Touchdown Kelowna projects local business boost - Global News

The S&P/TSX Composite jumped 1.4 per cent for the trading week ending with Friday’s close and is now 16.1 per cent higher for 2026. The benchmark’s Relative Strength Index (RSI) of 56 leaves it in the technically neutral range between the attract5ive oversold buy signal of 30 and the overbought RSI sell signal of 70. Allied Properties REIT, Ballard Power Systems Inc. and Canopy Growth are really, really oversold with RSIs below 20. Element Fleet Management Corp., Energy Fuels Inc., Tilray Brands Inc., Air Canada and Labrador Iron Ore Royalty Co. are also oversold. There are 18 overbought, technically vulnerable stocks this week led by Dollarama Inc., Loblaw Companies Ltd., Suncor Energy, George Weston Ltd. and Metro Inc. There are no benchmark constituents showing strong price momentum by hitting new 52-week highs. Stocks hitting new lows include Telus Corp., Boardwalk REIT, H&R REIT and Allied Properties REIT.

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott BarlowTop picks in energy sectorScotiabank analyst Kevin Fisk’s report “It’s easier paddling downstream” provided top picks in the energy sector,“While acknowledging that Canadian producers generally trade at a premium versus U. S. peers, we believe valuations remain attractive in absolute terms given strong inventory depth, future growth optionality, FCF duration, and robust shareholder returns. We maintain a strong preference for oil-weighted equities and companies with downstream exposure given robust oil prices and exceptionally strong refining margins. We have refreshed our pecking order and highlight SU, CVE, OVV, and TVE as our top picks … On average, our target prices increased by 6 per cent, led by VET (up 18 per cent), IMO (up 17 per cent) SU (up 16 per cent), IPCO (up 16 per cent), WCP (up 16 per cent), SDE (up 13 per cent) and BTE (up 13 per cent). Conversely, we have trimmed targets on AAV (down 10 per cent), PEY (down 5 per cent) and TOU (down 4 per cent), reflecting the shift to strip natural gas prices.

Here are the key things investors need to know to start the trading day.

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