Bay Street Headed For Positive Start

RTTNews | Před 89 dny

(RTTNews) - Firm commodity prices and steady global stocks amid optimism about trade deals point to a positive start for the Canadian market on Friday. Canadian jobs data for the month of April, and corporate earnings updates are also set to make an impact.

Investors hope the U.S. and China will strike a trade deal or agree on a preliminary framework for the same this weekend.

Data released by Statistics Canada showed the Canadian economy added 7,400 jobs in the month of April, after seeing a drop of 32,600 jobs in March.

Meanwhile, the unemployment rate in Canada increased to 6.9% in April, up from 6.7% a month earlier.

Enbridge Inc. (ENB.TO) reported adjusted earnings of $2.2 billion or $1.03 per common share for the first-quarter of its current financial year, compared with $2.0 billion or $0.92 per common share in the year-ago quarter.

Telus Corporation (T.TO) reported net income of $301 million for the first quarter of 2025, up 115% compared to a year ago.

Onex Corporation (ONEX.TO) reported first-quarter net earnings of $168 million, compared to $10 million in the year-ago quarter.

Algonquin Power & Utilities (AQN.TO) reprted net earnings of $95.4 million for the second quarter of its current financial year, as against net loss of $56.8 million a year ago.

Air Canada, Canadian Tire Corporation, MAG Silver, NuVista Energy and Pembina Pipeline reported higher earnings for their latest quarter.

The Canadian market closed on a firm note on Thursday following U.S. President Donald Trump unveiling the framework of a trade agreement with the U.K.

The benchmark S&P/TSX Composite Index pulled back off its best levels in the latter part of the trading day but still closed up 92.88 points or 0.7% at a one-month closing high of 25,254.06.

European stocks are up in positive territory amid hopes of more major countries striking trade deals with the U.S., after Trump unveiled the framework for an agreement with the U.K.

In commodities trading, West Texas Intermediate Crude oil futures are up $1.30 or 2.15% at $61.21 a barrel.

Gold futures are gaining $30.40 or 0.91% at $3,336.40 an ounce, while Silver futures are up $0.098 or 0.3% at $32.715 an ounce.

Swiss Market Ends Notably Lower

Save for a few minutes about an hour after the opening bell, the Switzerland market stayed weak on Wednesday with several stocks reeling under selling pressure. Investors were cautious amid concerns about the impact of U.S. tariffs, and Donald Trump's fresh threat that his government might consider imposing tariffs on chips and pharmaceuticals.

RTTNews | Před 2 h 8 min

European Stocks Close Mostly Higher On Earnings, Fed Rate Cut Hopes

European stocks closed mostly higher on Wednesday, thanks largely to some strong corporate earnings updates, and expectations of an interest rate reduction by the Federal Reserve in September.

RTTNews | Před 2 h 39 min

Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian stocks are up firmly in positive territory on Wednesday, and the benchmark S&P/TSX Composite Index stays high up after hitting a fresh record. Rising optimism about a rate cut by the Federal Reserve in September, firm oil prices and some upbeat corporate earnings announcements are contributing to the positive mood in the market.

RTTNews | Před 3 h 28 min

India Holds Key Interest Rates Steady As Trade Tensions Escalate

The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.

RTTNews | Před 6 h 0 min

Bay Street Looks Set To Extend Upmove

Canadian shares look headed for a positive start on Wednesday, riding on some impressive corporate earnings updates, and higher oil prices. The focus will also be on the developments on the trade front.

RTTNews | Před 7 h 29 min

Eurozone Retail Sales Recover In June

Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday. Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.

RTTNews | Před 7 h 38 min

Euro Rises As European Shares Traded Higher

The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher despite weak factory orders data from Germany and fresh tariff threats from U.S. President Donald Trump on pharma and chips. Some upbeat earnings announcements and expectations of a Fed interest rate cut next month appear to be aiding sentiment.

RTTNews | Před 8 h 11 min

Disney Lifts FY25 EPS View After Q3 Profit Beats Market; ESPN In Deal With WWE, NFL

Media and entertainment major Walt Disney Co. (DIS) on Wednesday raised fiscal 2025 outlook for earnings.above the Street after reporting significantly higher profit in its third quarter, above market estimates. Meanwhile, revenues missed the market view, despite reporting a growth. Separately, Disney announced that its unit ESPN has signed a landmark rights agreement with WWE.

RTTNews | Před 8 h 28 min

EURUSD	1.16564	GBPUSD	1.33571	AUDUSD	0.65042
USDJPY	147.211	USDCAD	1.37391	USDCHF	0.80661

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Bay Street Headed For Positive Start