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The Bank of Canada held its benchmark interest rate steady on Wednesday but said it’s prepared to adjust monetary policy if needed amid a global oil price shock that risks reigniting inflation. As widely expected,…

The U.S. Federal Reserve left short-term interest rates unchanged for the second straight meeting. In a statement, the central bank said that the “implications of developments in the Middle East for the U.S. economy are uncertain.” The…

NTR.TO (solid blue, left axis) shows the sharp run-up from ~CA$65 to over $106, while potash MOP prices (dashed orange, right axis) climbed more modestly from ~$320 to ~$355/MT over the same period.

Canada’s annual inflation rate fell to 1.8 per cent in February, after prices in the same period a year ago had risen sharply when the government’s sales-tax relief ended, Statistics Canada said on Monday. Excluding…

Executive Summary Current TSX Positioning Metric Value Latest close ~32,542 Weekly change −1.6% Distance from record high −5.8% 1-year performance +32% Interpretation:The TSX is in a corrective phase after record highs, not a bear trend.…

Monday March 16 China’s retail sales, industrial production and fixed asset investment (8:15 a.m. ET) Canadian housing starts for February. The analyst estimate is a rise of 9.2 per cent on an annualized rate basis.…

Executive Summary 1. Drivers of the Share Price Movement (Last ~10 Days) 1. Broader Software Sector Repricing KXS has been caught in a global software sector repricing driven by: Kinaxis experienced a ~28% decline over…

Executive Summary 1. What Caused the 10-Day Share Price Decline 1. Valuation Compression Shopify is one of the most expensive large-cap TSX stocks. Metric Approximate Level Market cap ~$170B P/E ratio ~140× High-multiple stocks tend…

Executive Summary 1. What Caused the Share Price Decline (Last ~10 Days) 1. Revenue Miss in Latest Earnings The company’s latest quarterly results showed: Metric Result Market Reaction Adjusted EPS Beat estimates Positive Revenue C$16.38B…