Bay Street Likely To Open On Mixed Note

RTTNews | Před 504 dny

(RTTNews) - Canadian shares look headed for a mixed start Monday morning, tracking commodity prices, and digesting quarterly updates from U.S. and Canadian companies. With the Federal Reserve's monetary policy announcement due on Wednesday, the mood is likely to remain a bit cautious.

Cargojet (CJT.TO) reported first-quarter adjusted earnings of $31 million, or $1.86 per share, compared to $16.8 million, or $0.97 per share, in the year-ago quarter.

Alimentation Couche-Tard Inc. (ATD.TO) announced today that the Toronto Stock Exchange has approved the renewal of its share repurchase program, authorizing Couche-Tard to repurchase up to 78,083,521 Common Shares, representing 10% of the company's "public float" as at April 18, 2024 . Based on the current share price the completion of the Program in full would represent a total investment of approximately US $4.3 billion or CDN $5.9 billion.

The Canadian market ended modestly higher on Friday, led by gains in materials stocks as gold prices advanced on safe-haven buying.

Investors reacted positively to some upbeat earnings updates from top U.S. companies, including Alphabet and Microsoft, and digested U.S. personal consumption expenditure (PCE) data that showed a larger than expected increase in annual consumer price growth.

The benchmark S&P/TSX Composite Index ended with a gain of 83.86 points or 0.38% at 21,969.24, after moving in a tight range between 21,907.48 and 21,997.95. The index gained about 0.5% in the week.

Asian stocks ended higher in thin trade on Monday, with Japanese markets closed for a holiday.

Traders looked ahead to the Federal Reserve's policy meeting on Wednesday after the central bank's preferred inflation gauge largely met expectations.

European stocks are turning in a mixed performance. Among the major markets, U.K. is outperforming, with real estate stocks faring well after data showed house sales in the country rose for the seventh consecutive month in April thanks to higher demand for smaller homes.

In commodities, West Texas Intermediate Crude oil futures are down slightly at $83.83 a barrel.

Gold futures are up $1.50 at $2,348.70 an ounce, while Silver futures are gaining $0.088 or 0.32% at $27.340 an ounce.

South Korea Import, Export Price Data Due On Tuesday

South Korea will on Tuesday see August numbers for import and export prices, highlighting a light day for Asia-Pacific economic activity. In July, import prices were down 5.9 percent on year and export prices fell an annual 4.3 percent.

RTTNews | Před 48 minutami

South Korea Export Prices Rise 0.7% In August

Export prices in South Korea were up a seasonally adjusted 0.7 percent on month in August, the Bank of Korea said on Tuesday - after adding 0.8 percent in July.

RTTNews | Před 1 h 18 min

U.S. Dollar Falls Before Fed Decision

The U.S. dollar weakened against its major counterparts in the New York session on Monday, ahead of the Federal Reserve's policy decision on Wednesday.

RTTNews | Před 1 h 27 min

Swiss Market Ends Weak After Choppy Ride

The Switzerland market ended on a weak note on Monday after spending much of the day's session in negative territory, as investors stayed wary of picking up stocks, choosing to wait for some clear directional clues.

RTTNews | Před 4 h 12 min

European Markets Close Mostly Higher Ahead Of Central Bank Policy Meetings

The markets in Europe closed mostly higher on Monday, although the UK market underperformed and settled slightly lower. Investors digested a batch of regional economic data, and looked ahead to the monetary policy announcements from the Federal Reserve, the Bank of England the Bank of Japan due later in the week.

RTTNews | Před 4 h 33 min

Canadian Market Modestly Higher; Energy, Materials Stocks Rise

The Canadian market is up in positive territory Monday afternoon, with stocks from energy, materials, technology and consumer discretionary sectors contributing to the upmove. The mood remains cautious with investors looking ahead to interest rate decisions from the Bank of Canada and the Federal Reserve on Wednesday.

RTTNews | Před 5 h 59 min

Major European Markets Up In Positive Territory As Investors Eye Central Bank Meetings

After a cautious start, European markets are up in positive territory Monday afternoon with investors picking up stocks amid hopes of a rate cut by the Federal Reserve on Wednesday. The Bank of England, which is scheduled to announce its monetary policy on Thursday, is widely expected to hold rates steady. The Bank of Japan's policy announcement is also due this week.

RTTNews | Před 8 h 59 min

New York Manufacturing Index Unexpectedly Turns Negative In September

A report released by the Federal Reserve Bank of New York on Monday showed a substantial downturn by New York manufacturing activity in the month of September. The New York Fed said its general business conditions index plunged to a negative 8.7 in September from a positive 11.9 in August, with a negative reading indicating contraction. Economists had expected the index to fall to a positive 5.0.

RTTNews | Před 9 h 11 min

EURUSD	1.17633	GBPUSD	1.3602	AUDUSD	0.66702
USDJPY	147.372	USDCAD	1.37777	USDCHF	0.79471