TSX Settles Lower As Trade Tensions Resurface

RTTNews | Před 200 dny

(RTTNews) - Despite hitting record highs earlier in the week, the Canadian market ended weak for a second straight day as trade tensions weighed on sentiment, prompting investors to tread cautiously on Friday.

Investors also digested the Canadian GDP data, as well as a slew of data from the U.S., including a reading on inflation and consumer sentiment.

The benchmark Canadian stock market index TSX Composite today opened lower, and despite dropping further post noon, managed to regain some lost ground and eventually settled with a modest loss of 35.51 points or 0.14% at 26,175.05. The index gained 0.6% in the week.

On Thursday, a U.S. federal appeals court temporarily reinstated Trump's tariffs, a day after a trade court ruled he had exceeded his authority, to consider the government's appeal.

Trade war concerns have resurfaced after U.S. President Donald Trump accused China of violating the trade agreement reached earlier this month.

Trump said in a post on Truth Social that "everything quickly stabilized and China got back to business as usual" following the trade deal. "Everybody was happy! That is the good news!!!" Trump said. "The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!"

Earlier, U.S. Treasury Secretary Bessent said in a Fox News interview on Thursday that U.S.-China trade talks "are a bit stalled."

In Canadian economic news, data from Statistics Canada showed the Canadian GDP expanded by 0.5% from the previous quarter in the first three months of 2025, maintaining the revised 0.5% growth rate from the earlier period.

The Canadian economy likely expanded 0.1% in April 2025, the same as in March, preliminary estimates showed.

Communications stocks were among the prominent gainers in the session. Cogeco Communications gained about 1.4%.

Industrials, consumer staples and financials stocks too found some support.

Energy and healthcare stocks dropped with the respective indices losing 1.76% and 1.75%. Real estate, materials, technology and industrials turned in a mixed performance.

Baytex Energy (down 4.3%), Cenovus Energy (down 3.4%), Freehold Royalties (down 3.14%) and Meg Energy Corp (down 2.8%) were the major losers in the energy sector.

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market moves on Wednesday, but extends the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 falling below the 8,600 level, with weakness in financial and energy stocks partially offset by gains in mining and technology stocks.

RTTNews | Před 1 h 43 min

Asian Markets Trade Mixed

Asian stock markets trade mixed on Wednesday, following the mixed cues from Wall Street overnight, after the release of sluggish US jobs data failed to boost expectations for further interest rate cuts by the US Fed. Data showed stronger than expected job growth in November, but the increase followed a notable loss of jobs in October. Asian markets closed mostly lower on Tuesday.

RTTNews | Před 1 h 49 min

Indian Shares Set For Lackluster Open On Muted Global Cues

Indian shares are seen opening on a flat note on Wednesday after new data showed the U.S. jobs market remains sluggish but not quickly deteriorating.

RTTNews | Před 2 h 29 min

Thai Stock Market May Extend Tuesday's Losses

The Thai stock market on Tuesday ended the two-day winning streak in which it had climbed almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,260-point plateau and it may take further damage on Wednesday.

RTTNews | Před 3 h 10 min

U.S. Dollar Drops Against Most Majors

The U.S. dollar dropped against its most major counterparts in the New York session on Tuesday.

RTTNews | Před 3 h 11 min

Indonesia Shares Expected To Remain Rangebound

The Indonesia stock market has alternated between positive and negative finishes through the last 10 trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just beneath the 8,690-point plateau although it's likely to hand back those gains on Wednesday.

RTTNews | Před 3 h 40 min

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 49,300 level, with weakness in exporters and a mixed performance across most other sectors.

RTTNews | Před 3 h 53 min

Mild Upside Seen For Hong Kong Stock Market

The Hong Kong stock market has finished lower in two straight sessions, sinking more than 740 points or 2.8 percent along the way. The Hang Seng Index now sits just above the 25,230-point plateau although it may tick higher on Wednesday.

RTTNews | Před 3 h 55 min

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