Canada had annualized GDP growth 4th quarter of 6.7%; Bank of Montreal last quarter profit of $3B up 45%. Never mind all the Oil stocks putting up massive numbers at $80 WTI never mind $100. Earnings and economic growth matter.
Does Canada drive the whole world markets?!?! Anyway, the answer is irrelevant / not important at all. We just focus on our charts and trade based on what the chart says.
The market's already corrected quite a bit, though. Yesterday was end-of-month window dressing and today is the first trading month of March. Historically, quite bullish. Let's see where she goes...
It is important but yes just trade the charts if you struggle with reads on fundamentals and macro calls. Do what you need to do.
Sure, even more reason not to correct more. other then the war getting worse. TSX however it should be noted never corrected.
A crash needs a liquidity or big risk off event. Central banks becoming more dovish is the opposit of a a liquidity event.
What did that oh-so delicate Canadian snowflake Rear_Ender post this time? I'm evidently blocked by him/her/whatever pronoun.
If it's really important for you to know you can log out and read all the posts you are blocked from.