Bay Street May Open With Slightly Negative Bias

RTTNews | Před 175 dny

(RTTNews) - Canadian shares may open with a negative bias Friday morning as energy and materials stocks are likely to be under some pressure due to lower commodity prices. Canadian retail sales data may provide some direction.

Final report on Canadian retail sales for the month of December, and preliminary Canadian retail sales numbers for the month of January are due at 8:30 AM ET.

In earnings news, Emera Incorporated (EMA.TO) reported fourth-quarter net income of $154 million, or $0.52 per common share, compared with net income of $289 million, or $1.04 per common share, in the year-ago quarter.

Onex Corporation (ONEX.TO) reported net loss of $2 million for the quarter ended December 2024, compared to net earnings of $373 million in the year-ago quarter.

Iamgold Corporation (IMG.TO) reported fourt-quarter net earnings of and adjusted net earnings per share of $0.15 and $0.10, respectively.

Canadian stocks closed weak on Thursday, weighed down by fears of fresh levies by the Trump administration on more goods sometime soon.

The U.S. President, who previously announced duties on cars, semiconductors and pharma products imported into America, has announced plans to unveil fresh tariffs on lumber and forest products, which could significantly hurt Canada.

Investors reacted to a slew of corporate earnings updates and digested the nation's producer prices data.

The benchmark S&P/TSX Composite Index ended with a loss of 112.08 points or 0.44% at 25,514.08, nearly 80 points off an early low of 25,436.88.

Asian stocks ended mixed on Friday as tariff worries offset investor optimism over China's artificial intelligence potential. Also, U.S. President Donald Trump's comments have raised hopes of a de-escalation in the trade war between the world's two largest economies.

Trump told reporters that a trade deal with China "is possible" in an interview aboard Air Force One.

European stocks are up in positive territory with investors digesting the regional PMI data, and reacting to more quarterly earnings updates.

In commodities, West Texas International Crude oil futures are down $0.74 or 1.02% at $71.83 a barrel.

Gold futures are down $9.70 or 0.33% at $2,946.40 an ounce, while Silver futures are lower by $0.141 or 0.42% at $33.345 an ounce.

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.

RTTNews | Před 14 minutami

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.

RTTNews | Před 43 minutami

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

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RTTNews | Před 1 h 8 min

U.S. Consumer Sentiment Index Unexpectedly Decreases In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday.

RTTNews | Před 1 h 34 min

U.S. Import Price Growth Exceeds Estimates In July

The Labor Department released a report on Friday showing import prices in the U.S. increased by more than expected in the month of July. The report said import prices climbed by 0.4 percent in July after a downwardly revised 0.1 percent dip in June. Economists had expected import prices to inch up by 0.1 percent, matching the 0.1 percent uptick originally reported for the previous month.

RTTNews | Před 1 h 42 min

U.S. Retail Sales Climb 0.5% In July, In Line With Estimates

A report released by the Commerce Department on Friday showed retail sales in the U.S. increased in line with economist estimates in the month of July. The Commerce Department said retail sales climbed by 0.5 percent in July after jumping by an upwardly revised 0.9 percent in June.

RTTNews | Před 2 h 15 min

U.S. Industrial Production Edges Slightly Lower In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July.

RTTNews | Před 2 h 22 min

New York Manufacturing Index Unexpectedly Increases In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August.

RTTNews | Před 2 h 57 min

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