Canadian Market Daily Pulse: Tale of Two Economies

The Canadian Market Daily Pulse Report dated November 13, 2025 is a comprehensive analysis of 170 financial instruments across four distinct sector groups. The overall market is described as a “tale of two economies,” with strong performance in resource, industrial, and defensive groups contrasting sharply with weakness in technology and media. The report utilizes the Bill Cara INSTAT System to assign conviction scores, identifying defensive sectors like Utilities, Financials, and Real Estate (mean INSTAT of +30.43) as the most robust, driven by factors like AI-powered electricity demand. Conversely, the Media and Technology grouping registered the lowest mean INSTAT (-32.87), making it the most challenging, though it included exceptions like Rogers perfect INSTAT (+100.00) and Celestica’s massive annual gains due to AI infrastructure demand. The analysis ultimately recommends an overweight position in Energy/Resources and Defensive groups while advocating for a significant underweight in Technology.