© Reuters.
Investing.com — Canada’s main stock index, the S&P/TSX Composite index declined as a slide in crude and metals prices pressured the commodity tilted Canadian index.
Wall Street’s main indices meanwhile roared higher, driven by optimism surrounding quarterly earnings from tech companies, particularly Meta (NASDAQ:). Risk-sentiment remained robust, even as hotter than expected US nonfarm payrolls further dampened hopes of a March rate cut from the Fed.
Toronto Stock Market News
Shares of Shopify (TSX:) rose following a bullish research report and price target upgrade from analysts at Wells Fargo (NYSE:). Analysts reinforced their overweight rating on Shopify, and raised the price target from $80 to $90 per share.
Imperial Oil (TSX:) reports fourth quarter results after yesterday’s closing bell. Imperial reported revenue and other income for the quarter at $13.11 billion, down from $14.45 billion this time…
