TSX Ends Lower As Technology Stocks Decline

RTTNews | Před 731 dny

(RTTNews) - Canadian stocks turned in a weak performance on Monday, with investors largely staying cautious ahead the Federal Reserve's monetary policy announcement due later in the week.

While the Fed is scheduled to announce its policy on Wednesday, the Bank of England and Bank of Japan will make their policy announcements on Thursday.

The benchmark S&P/TSX Composite Index ended down 129.51 points or 0.63% at 20,492.83. The index, which was down in negative territory right through the day's session, touched a low of 20,449.11.

In the healthcare section, Tilray Inc (TLRY.TO) plunged 14.2%, and Bausch Health Companies (BHC.TO) ended nearly 2% down.

Among technology stocks, Shopify Inc (SHOP.TO) ended nearly 5.5% down. BlackBerry (BB.TO), Tecsys Inc (TCS.TO), Lightspeed Commerce (LSPD.TO) and Coveo Solutions (CVO.TO) lost 2.5 to 3.4%.

Energy stocks Africa Oil Corp (AOI.TO), International Petroleum Corporation (IPCO.TO), Vermilion Energy (VET.TO), Peyto Exploration and Development (PEY.TO), Paramount Resources (POU.TO), Crescent Poine Energy (CPG.TO) and Whitecap Resources (WCP.TO) ended lower by 1 to 4.6%.

Nutrien (NTR.TO), Teck Resources (TECK.A.TO), Magna International (MG.TO), goeasy (GSY.TO), Canadian Pacific Kansas City (CP.TO), Constellation Software (CSU.TO) and BRP Inc (DOO.TO) lost 1 to 2.5%.

Seabridge Gold Inc (SEA.TO) and Softchoice Corporation (SFTC.TO) climbed 6.5% and 6.3%, respectively. Russel Metals (RUS.TO), Wajax Corporation (WJX.TO), FirstService Corporation (FSV.TO), ATS Corporation (ATS.TO), Restaurant Brands International (QSR.TO), Docebo Inc (DCBO.TO), Agnico Eagle Mines (AEM.TO) and Descartes Systems (DSG.TO) gained 1 to 2.5%.

On the economic front, data from Canada Mortgage and Housing Corporation showed housing starts in Canada fell by 1% over a month earlier to 252,787 units in August.

Data from Statistics Canada showed raw materials prices in Canada declined by 4.3% year-on-year in August, following a revised 11% fall in the previous month. Raw materials prices rose by 3% month-over-month in August, slowing from a 3.5% increase in July.

Producer prices in Canada fell 0.5% in August over the same month in the previous year. Prices jumped by 1.3% over the previous month in August, the first rise since October 2022.

Australian Dollar Falls Against Majors

The Australian dollar weakened against other major currencies in the Asian session on Friday.

RTTNews | Před 59 minutami

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up near the 8,800 level, with gains in financial, energy and technology stocks partially offset by a mixed performance in mining stocks.

RTTNews | Před 1 h 18 min

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the broadly positive cues from Wall Street overnight, as traders continued to digest the US Fed's interest rate cut by a quarter point and its impact on the markets. Fed officials' forecasts suggest two more rate cuts this year but just one next year, although there were significant differences of opinion about the outlook.

RTTNews | Před 1 h 37 min

Sensex, Nifty Eye Cautious Start After Recent Gains

Indian shares are seen opening little changed on Friday after recent gains supported by GST reforms and encouraging progress in India-U.S. trade discussions.

RTTNews | Před 2 h 6 min

Thai Shares May Halt Slide On Friday

The Thai stock market has moved lower in consecutive trading days, shedding more than 10 points of 0.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,300-point plateau, although it may find support on Friday.

RTTNews | Před 2 h 39 min

Japanese Market Notably Higher

Extending the gains in the previous session, the Japanese market is notably higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 45,700 level, with gains across most sectors led by automakers, financial and technology stocks.

RTTNews | Před 2 h 57 min

Higher Open Tipped For Indonesia Stock Market

The Indonesia stock market on Thursday ended the seven-day winning streak in which it had surged almost 400 points or 5 percent. The Jakarta Composite Index now sits just shy of the 8,010-point plateau, although it may tick higher again on Friday.

RTTNews | Před 3 h 9 min

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains energy and technology stocks partially offset by weakness in mining stocks.

RTTNews | Před 3 h 10 min

EURUSD	1.17745	GBPUSD	1.35452	AUDUSD	0.66033
USDJPY	147.4	USDCAD	1.38011	USDCHF	0.79309