Canadian Market Up In Positive Territory; Technology Stocks Rise

RTTNews | Před 864 dny

(RTTNews) - The Canadian market is up firmly in positive territory in late morning trade on Monday, led by gains in technology and healthcare sectors.

Several stocks from real estate, energy, industrials and consumer discretionary sectors are also notably higher.

Easing worries about interest rate hikes following recent data showing a drop in consumer price inflation in the U.S. and Canada appear to be aiding sentiment.

The benchmark S&P/TSX Composite Index is up 94.14 points or 0.46% at 20.597.35.

The Information Technology Index is rising 2.3%. Hut 8 Mining Corp (HUT.TO) and Shopify Inc (SHOP.TO) both are gaining about 7.5%. Lightspeed Commerce (LSPD.TO), Payfare Inc (PAY.TO), Coveo Solutions (CVO.TO), Nuvei Corp (NVEI.TO), BlackBerry (BB.TO) and Absolute Software Corp (ABST.TO) are up 2 to 5%.

In the healthcare section, Canopy Growth Corp (WEED.TO) is rising nearly 6.5% and Tilray Inc (TLRY.TO) is gaining 4%. Bellus Health Co (BLU.TO) shares are up 1.5%.

Real estate stocks Colliers International Group (CIGI.TO), Granite Real Estate (GRT.UN.TO), Crombie Real Estate (CRR.UN.TO), Tricon Capital Group (TCN.TO), CT Real Estate (CRT.UN.TO), Smartcentres Real Estate (SRU.UN.TO) and Primaris REIT (PMZ.UN.TO) are up 1 to 2%.

Among energy stocks, Africa Oil Corp (AOI.TO) is up 4.3%, while Suncor Energy (SU.TO), Vermilion Energy (VET.TO), Paramount Resources (POU.TO) and MEG Energy (MEG.TO) are gaining 2 to 2.6%.

Industrials stocks Ballard Power Systems (BLDP.TO) and Cargojet (CJT.TO) are up 5.2% and 3.5%, respectively. Ritchie Bros Auctioneers (RBA.TO), Exchange Iron Corp (EIF.TO), Brookfield Business Partners (BBU.UN.TO) and Tfi International (TFII.TO) are up 2 to 3%.

In the consumer discretionary sector, Aritzia Inc (ATZ.TO) is up 3%, Canada Goose Holdings (GOOS.TO) is up 2.3% and Sleep Country Canada Holdings (ZZZ.TO) is rising 1.75%. Magna International (MG.TO) and Mty Food Group (MTY.TO) are also notably higher.

Data from Statistics Canada showed new home prices in Canada stalled from the prior month in December of 2022, holding the 0.2% decline in the previous month and compared to expectations of a 0.2% decline.

Canadian new housing prices rose by 3.9% year-on-year, the least since October of 2020, and slowing from the 4.1% rise in the previous month.

Swiss Market Ends Marginally Up

The Switzerland market, which stayed positive till well past noon on Thursday, suffered a mild setback in the penultimate hour of the session, but recovered to end the day's session marginally higher. Investors reacted positively to the European Central Bank's decision to lower interest rate by 25 basis points.

RTTNews | Před 27 minutami

European Stocks Close Slightly Higher

European stocks closed slightly higher on Thursday with investors digesting the European Central Bank's interest rate decision, and a slew of regional economic data, in addition to assessing the potential impact of Trump Administration's tariff moves on global trade and growth.

RTTNews | Před 40 minutami

Canadian Market Modestly Higher In Cautious Trade

Canadian stocks are turning in a mixed performance on Thursday with investors largely making cautious moves, looking ahead to the crucial U.S. and Canadian jobs data due on Friday.

RTTNews | Před 1 h 23 min

U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.

RTTNews | Před 3 h 53 min

U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.

RTTNews | Před 4 h 11 min

U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.

RTTNews | Před 4 h 29 min

German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.

RTTNews | Před 4 h 57 min

U.S. Labor Productivity Slumps Much More Than Previously Estimated In Q1

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025.

RTTNews | Před 5 h 10 min

EURUSD	1.14365	GBPUSD	1.3582	AUDUSD	0.65146
USDJPY	143.752	USDCAD	1.36605	USDCHF	0.82049

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Canadian Market Up In Positive Territory; Technology Stocks Rise