TSX Ends Flat As Investors Assess Potential Impact Of Fresh Tariffs

RTTNews | Před 61 dny
TSX Ends Flat As Investors Assess Potential Impact Of Fresh Tariffs

(RTTNews) - The Canadian market settled flat on Thursday as investors made cautious moves while assessing the impact of U.S. President Donald Trump's 25% tariffs on imported vehicles effective April 3rd, and the impending announcement of reciprocal tariffs.

Trump also posted on his Truth Social Platform that he will impose even steeper tariffs on the European Union and Canada if they collaborate to harm the U.S. economy.

The benchmark S&P/TSX Composite Index settled at 25,161.06, exactly at previous session's closing figure. The index dropped to a low of 25,023.79 in early trades, and despite recovering to 25,205.59 by mid morning, struggled to move higher.

Healthcare, materials and communications shares found good support. Several stocks from consumer staples sector too moved higher. Technology and energy stocks traded weak.

Tilray climbed about 7.5%. Pet Valu Holdings, Iamgold Corp, Seabridge Gold, New Gold, Wesdome Gold Mines, Sandstorm Gold, Alamos Gold, Equinox Gold, Agnico Eagle Mines, SSR Mining, MAG Silver, Endeavour Silver, Aya Gold & Silver and B2Gold Corp gained 3 to 6%.

Pan American Silver Corp, Franco-Nevada Corp, Torex Gold, Kinross Gold, BCE, TerraVest Industries, Fortuna Mining, Cogeco Communications and Boyd Group Services also moved up sharply.

Among the major losers, Magna International, BRP, Bombardier Inc. and Lightspeed Commerce lost 5.5 to 7%.

BlackBerry, Air Canada, Celestica Inc., Linamar, Ivanhoe Mines, Enghouse Systems, Aecon Group, TFI International, Canadian Pacific Kansas City, TransAlta Corp, Ero Copper, Denison Mines, First Quantum Minerals, Teck Resources, Parex Resources and Enerflex lost 1.5 to 4%.

Data from Statistics Canada said average weekly earnings of non-farm payroll employees in Canada rose by 5.5% year-on-year to $1,294.26 in January 2025, following a 5.9% year-over-year increase in December.

read more
Taiwan Shares Due For Support On Wednesday

Taiwan Shares Due For Support On Wednesday

The Taiwan stock market has finished lower in four straight sessions, dropping more than 460 points or 2.2 percent in that span. The Taiwan Stock Exchange now sits just above the 21,330-point plateau, although it's likely to see bargain hunting on Wednesday.
RTTNews | Před 22 minutami
Singapore Bourse May Reclaim 3,900-Point Level

Singapore Bourse May Reclaim 3,900-Point Level

The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had risen just 6 points or 0.15 percent. The Straits Times Index now sits just shy of the 3,900-point plateau and it's expected to open higher again on Wednesday.
RTTNews | Před 52 minutami
Malaysia Stock Market Tipped To Open In The Green

Malaysia Stock Market Tipped To Open In The Green

The Malaysia stock market has moved lower in back-to-back sessions, slipping almost 10 points or 0.7 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's due for support on Wednesday.
RTTNews | Před 1 h 22 min
Win Streak May Continue For Japan Stock Market

Win Streak May Continue For Japan Stock Market

The Japan stock market has tracked higher in three straight sessions, accelerating almost 750 points or 2 percent along the way. The Nikkei 225 now sits just shy of the 27,725-point plateau and it may add to its winnings again on Wednesday.
RTTNews | Před 1 h 37 min
KOSPI Expected To Erase Tuesday's Losses

KOSPI Expected To Erase Tuesday's Losses

The South Korea stock market headed south again on Tuesday, one day after ending the two-day slide in which it had given up almost 35 points or 1.4 percent. The KOSPI now rests just above the 2,635-point plateau although it's expected to rebound again on Wednesday.
RTTNews | Před 1 h 52 min
New Zealand Rate Decision On Tap For Wednesday

New Zealand Rate Decision On Tap For Wednesday

The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and the announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBNZ is widely expected to trim its Official Cash Rate by 25 basis points, to 3.25 percent from 3.50 percent.
RTTNews | Před 2 h 52 min
U.S. Dollar Strengthens On Trump's Tariff Delay

U.S. Dollar Strengthens On Trump's Tariff Delay

The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.
RTTNews | Před 6 h 29 min
European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
RTTNews | Před 7 h 58 min