TSX Ends Modestly Lower

RTTNews | Před 913 dny

(RTTNews) - The Canadian market ended modestly lower on Thursday after staying week right through the day's session amid concerns about growth, and hawkish comments from some Fed officials.

Comments from several Fed officials, including St. Louis Fed President James Bullard, have raised concerns that the U.S. central bank may not any significantly slow down its pace of monetary tightening next month.

The benchmark S&P/TSX Composite Index, which was down more than 200 points at 19,742.33 at one stage, ended the session with a loss of 73.38 points or 0.37% at 19,884.58.

Technology, utilities and materials shares were among the major losers. Energy stocks recovered most of the lost ground, and several stocks from the sector even managed to close with strong gains.

Healthcare stocks moved higher. A few stocks from consumer staples and consumer discretionary sectors too posted notable gains.

First Quantum Minerals (FM.TO), Baytex Energy (BTE.TO), Hut 8 Mining Corp (HUT.TO), Algonguin Power & Utilities Corp (AQN.TO), Cenovus Energy (CVE.TO) and Cresent Point Energy (CPG.TO) lost 1.6 to 4.2% on strong volumes.

Descartes Systems Group Inc (DSG.TO) drifted down 7.6%. Boralex (BLX.TO), Aritzia Inc (ATZ.TO), Teck Resources (TECK.A.TO), Onex Corporation (ONEX.TO), Nuvei Corp (NVEI.TO) and Kinaxis Inc (KXS.TO) lost 3 to 4.7%.

Canadian Tire Corporation (CTC.TO) climbed nearly 7%. Topaz Energy Corp (TPZ.TO), Restaurant Brands International (QSR.TO), Saputo Inc (SAP.TO), Molson Coors Canada Inc (TPX.B.TO), CCL Industries (CCL.A.TO), Maxar Technologies (MAXR.TO), CargoJet (CJT.TO), Metro (MRU.TO) and Rogers Communications (RCI.B.TO) gained 2 to 5.2%.

Cogeco Communications (CCO.TO), Fairfax Financial Holdings (FFH.TO), Nutrien (NTR.TO) and George Weston (WN.TO) also ended notably higher.

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.

RTTNews | Před 1 h 1 min

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-

RTTNews | Před 2 h 34 min

European Shares Likely To Drift Lower On Concerns About US Debt

European stocks may open on a sluggish note Monday after Moody's downgraded the U.S. credit rating by one notch to Aa1 from Aaa, citing rising levels of government debt and interest payments.

RTTNews | Před 2 h 56 min

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...

RTTNews | Před 3 h 26 min

Sensex, Nifty Marginally Lower As IT Stocks Drag

Indian shares were flat to slightly lower on Monday, with IT stocks leading losses after a U.S. credit rating downgrade.

RTTNews | Před 4 h 6 min

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.

RTTNews | Před 5 h 4 min

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.

RTTNews | Před 5 h 21 min

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.

RTTNews | Před 5 h 52 min

EURUSD	1.12484	GBPUSD	1.33587	AUDUSD	0.64247
USDJPY	144.916	USDCAD	1.39545	USDCHF	0.83389

Advertisement

TSX Ends Modestly Lower