Bay Street Likely To Open Lower

RTTNews | vor 160 Tagen

(RTTNews) - Canadian shares look headed for a weak start Friday morning, tracking lower commodity prices and weak European stocks. Geopolitical tensions and tariff concerns are likely to weigh on sentiment.

Canadian retail sales data for the month of January, and new housing price index score for the month of February, are due at 8:30 AM ET.

Retail sales in Canada likely eased by 0.4% in January 2025, compared to a month earlier, according to preliminary estimates.

Premium Brands Holdings Corp (PBH.TO) reported quarterly adjusted earnings of C$1.05?? per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 85 cents. Revenue rose 5.4% to C$1.64 billion from a year ago, and the quarterly net income was C$37.3 million.

The Canadian market ended slightly down on Thursday as concerns about growth outlook and rising trade tensions weighed on sentiment. Reports that Canadian Prime Minister Mark Carney may call a snap election in late April raised uncertainty on the political front.

The benchmark S&P/TSX Composite Index ended down 8.97 points or 0.04% at 25,060.24. The index, which tumbled to 24,923.12 in early trades, climbed to 25,174.97 around late morning, but retreated to around 25,000 before recovering some lost ground.

Asian stocks turned in a mixed performance on Friday as tariff worries and rising Middle East tensions prompted traders to book some profits after recent gains.

Reports of Israeli airstrikes on Gaza and fresh U.S. sanctions on Iran pushed crude oil prices higher, reigniting worries about inflation and raising bets the Federal Reserve may delay rate cuts.

European stocks are broadly lower today, weighed down by concerns about the outlook for growth due to tarrifs and Middle East tensions.

In commodities, West Texas Intermediate Crude oil futures are down $0.25 or 0.37% at $67.82 a barrel.

Gold futures are down marginally at $3,042.90 an ounce, while Silver futures are lower by $0.221 or 0.65% at $33.770 an ounce.

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | vor 30 Minuten

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | vor 2Std 57 Minuten

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | vor 3Std 7 Minuten

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | vor 3Std 19 Minuten

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | vor 3Std 30 Minuten

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | vor 3Std 36 Minuten

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.

RTTNews | vor 4Std 42 Minuten

U.S. GDP Jumps More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday.

RTTNews | vor 4Std 49 Minuten

EURUSD	1.16941	GBPUSD	1.35272	AUDUSD	0.65371
USDJPY	146.734	USDCAD	1.3745	USDCHF	0.80008