Additional quotes from the news wire...

The market is reacting to that in quite a negative fashion.

Elvis Picardo

Found on Reuters
2 years ago

Company News

It raises concerns among investors about the extent of the exposure that the banks have to the mortgage business in Canada.

Elvis Picardo

Found on Reuters
2 years ago

Company News

It remains to be seen if the TSX (Toronto Stock Exchange) has the momentum to punch through that level (14,000) on the upside.

Elvis Picardo

Found on Reuters
2 years ago

Energy

The TSX is holding up better than U.S. indices today, as gains by Valeant Pharma and gold producers are offsetting declines in energy and financial stocks.

Elvis Picardo

Found on Reuters
2 years ago

Company News

It's quite significant from a technical point of view, given the strength of the global economy there is going to be doubts about the sustainability, but I got to say on current form it looks quite good.

Elvis Picardo

Found on Reuters
2 years ago

Company News

As the index has moved higher we have seen the strength percolate to other (non-resource) sectors as well.

Elvis Picardo

Found on Reuters
2 years ago

Company News

It helps the TSX because it's so leveraged to global growth expectations.

Elvis Picardo

Found on Reuters
2 years ago

Company News

Does it pull back? Does it go further up from here? It's one of those inflection points that's a little hard to call.

Elvis Picardo

Found on Reuters
2 years ago

Company News

You're seeing some of the big risk factors dissipate, crude oil come back, the Chinese markets stabilize, it helps the TSX because it's so leveraged to global growth expectations.

Elvis Picardo

Found on Reuters
2 years ago

Company News

There is just this overwhelming sense of bearishness that's got a fierce hold on the market, in Canada the news hasn't been too encouraging as you've seen from the earnings that have come out today.

Elvis Picardo

Found on Reuters
2 years ago

Company News

It does feel that the TSX is trying to find a bottom here.

Elvis Picardo

Found on Reuters
2 years ago

Company News

This is historically the worst ever start for markets, you've got major indices down 8 or 9 percent, for the TSX to recover in the midst of that carnage is going to be very difficult.

Elvis Picardo

Found on Reuters
3 years ago

Company News

If you had a solid, sharp bounce back above $30 that might have done something for sentiment, but as it stands it's really hard for the index to get much traction.

Elvis Picardo

Found on Reuters
3 years ago

Company News

Negative sentiment is so overwhelming, it's not really surprising to see the TSX trade down on a day like this.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The TSX bears the brunt of any concerns about global growth.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The TSX seems to be following last year's trading pattern, when we saw a strong surge in the second half of December, while it may be too optimistic to expect a repeat of that performance, tax-loss selling pressure has abated, and we are seeing some interest in commodity producers, especially gold miners.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The energy group is still being held hostage by the daily gyrations in crude prices, which are currently approaching the lows of 2008.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The rest of the TSX weakness can be attributed to some profit-taking in the banks as well as significant weakness south of the border.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The market is once again getting a bit spooked about the prospect of higher rates in the U.S..

Elvis Picardo

Found on Reuters
3 years ago

Company News

It's an environment right now where investors are skittish and they're not going to hesitate to take profits on stocks that have moved higher.

Elvis Picardo

Found on Reuters
3 years ago

Company News

Much of the action has been caused by the collapse of Valeant, the weakness in crude oil hasn't helped as well.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The weakness in crude oil hasn't helped as well.

Elvis Picardo

Found on Reuters
3 years ago

Company News

It's been a big turnaround in sentiment, even if the markets may grind their way higher, you can expect a great deal of volatility in the months ahead.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The whole rebound in energy and commodities is still very much a toss-up, the fundamentals are very mixed and there are just so many moving parts.

Elvis Picardo

Found on Reuters
3 years ago

Company News

It's been an unusually volatile month ... (Yellen's) comments yesterday about the likelihood of rates going up this year seems to have given some comfort to the market.

Elvis Picardo

Found on Reuters
3 years ago

Company News

A lot of people are going to breath a sigh of relief once this quarter is over.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The Fed seems to have pulled off yet another balancing act, the surge in volatility may have rightfully put the Fed's plans on hold.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The surge in volatility may have rightfully put the Fed's plans on hold, they did what the market was probably suspecting.

Elvis Picardo

Found on Reuters
3 years ago

Company News

It's getting to a point where these big swings are getting normal, the markets have been unusually volatile of late.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The selling is indiscriminate, it's panic-driven, and it doesn't help that the U.S. indices have also turned soft over the past month.

Elvis Picardo

Found on Reuters
3 years ago

Company News

With crude oil today, it was approaching $50.50 and now it's at $52.80, there's an undercurrent of bullishness and big dips will be met with some buying.

Elvis Picardo

Found on Reuters
3 years ago

Company News

Greece is hogging the headlines but from a TSX perspective certainly we have to be more concerned about what's happening in China.

Elvis Picardo

Found on Reuters
3 years ago

Company News

We're seeing a rise in market volatility, largely related to the situation in Greece, the referendum on Sunday might set the tone for the markets for a while.

Elvis Picardo

Found on Reuters
3 years ago

Company News

It's a bounce and that's all it is, once the Greece situation gets resolved, favorably or unfavorably, you're going to have a bit of a news vacuum, and it's really difficult to see the TSX make sustainable headway.

Elvis Picardo

Found on Reuters
3 years ago

Company News

Once the Greece situation gets resolved, favorably or unfavorably, you're going to have a bit of a news vacuum, and it's really difficult to see the TSX make sustainable headway.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The bond markets are forcing investors' hands, they are making a move ahead of any central bank rate hikes that may or may not come over the next year or two, with higher yields you're paying more for debt.

Elvis Picardo

Found on Reuters
3 years ago

Company News

With higher yields you're paying more for debt.

Elvis Picardo

Found on Reuters
3 years ago

Company News

I think the tendency is if you're seeing quick profits, especially in the oil space, then you take them when you can.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The implications of a rise in royalty rates would be quite negative for the Canadian energy sector, coming as it would at a time of unprecedented turmoil caused by the plunge in crude oil prices, the incipient recovery we have been seeing lately in the energy sector could well be quashed.

Elvis Picardo

Found on Reuters
3 years ago

Company News

All in all it's a recipe for investors to stay on the sidelines until there's more clarity on where we go from here.

Elvis Picardo

Found on Reuters
3 years ago

Company News

Gold stocks are rallying because they've been down in the dumps for the longest time.

Elvis Picardo

Found on Reuters
3 years ago

Company News

It's quite likely that value investors are getting into the market as the TSX has underperformed the U.S. stock market for quite a while.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The optimism we saw at the start of the year is dissipating, there's no doubt that the markets will be choppy for the rest of the year.

Elvis Picardo

Found on Reuters
3 years ago

Company News

We're seeing concerns about the timing of the inevitable rate hike of the Fed, our fundamental thesis that the TSX will have a down year still stands.

Elvis Picardo

Found on Reuters
3 years ago

Company News

Oil has been bouncing around a lot. That seems to be impacting the energy group, but not so much the rest of the index, there's so much uncertainty surrounding the Canadian market, whether it's the housing sector or the impact crude oil will have on the economy.

Elvis Picardo

Found on Reuters
3 years ago

Company News

It's going to take many months for the broader implications of the oil price collapse to play out, for the time being, we're going to see volatility in crude oil prices and energy producers.

Elvis Picardo

Found on Reuters
3 years ago

Company News

It's quite the recovery, considering what we've gone through, but it's going to be choppy. We're getting to a point where investors are getting too complacent.

Elvis Picardo

Found on Reuters
3 years ago

Company News

Despite the uncertainties, the market is displaying quite a bit of resilience being at these levels, you tend to see this kind of choppiness at turning points.

Elvis Picardo

Found on Reuters
3 years ago

Company News

The market is poised at an inflection point. The question is, is there some value here?

Elvis Picardo

Found on Reuters
3 years ago

Company News

It was a pretty choppy day. It's going to be a heck of a challenging year, some money is going to the non-energy sectors, but overall the TSX will continue to remain under pressure.

Elvis Picardo

Found on Reuters
4 years ago

Company News

There's no let-up in the selloff. The selling has been relentless, there is a growing view that perhaps investors are underestimating the impact of the crude oil collapse on the Canadian economy.

Elvis Picardo

Found on Reuters
4 years ago

Company News

The question is, what does this relentless decline in crude oil tell us about the state of the global economy? The impact on oil-exporting countries such as Canada is quite substantial, it's a case where oil is breaking through one downside support level after another. At this point, it's 'sell the energy producers first and worry about the implications later'.

Elvis Picardo

Found on Reuters
4 years ago

Company News

It's a case where oil is breaking through one downside support level after another. At this point, it's 'sell the energy producers first and worry about the implications later'.

Elvis Picardo

Found on Reuters
4 years ago

Company News

The TSX was pretty much firing on all cylinders right until September, then once the collapse in crude oil prices started, sentiment for the index really took a total turn.

Elvis Picardo

Found on Reuters
4 years ago

Company News

With three of the major groups facing headwinds, it's hard to see the TSX making much headway in 2015.

Elvis Picardo

Found on Reuters
4 years ago

Company News

This rebound is a welcome one, but it's not very convincing. It's really hard to see the TSX make a sustained advance from these levels, i haven't seen sentiment for the TSX change this quickly.

Elvis Picardo

Found on Reuters
4 years ago

Company News

I haven't seen sentiment for the TSX change this quickly, you have the three biggest groups that make up two-thirds of the index floundering.

Elvis Picardo

Found on Reuters
4 years ago

Company News

Part of the reason for today's muted decline is the fact that we had such a big drop yesterday.

Elvis Picardo

Found on Reuters
4 years ago

Company News

When you have a dramatic decline like you've seen in oil prices, it could herald a turning point (in sentiment), i see a compelling buying opportunity in the energy space, but it's hard to convince people about that because of the ongoing cascade of bad news on oil.

Elvis Picardo

Found on Reuters
4 years ago

Company News

It's essentially followthrough selling from last week because OPEC's decision not to cut output has had a catastrophic impact on the energy producers, the continued spate of bad news on crude oil has spooked investors.

Elvis Picardo

Found on Reuters
4 years ago

Company News

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