This Week’s Highlights
- Why Investors Should Expect a Slower Ride Higher for Canadian Stocks
- Weak Jobs Data Douses Bank of Canada Rate Hike Expectations
- This Top Value Investor Likes Software Stocks Despite AI Threat
- The Best-Performing ETFs for Canadian Investors
- How the Largest ETFs in Canada Performed
- 10 Top-Performing Canadian Dividend Stocks
- 3 US Dividend Stocks for May 2026
Canadian stocks took a breather from their upward march this week, even as US stocks pushed to new highs. The Morningstar Canada Index ended the week nearly flat, up 0.50%, while the Morningstar US Market Index rose more than 2%.
The pause comes while the Canadian stock market is up almost 7% so far in 2026, and strategists say the biggest gains could be in the rear-view mirror. In this deep dive, analysts explain why they are tempering their expectations and outline some potential road bumps ahead.
The outlook for the economy got a bit muddier, as the April employment report unexpectedly showed a decline in jobs and an uptick in unemployment. What will this mean for interest rates? Economists weigh in.
Meanwhile, the earnings marathon continued. Check out what Morningstar analysts say about the outlook for leading e-commerce giant Shopify SHOP after it beat guidance on both revenue and profit, why miner Agnico Eagle AEM is significantly overvalued after its strong quarter on the back of higher gold prices, and why we raised our fair value estimate for oil and gas major TC Energy TRP.
This week also saw our monthly screens for the best- and worst-performing exchange-traded funds. We also looked at how the biggest ETFs fared in April, as well as the month’s best-performing dividend stocks.
Looking at US dividend stocks, Morningstar editor David Harrell digs into a healthcare giant, a consumer defensive name, and an industrial firm, each offering a good dividend yield and trading at prices our analysts believe are attractive.
Finally, Leslie Norton spoke with a top global value fund manager about her outlook, including why she thinks that, despite AI’s perceived threat to software stocks, some companies in the space will ultimately benefit. She highlights three.
