S&P/TSX Composite Index (STAR)
With Thanksgiving almost here, let’s give thanks for the things that really matter in life – like making money in the stock market. Adding an exclamation point to its 5.1-per-cent gain in September, Canada’s S&P/TSX Composite Index closed above 30,000 for the first time on Tuesday, bringing its return for the first nine months of 2025 to 21.4 per cent, excluding dividends. The year-to-date advance was led by banks, utilities, gold miners and tech stocks, and it crushed the S&P 500’s gain of 13.7 per cent over the same period. We can take it from here, America.
Netflix (DOG)
Elon Musk calls himself a “free speech absolutist,” but lately he’s been behaving more like a cheerleader for cancel culture. Aiming his ire at a Netflix animated series that features a transgender character, Mr. Musk – who is estranged from his own trans daughter – urged his 227 million followers on X to cancel their subscriptions with the streaming giant. With right-wing influencers amplifying Mr. Musk’s message, Netflix’s shares suffered a multiday skid. Free speech for me, but not for thee.
Firefly Aerospace Inc. (DOG)
The good news for Firefly Aerospace is that “proper safety protocols were followed, and all personnel are safe.” The bad news? Shareholders of the satellite company suffered severe financial injuries. The shares plunged after one of Firefly’s rockets exploded during a preflight test in Texas, erasing 28 per cent of the company’s market value in a two-day tumble. With the stock down about 40 per cent since its initial public offering in August, investors’ money is burning up on the launch pad.
Algoma Steel Group Inc. (DOG)
Even steel bends with enough pressure. Same with steel stocks. Shares of Algoma Steel continued to buckle after Canada’s last independent steelmaker said it expects adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) to be negative $80-million to negative $90-million for the quarter ended Sept. 30. With the company effectively shut out of the U.S. market by Donald Trump’s 50-per-cent tariff, the federal and Ontario governments extended $500-million in financing to help Algoma transition to electric arc furnaces, which will lower its costs and make it easier to tailor output to meet demand. But if the stock price is any indication, investors appear to be steeling themselves for more pain.
DocuSign Inc. (DOG)
Business quiz! Shares of DocuSign, a cloud-based electronic signature and document management company, fell after: a) North Korean ransomware hackers replaced every signature in the company’s database with Kim Jong-un’s autograph; b) a U.S. federal court ruled that only physical signatures are legally binding; c) OpenAI launched a new product called DocuGPT, which analysts said could become a formidable competitor to DocuSign’s key contract-management business. Answer: c