Positive Start Seen For Canadian Stocks

RTTNews | 37 dias atrás
Positive Start Seen For Canadian Stocks

(RTTNews) - Bay Street looks headed for a firm start Wednesday morning, tracking positive global cues amid rising prospects of several nations striking trade deals with the U.S. before the August 1 deadline.

Rogers Communications Inc. (RCI.A.TO) reported adjusted net income of C$ 632 million for the quarter ended June 30, 2025, compared with C$ 623 million in the year-ago quarter.

Suncor Energy, West Fraser Timber, Waste Connections, Whitecap Resources and First Quantum Minerals are scheduled to announce their quarterly results today.

On the economic front, data on new housing prices is due at 8:30 AM ET.

U.S. President Donald Trump announced trade deals with Japan and Philippines. "We have Europe coming in tomorrow, and the next day, we have some other ones coming in," he said late on Tuesday, without specifying details.

Canadian stocks climbed higher on Tuesday thanks to recent strong economic data. The benchmark S&P/TSX Composite Index turned weak after a firm start, but recovered to settle with a gain of 47.43 points or 0.17% at 27,364.43.

Asian stocks settled mostly higher on Wednesday amid easing trade concerns after Trump announced trade agreements with Japan and Philippines.

The "largest ever" U.S. trade deal with Japan features a 15 percent tariff on Japanese exports and includes a commitment from Tokyo to invest $550 billion in the United States and open its markets for American vehicles, rice, and other agricultural goods.

Trump claimed the U.S. would receive 90 percent of profits from the agreement and that the pact could generate hundreds of thousands of American jobs.

The major European markets are up firmly in positive territory today amid rising prospects of the EU clinching a trade deal with the U.S. ahead of the August 1 deadline.

In commodities trading, West Texas Intermediate Crude oil futures are down $1.34 or 2.02% at $64.87 a barrel.

Gold futures are down $9.00 or 027% at $3,434.80 an ounce, while Silver futures are up $0.175 or 0.44% at $39.730 an ounce.

read more
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 23 minutos atrás
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 1h 36min atrás
FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 2h 9min atrás
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 2h 16min atrás
French Stocks Mostly Subdued In Cautious Trade

French Stocks Mostly Subdued In Cautious Trade

The French market is down in negative territory on Friday with investors digesting a slew of economic data, and look ahead to key consumer inflation report from the U.S.
RTTNews | 2h 27min atrás