TSX Ends On Firm Note

Canadian Market Modestly Higher Around Noon

The Canadian market is up in positive territory around noon on Thursday, led by gains in industrials, real estate and energy sectors. Investors are largely reacting to quarterly earnings updates, and the undertone is a bit firm thanks to comments from Bank of India Governon Tiff Macklem that the central bank is getting closer to start reducing interest rates.

RTTNews | 4h 27min ago

U.S. Factory Orders Surge In Line With Estimates In March

New orders for U.S. manufactured goods surged in line with economist estimates in the month of March, according to a report released by the Commerce Department on Thursday. The Commerce Department said factory orders shot up by 1.6 percent in March after jumping by a downwardly revised 1.2 percent in February.

RTTNews | 5h 52min ago

U.S. Labor Productivity Increases Modestly In Q1, Labor Costs Spike

A report released by the Labor Department on Thursday showed labor productivity in the U.S. increased by less than expected in the first quarter of 2024. The Labor Department said labor productivity rose by 0.3 percent in the first quarter after spiking by a revised 3.5 percent in the fourth quarter. Economists had expected productivity to climb by 0.8 percent.

RTTNews | 6h 12min ago

Accenture To Acquire Brazilian Creative Agency SOKO For Undisclosed Terms

Accenture plc (ACN) announced Thursday it has agreed to acquire Brazilian creative agency SOKO. The terms of the transaction were not disclosed. The completion of the acquisition is subject to regulatory approvals and other customary closing conditions.

RTTNews | 6h 31min ago

OECD Raises Global Growth Forecasts

The Organization for Economic and Co-operation and Development on Thursday lifted the global growth forecast for this year and next despite some substantial concerns about the outlook. The Paris-based think tank raised the global growth forecast for this year to 3.1 percent from 2.9 percent projected in February. The outlook for next year was lifted to 3.2 percent from 3.0 percent.

RTTNews | 6h 42min ago

Howmet Aerospace Boosts FY24 Outlook; Guides Q2 Well Above View - Update

While reporting financial results for the first quarter on Thursday, Howmet Aerospace Inc. (HWM) raised its adjusted earnings and revenue guidance for the full-year 2024 and provided guidance for the second quarter, well above estimates. For the second quarter, the company expects adjusted earnings in a range of $0.57 to $0.59 per share on revenues between $1.825 billion and $1.845 billion.

RTTNews | 6h 44min ago

U.S. Trade Deficit Narrows Slightly To $69.4 Billion In March

The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce Department on Thursday. The Commerce Department said the trade deficit narrowed to $69.4 billion in March from a revised $69.5 billion in February Economists had expected the trade deficit to inch up to $69.1 billion from the $68.9 billion originally reported for the previous month.

RTTNews | 6h 47min ago

U.S. Jobless Claims Unchanged From Slightly Upwardly Revised Level

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits remained flat in the week ended April 27th. The report said initial jobless claims came in 208,000, unchanged from the previous week's upwardly revised level. Economists had expected jobless claims to inch up to 212,000.

RTTNews | 6h 55min ago

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