Analysts ratings for Canadian stocks have sunk to a five-year low amid concern prices have outpaced earnings after the longest string of monthly gains in three decades.
Canadian stocks fell, after reaching a five-year high yesterday, as investors weighed developments in Ukraine and assessed U.S. economic data before a jobs report tomorrow.
Canadian stocks rose as a rally in gold prices boosted materials shares while investors analyzed earnings before employment data later in the week.
Canadian stocks fell for the first time in seven days, paring a weekly gain, after data showed the U.S. economy grew at a slower pace than forecast.
Canadian stocks fell for the first time in 13 days, ending the longest advance in almost two decades, as banks and technology companies slipped.
Canadian stocks rose to the highest level in two weeks and extended their biggest weekly advance since July as data showed the U.S. economy expanded more than forecast last quarter.
Canadian stocks were little changed, after sliding to a two-month low yesterday, as declines among phone companies offset gains in gold producers.
"Today's move below $50 has created more panic in the oil patch and the energy sector."
- Andrew Pyle on Jan 05, 2015