Bay Street Likely To Open On Cautious Note; Fed Policy In Focus

RTTNews | Před 666 dny

(RTTNews) - The Canadian market is likely to open on a cautious note on Wednesday as investors await the Federal Reserve's monetary policy announcement, due later in the day. Energy stocks may gain on higher crude oil prices.

On the Canadian economic front, a report by Markit Economics on Canadian manufacturing activity in the month of October is due at 9:30 AM ET.

The S&P Global Canada Manufacturing PMI fell to 47.5 in September of 2023 from 48 in the previous month, pointing to the fifth consecutive contraction in Canadian factory activity, and at the sharpest pace since the pandemic-driven crash in the second quarter of 2020.

In earnings news, Thomson Reuters (TRI.TO) reported third-quarter operating profit of $441 million, compared to $398 million in the year-ago quarter.

Secure Energy Services Inc (SES.TO) reported third-quarter net income of $47 million, compared to $60 million a year ago.

Canada Goose Holdings Inc. (GOOS.TO) reported second-quarter adjusted net income of $16.2 million, compared with $20.3 million in the year-ago quarter.

SSR Mining Inc. (SSRM.TO) reported third-quarter adjusted net income of US$53.0 million, as against a loss of US$13.5 million in the year-ago quarter.

Canadian stocks closed higher on Tuesday, gaining for a second straight session. In addition to digesting Canadian GDP data and corporate earnings updates, investors awaited the Federal Reserve's monetary policy.

The benchmark S&P/TSX Composite Index ended the session with a marginal gain of 16.71 points or 0.09% at 18,873.47.

Asian stocks ended broadly higher on Wednesday, with Japanese markets leading regional gains after the Bank of Japan loosened its grip on government bond yields.

Middle East worries persisted and Chinese manufacturing data disappointed, helping limit overall gains in the region. Purchasing managers' indexes (PMIs) for China, Japan, South Korea and Australia showed activity shrinking.

European stocks are somewhat subdued around noon, with investors making cautious moves ahead of the Federal Reserve's monetary policy announcement.

In commodities, West Texas Intermediate Crude oil futures are up $1.48 or 1.82% at $82.50 a barrel.

Gold futures are down $2.10 or 0.12% at $1,992.20 an ounce, while Silver futures are lower by $0.182 or 0.79% at $22.770 an ounce.

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.

RTTNews | Před 2 h 51 min

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.

RTTNews | Před 3 h 11 min

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | Před 3 h 44 min

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | Před 6 h 11 min

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | Před 6 h 21 min

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | Před 6 h 33 min

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | Před 6 h 44 min

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | Před 6 h 50 min

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