Canada s main stock market index fell
on Tuesday to start the new month on a cautious note, weighed by
losses for metal-mining shares as investors worried about an
uncertain outlook for some major.
Canada s main stock index was
rangebound on Monday as investors eagerly await U.S. inflation
data and Bank of Canada s rate hike decision later this week. The Toronto Stock Exchange s.
Canada's main stock index edged higher on Tuesday as the materials group rallied and oil prices as well as bond yields climbed, with the index adding to last week's gain.
The Globe and Mail Shirley Won Published February 3, 2021
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Canadian small-company stocks are back in the spotlight again, helped by tailwinds in multiple sectors at the same time.
The S&P/TSX Venture Composite Index, a broad-market indicator of domestic microcap securities, surged 51.6 per cent last year versus a 5.6-per-cent gain for the S&P/TSX Composite Index, including dividends.
The venture index continued its climb in January. Resource stocks largely drove past bull markets, but technology, clean-energy, health care, cannabis and even cryptocurrency-related stocks have now joined the party.
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Microcap stocks offer potential for multibaggers, but keep in mind that they come with higher risk. These young companies may not be profitable or have revenue yet. Management can stumble or face setbacks. Companies may not raise enough capital to grow, while financings can dilute existing shareholders.