Canadian Market Faces Turbulence Amid Tariff Announcements

The Canadian market experiences setbacks as tariffs loom. Stocks from energy and consumer sectors are hit hard, with Imperial Oil's earnings decline raising concerns.

Date: 01-02-2025

AI Rating: 4

Earnings Per Share (EPS)
Imperial Oil reported fourth-quarter EPS of C$2.37, down from C$2.47 the previous year, reflecting a decline in net income from C$1.37 billion to C$1.23 billion. This decrease could suggest challenges ahead for the company.
Revenue Growth
Total revenues for Imperial Oil dropped from C$13.11 billion to C$12.61 billion, indicating a downward trend that could negatively impact investor sentiment.
Stock Performance
Stocks across various sectors, particularly energy and consumer discretionary, experienced losses amidst increasing selling pressure tied to the tariff announcements and negative economic indicators, leading to reduced confidence in the market.
Sector Impact
With the S&P/TSX Composite Index down by 1.07%, key sectors such as energy and materials were heavily impacted, amplifying fears about the broader market stability amidst government policy shifts.

Stocks: IMO.TO TPX.A.TO FTT.TO PRL.TO DOO.TO MTY.TO RUS.TO MG.TO LNR.TO TFII.TO GSY.TO RCI.B.TO TIH.TO BBD.B.TO ENB.TO DCBO.TO CLS.TO BLX.TO NPI.TO VBNK.TO EDV.TO QBR.TO