Canada Market Update – April 2025

Market News |

Assalamu Alaykum,

Welcome to our monthly economic and market update! As we enter a new month, here’s a recap of the key economic and market developments in Canada from April. Let’s get started.

Stock market updates

April brought a strong rebound for Canadian markets! The S&P/TSX Composite Index rose by 10.37%, closing at CA$ 24,842, recovering from the previous month’s losses. The S&P/TSX Venture Composite Index also saw solid gains, increasing by 4.03% to end at CA$ 653.62. A month of significant recovery, with positive momentum across both large-cap and venture stocks.

  • Stantec has acquired Irish firm Ryan Hanley, adding a 150-person team and strengthening its expertise in the Irish water sector. This move deepens Stantec’s local presence and supports its global growth strategy in engineering and environmental consulting. The acquisition follows a strong 2024, where Stantec saw 15.8% revenue growth to CAD 5.9 billion, fueled by both organic and acquisition-led expansion.
  • MDA Space has announced it will acquire SatixFy Communications in an all-cash deal valued at US$193 million, paying US$2.10 per share, a 75% premium to SatixFy’s March 31, 2025 share price. The acquisition aims to vertically integrate SatixFy’s next-gen satellite communications technology—including its in-house chipsets—into MDA Space’s end-to-end satellite systems.
  • UPS has agreed to acquire Andlauer Healthcare Group in a $2.2 billion all-cash deal, paying $55.00 per share, a significant premium over AHG’s last closing price of $41.96. AHG, a Canadian firm specializing in healthcare logistics, will strengthen UPS’s capabilities in medical transportation and supply chain services.
  • HEALWELL AI Inc. a healthcare AI company specializing in preventative care, has announced a major executive leadership reshuffle to support its next phase of integration and global growth. Following its acquisition of Orion Health, HEALWELL is positioning itself to scale its AI and health data interoperability offerings. James Lee has been appointed CEO, while Dr. Alexander Dobranowski transitions to President.

Top gainer and top loser Halal stocks in Canada

Canada Economic updates

  • In April, the Bank of Canada considered another interest rate cut but ultimately held steady at 2.75%, citing uncertainty from U.S. tariffs imposed by President Trump, which have hurt exports, demand, and jobs. Although some members supported a cut due to a weakening economy and low inflation risks, others argued it was premature given lingering effects from past cuts and potential inflationary pressures from tariffs
  • Canada’s annual inflation slowed to 2.3% in March from 2.6% in February, driven by falling gasoline and travel tour prices, surprising analysts who expected it to remain steady; CIBC economist Katherine Judge said this supports a potential 25 basis point rate cut by the Bank of Canada, as growth risks from the trade war outweigh inflationary effects of tariffs.
  • Canada’s retail sales declined by 0.4% in February to C$69.33 billion, mainly due to lower sales at motor vehicle and parts dealers, with volumes also down 0.4%, though Statistics Canada estimates a 0.7% rebound in March.
  • Canadian home sales dropped 4.8% in March and were down 20% from November highs, marking the weakest March since 2009, as U.S.-driven trade tensions weigh on confidence; prices also slipped, with CREA’s Home Price Index down 1% monthly and 2.1% annually.
  • Canada’s economy shrank by 0.2% in February due to declines in the mining, energy, and transport sectors, but March GDP likely rose 0.1%. According to Statistics Canada, Q1 growth is estimated at 1.5% annualized.

Disclaimer: The content is for informational purposes only and does not constitute legal, investment or financial advice.
It is important to conduct your own research or consult with a financial or investment advisor. Past performance is not indicative of future results. All logos or brands are referenced for identification purposes only and do not constitute an endorsement of any kind. This information is accurate as of the date of publication and may not reflect recent changes. Access our comprehensive legal disclaimers at https://musaffa.com/disclaimer.