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BoC & Fed Decision Day: TSX Rises to 36,171 as Chips Lift Wall Street

  Canada’s main stock index posted a second straight gain on Tuesday , with the S&P/TSX Composite rising 227.30 points, or 0.63%, to 36,171.49 as materials, gold miners and banks outweighed a slide in energy stocks. It sets up a crowded Wednesday: the Bank of Canada decides at 9:45 a.m. ET with markets pricing roughly a 75% to 85% chance of its first rate hike since July 2023, and the U.S. Federal Reserve follows at 2 p.m. ET. Canada: TSX Builds on Monday’s Rebound Materials jumped 3.2% and gold stocks gained 2.7%, while technology edged up 0.8%. Celestica rose nearly 12% after beating third-quarter revenue and profit estimates. The big banks climbed as Canadian bond yields eased: BMO gained 1.2%, CIBC 1.1% and Scotiabank 0.8%. Energy was the drag, falling 2.3% as crude slid. Cenovus Energy dropped 4.4% and Imperial Oil 4.2%. Consumer staples (-1.1%) and telecoms (-1.0%) also lagged. Trade headlines helped sentiment. Reuters reported that the U.S. and Canada are working on a ...
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Wall Street Holds Steady Amid Trump's Tariff Threats

                                       

US stocks showed resilience on Tuesday as investors weighed President-elect Donald Trump's threat to impose fresh tariffs on China, Canada, and Mexico. The S&P 500 inched up roughly 0.3%, while the tech-heavy Nasdaq Composite jumped about 0.4%. However, the Dow Jones Industrial Average dropped 0.3% after hitting a record high.

Trump's pledge to impose tariffs from his first day in office initially sparked trade war fears, but Wall Street seemed to take the news in stride, holding onto gains from Monday's Bessent-bounce. Investors are now closely watching the release of Federal Reserve minutes for clues on the pace of interest rate cuts in the coming year.

European carmakers, particularly Nissan and Honda, faced pressure due to Trump's "America First" push, while the Mexican peso and Canadian dollar dropped sharply. Meanwhile, bitcoin retreated to trade around $92,840 per token as its bid for the $100,000 milestone ran out of steam.




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