TSX Ends Weak As Technology, Energy Stocks Post Sharp Losses

RTTNews | Před 720 dny

(RTTNews) - The Canadian market ended weak on Thursday, weighed down by losses in healthcare, technology and energy sectors.

Several stocks from consumer discretionary, industrials and materials sectors too posted sharp losses.

The mood in the market was cautious as investors awaited Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday.

The benchmark S&P/TSX Composite Index settled with a loss of 103.96 points or 0.52% at 19,775.83. The index, which opened marginally down, moved higher subsequently, but retreated soon and spent the rest of the day's session in negative territory.

Tilray Inc (TLRY.TO) plunged more than 9%. Bausch Health Companies (BHC.TO) ended nearly 1% down.

Among technology stocks, Dye & Durham ended nearly 5% down. Lightspeed Commerce (LSPD.TO) dropped 3.75%, while BlackBerry (BB.TO) and Kinaxis Inc (KXS.TO) ended down 2.9% and 2.56%, respectively. Shopify Inc (SHOP.TO), Constellation Software (CSU.TO), Coveo Solutions (CVE.TO) and Docebo Inc (DCBO.TO) also ended notably lower.

Energy stocks MEG Energy Corp (MEG.TO), Advantage Oil & Gas (AAV.TO), Paramount Resources (POU.TO), Crescent Point Energy (CPG.TO), Precision Drilling Corporation (PD.TO), Tourmaline Oil Corp (TOU.TO) and Cenovus Energy (CVE.TO) lost 1.6 to 4%.

Toronto-Dominion Bank (TD.TO) ended 3.2% down. The bank reported adjusted net income $3,731 million for the third quarter, compared with $3,813 million a year ago. The bank also announced that it intends to launch a new issuer bid to repurchase up to 90 million shares, representing around 4.9% of the 1.827 billion shares issued and outstanding as of July 31.

Royal Bank of Canada (RY.TO) climbed nearly 2%. The bank reported net income of $3.9 billion for the quarter ended July 31, 2023, up $295 million or 8% from the prior year. The bank reported adjusted net income and adjusted EPS of $4.0 billion and $2.84, respectively, both up 11% from the prior year.

On the economic front, preliminary data showed that manufacturing sales in Canada likely rose by 0.7% month-over-month in July 2023, rebounding from a 1.7% decline in June.

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.

RTTNews | Před 2 h 26 min

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.

RTTNews | Před 2 h 58 min

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe

RTTNews | Před 3 h 39 min

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.

RTTNews | Před 4 h 10 min

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.

RTTNews | Před 4 h 14 min

U.S. Producer Prices Jump Much More Than Expected In July

EURUSD	1.16398	GBPUSD	1.35293	AUDUSD	0.64911
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TSX Ends Weak As Technology, Energy Stocks Post Sharp Losses

U.S. Producer Price Growth Far Exceeds Estimates In July

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

UK GDP Rises More Than Expected

Bay Street Likely To Open On Mixed Note

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

U.S. Producer Prices Jump Much More Than Expected In July

U.S. Weekly Jobless Claims Unexpectedly Edge Modestly Lower

Pound Rises On Upbeat U.K. GDP Data