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Market Impact: 0.3

Canadian Market Up Sharply On All-round Buying

Economic DataMarket Technicals & FlowsEnergy Markets & Prices

Canadian equities were firmly higher Thursday afternoon, helped by a preliminary estimate showing Q1 GDP expanded even though March stalled. The move also tracked a drop in oil prices, which is supporting broader buying across several sectors. The article points to a positive macro backdrop rather than any single stock-specific catalyst.

Analysis

Canadian equities were firmly higher Thursday afternoon, helped by a preliminary estimate showing Q1 GDP expanded even though March stalled. The move also tracked a drop in oil prices, which is supporting broader buying across several sectors. The article points to a positive macro backdrop rather than any single stock-specific catalyst.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.35