TSX Recovers After Early Setback, Ends Marginally Up

RTTNews | 936 dias atrás

(RTTNews) - After opening modestly lower and drifting down further Friday morning, the Canadian market recovered gradually and finally ended the day's session marginally up.

The benchmark S&P/TSX Composite Index, which dropped to 20,484.50 in early trades, ended with a small gain of 14.37 points or 0.07% at 20,612.12. The index gained about 0.7% in the week.

Energy, utilities and industrials shares posted strong gains. Several stocks from consumer staples section too ended notably higher.

Consumer discretionary, technology, materials and healthcare stocks drifted lower.

In addition to digesting the jobs data, investors also reacted to a slew of quarterly earnings announcements.

The Capped Energy Index surged 2.41%. The Consumer Discretionary Capped Index drifted down 4.3%. The Information Technology Capped Index dropped 1.83%.

Enbridge Inc. (ENB.TO) reported that its fourth quarter adjusted earnings per common share declined to C$0.63 from C$0.68, prior year. Adjusted profit declined to C$1.27 billion from C$1.38 billion. The stock gained about 2.4%.

Magna International Inc. (MG.TO) shares plunged 17% after the company reported fourth-quarter net income of $95 million, compared with net income of $464 million in the year-ago quarter. Adjusted earnings per share were $0.91, compared to prior year's $1.30.

Fortis Inc. (FTS.TO) shares gained about 3.3%. The company reported fourth quarter net earnings of C$370 million or C$0.77 per share, up from C$328 million or C$0.63 per share in the prior-year quarter.

Data from Statistics Canada showed that the employment increased by 150,000 jobs in January, after rising by 104,000 jobs in the previous month. Economists had expected employment to climb by 15,000 jobs.

The unemployment rate held steady at 5% in January. The rate was expected to rise to 5.1%.

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | 15 minutos atrás

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | 44 minutos atrás

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.

RTTNews | 48 minutos atrás

U.S. Private Sector Job Growth Slows More Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August. ADP said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July. Economists had expected private sector employment to rise by 65,000 jobs.

RTTNews | 1h 6min atrás

U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2

A report released by the Labor Department showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025.

RTTNews | 1h 49min atrás

U.S. Trade Deficit Widens More Than Expected In July

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July.

RTTNews | 1h 52min atrás

U.S. Weekly Jobless Claims Rise More Than Expected

RTTNews | 1h 55min atrás

Bay Street May Open With Negative Bias On Weak Commodity Prices

The Canadian market is likely to open with a negative bias on Friday, tracking weak crude oil and bullion prices. The focus is on the ADP data from the U.S., due this morning, and the Canadian and U.S. jobs reports, due on Friday, for clues about the rate decisions by the central banks of the two nations.

RTTNews | 2h 6min atrás

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