TSX Ends Sharply Lower On Interest Rate Concerns

RTTNews | Před 703 dny
TSX Ends Sharply Lower On Interest Rate Concerns

(RTTNews) - Canadian stocks fell sharply on Thursday, weighed down by concerns the Fed will raise interest rate hike later this month after data showed much stronger than expected growth in U.S. private sector employment in the month of June.

Weak commodity prices weighed as well.

The benchmark S&P/TSX Composite Index ended with a loss of 293.20 points or 1.46% at 19,810.69, after falling to a low of 19,757.60 intraday.

Selling was so widespread that all the sectoral indices closed in negative territory. Healthcare, energy, technology, materials, financials and consumer staples shares were among the major losers.

Aritzia Inc (ATZ.TO) tumbled nearly 6%. Docebo Inc (DCBO.TO), Teck Resources (TECK.A.TO), Imperial Oil (IMO.TO), Shopify Inc (SHOP.TO) and Cargojet (CJT.TO) ended lower by 3 to 4%.

Alimentation Couche-Tard (ATD.TO), West Fraser Timber (WFG.TO), Fairfax Financial Holdings (FFH.TO), Constellation Software (CSU.TO), Canadian National Railway (CNR.TO), Kinaxis Inc (KXS.TO) and Franco-Nevada Corporation (FNV.TO) lost 1 to 2.7%.

Badger Infrastructure Solutions (BDGI.TO), Softchoice Corporation (SFTC.TO) and Magna International (MG.TO) moved up sharply.

In economic news, data from Statistics Canada showed Canada posted a trade deficit of C$3.44 billion in May 2023, shifting from a downwardly revised surplus of C$0.89 billion in the prior month.

Exports slumped by 3.8% in the month to an 18-month low of C$61.5 billion, while imports rose by 3% over a month to $64.97 billion.

read more
FTSE 100 Down Marginally At Noon

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
RTTNews | Před 12 minutami
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
RTTNews | Před 33 minutami
DAX Down Over 0.5% In Cautious Trade

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
RTTNews | Před 54 minutami
Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Co., Inc. has called back all lots of Zicam nasal swabs and Orajel baby teething swabs citing potential microbial contamination, according to the U.S. Food and Drug Administration. Cold remedy nasal swabs are a zinc-free, homeopathic cold remedy swab designed to shorten the duration of the common cold
RTTNews | Před 1 h 32 min
Yen Rises After Japan GDP Data

Yen Rises After Japan GDP Data

The Japanese yen strengthened against other major currencies in the Asian session on Monday, after data showed that an upward revision to Japan's first quarter GDP supporting the interest rate hike expectations.
RTTNews | Před 3 h 36 min