TSX Ends Modestly Lower

RTTNews | Před 230 dny
TSX Ends Modestly Lower

(RTTNews) - The Canadian market ended weak on Wednesday, weighed down by losses in materials and technology sectors. Investors digested earnings updates from Canadian and U.S. companies, and awaited U.S. non-farm payroll data and Canadian GDP report, due later in the week.

The benchmark S&P/TSX Composite Index ended down 54.76 points or 0.22% at 24,507.79 after scaling a low of 24,428.10 and a high of 24,571.26 intraday.

Materials stock Ivanhoe Mines (IVN.TO) ended down 3.85%. The company reported a net profit of $108 million for the third-quarter of 2024, compared with $67 million in the second-quarter. The stock is down by about 3.7%.

Fortuna Silver Mines (FVI.TO), Seabridge Gold (SEA.TO), First Majestic Silver Corp (AG.TO), Pan American Silver Corp (PAAS.TO) and Hudbay Minerals (HBM.TO) closed down 2.5 to 4%.

Technology stocks Bitfarms (BITF.TO) and BlackBerry (BB.TO) lost 4.49% and 3.56%, respectively. CGI Group (GIB.A.TO), Converge Technology Solutions (CTS.TO) and Sangoma Technologies (STC.TO) closed down 1.25 to 1.6%.

Secure Energy Services (SES.TO) soared nearly 10% after reporting a net income of $94 million for the third-quarter this year, compared with $47 million in the year-ago quarter.

Capital Power Corporation (CPX.TO) climbed 7.8% after the company reported net income of $178 million for the quarter ended September 30, 2024, compared with $272 million in the year-ago quarter.

read more
U.S. Housing Starts Pull Back Sharply In May

U.S. Housing Starts Pull Back Sharply In May

The Commerce Department released a report on Wednesday showing a steep drop by new residential construction in the U.S. in the month of May. The report said housing starts plunged by 9.8 percent to an annual rate of 1.256 million in May after jumping by 2.7 percent to a revised rate of 1.392 million in April.
RTTNews | Před 1 h 44 min
U.S. Jobless Claims Pull Back Off Eight-Month High

U.S. Jobless Claims Pull Back Off Eight-Month High

First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday. The report said initial jobless claims dipped to 245,000, a decrease of 5,000 from the previous week's revised level of 250,000.
RTTNews | Před 1 h 47 min
UK Inflation Slows Slightly In May

UK Inflation Slows Slightly In May

UK consumer price inflation softened in May as the slowdown in transportation costs was largely offset by the rise in food prices and reinforced expectations that the Bank of England will maintain the interest rate steady this week. The consumer price index registered an annual increase of 3.4 percent, slightly slower than the 3.5 percent rise seen in April, the Office for National Statistics said
RTTNews | Před 2 h 24 min
Bank Indonesia Holds Interest Rate Steady At 5.5% As Expected; Hints At Reduction

Bank Indonesia Holds Interest Rate Steady At 5.5% As Expected; Hints At Reduction

Indonesia's central bank left its benchmark interest rate unchanged on Wednesday after a quarter-point reduction in May and hinted at further reduction to support economic growth. The Bank Indonesia Board, led by Governor Perry Warjiyo, maintained the BI rate at 5.50 percent. The bank had reduced the rates twice this year, in May and January.
RTTNews | Před 3 h 2 min
CPI Softening Boosts FTSE 100

CPI Softening Boosts FTSE 100

Better-than-expected CPI readings from the U.K. bolstered sentiment, helping FTSE 100 outperform its peers.
RTTNews | Před 3 h 15 min