufacturing

European Markets Close On Firm Note

Australian Market Notably Higher

Pound Weakens Despite BoE's Slower Rate Cut Prospects

Eurozone Inflation Accelerates To 2.3%

Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

Japanese Market Slightly Lower

Please sign in

Trader

12/27 Gold Day Short term Strategy Reference:1. First fall back, first see around 2623. Short buy again, lose 2615, target at 2643-2655-2673! 2. Rush high for the first time. Short sell at any time around 2655-58, with a loss of 2660. Target at 2643-2633-2623!

Buy long for spot gold at 2628 or 24, and sell short when it first rises close to 2644 or 2654. Last night, buy long around 2621 and sell short around 2639. Crude oil prices have increased from over 70 to 70.7, but short selling around 71 has not been achieved.

Buy near gold 2622, protect 2612, target 2634-2642;

Today's spot gold is in the short-term range of 2640-2620; Low absorption and high selling within the range; If it stabilizes at 2640-2645, it is necessary to buy long in the short term with a bullish trend; 2640-2645 is the position of the strong weak boundary point;

Today's spot gold operation is considering a pullback layout, with buying long orders as the main strategy and short selling high as a supplement. The upper focus is on the resistance of $2640-2657, and the lower focus is on the support of $2622-2613.

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

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