Unemployment Data To Headline Canadian Economic Calendar This Week

Observing Stocks Graphic


  • The TSX lost 0.2%, outperforming EU benchmarks but underperforming the S&P500’s +0.5% gain.
  • Volumes were good w/ mid caps outperforming, win/ loss ratio was balanced.
  • Losses in Financials and Gold stocks weighed most heavily. Energy was amongst the leaders helped by Health, Tech and Industrials.
  • C$ - C$ flat against the US$ despite speculative longs increasing last week.
  • CommoditiesOil lost 3% as momentum faded, long positioning continues to decrease; Gold lost 0.3%, ~-1% YTD.
  • CA ETF Flows – outflows from most sectors, heaviest outflows from CA Energy and Financial ETFs, Tech one of the lone names to see inflows; outflows also seen in benchmark ETFs.

U.S. ETF Flows – U.S. Financials saw their third consec. week of outflows, w/ investors showing a preference for Utilities and Consumer ETFs; benchmark ETFs saw across the board outflows to the benefit of bonds.


  • Technicals – TSX momentum has turned negative in-line w/ Energy, 16,200 resistance remains intact on the upside.
  • Earnings – not many releases, the largest being DOL and SAP.
  • CAeconomic calendar/strong> – employment data will headline later this week; the U.S. will see manufacturing and trade data released.
  • Index – Russell annual rebalance results will be announced on Friday.

Nasdaq Advisory Services Canadian Team is part of Nasdaq's Corporate Solutions Advisory Services -- the most experienced team in the industry. The team delivers unmatched shareholder analysis, a comprehensive view of trading and investor activity, and insights into how best to manage investor relations outreach efforts. For questions about the Canadian market, please contact Prab Sagoo.
This communication and the content found by following any link herein are being provided to you by Corporate Solutions, a business of Nasdaq, Inc. and certain of its subsidiaries (collectively, “Nasdaq”), for informational purposes only. Nasdaq makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Sources include Reuters, TR IBES, WSJ, The Financial Times and proprietary Nasdaq research.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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