Canadian Market Ends Slightly Higher

RTTNews | vor 520 Tagen
Canadian Market Ends Slightly Higher

(RTTNews) - Canadian stocks moved in a narrow range on Monday with investors largely refraining from making significant moves, amid slightly fading hopes about an early interest rate cut by the Federal Reserve after recent data.

The benchmark S&P/TSX Composite Index ended with a small gain of 18.22 points or 0.08% at 22,185.25, after moving between 22,110.60 and 22,204.74.

Materials and energy stocks moved higher on firm metal and oil prices. Healthcare, real estate, utilities and consumer discretionary stocks drifted lower.

In the materials sector, Iamgold Corp (IMG.TO) soared more than 9%. Novagold (NG.TO), First Majestic Silver Corp (FR.TO), Ssr Mining (SSRM.TO), Seabridge Gold (SEA.TO), Wesdome Gold Mines (WDO.TO), Fortuna Silver Mines (FVI.TO) and Agnico Eagle Mines (AEM.TO) gained 3 to 6.2%.

In the energy sector, Pason Systems (PSI.TO) climbed more than 5%. Baytex Energy (BTE.TO) gained 3.3%, while Prairiesky Royalty (PSK.TO) and Secure Energy Services (SES.TO) both gained nearly 2.5%. Whitecap Resources (WCP.TO) gained about 1.4%.

Healthcare stocks Sienna Senior Living (SIA.TO) and Bausch Health Companies (BHC.TO) lost 2.4% and 1.6%, respectively. Tilray Inc (TLRY.TO) ended down 0.9%.

Real estate stocks Northwest Healthcare (NWH.UN.TO) and CT Real Estate (CRT.UN.TO) lost 4% and 2.5%, respectively. Colliers International (CIGI.TO), H&R Real Estate (HR.UN.TO), Killam Apartment (KMP.UN.TO) and Boardwalk Real Estate Investment (BEI.UN.TO)lost 1.6 to 2%.

Utilities shares Brookfield Infra Partners (BIP.UN.TO) and Superior Plus Corp (SPB.TO) lost 2.46% and 2.38%, respectively.

Among consumer discretionary stocks, Magna International (MG.TO) and Sleep Country Canada Holdings (ZZZ.TO) both ended down by about 1.9%. Mty Food Group (MTY.TO) dropped 1.49%, while Linamar Corp (LNR.TO) and Restaurant Brands International (QSR.TO) lost 1.1% and 1%, respectively.

On the economic front, the S&P Global Canada Manufacturing PMI edged up 0.1 point from the previous month to 49.8 in March, pointing to the eleventh consecutive contraction in the Canadian factory activity.

read more
U.S. Services Index Climbs To Six-Month High In August

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.
RTTNews | vor 1Std 27 Minuten
U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.
RTTNews | vor 1Std 45 Minuten
U.S. Trade Deficit Widens More Than Expected As Imports Spike

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.
RTTNews | vor 2Std 15 Minuten
U.S. Jobless Claims Rise More Than Expected To Two-Month High

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.
RTTNews | vor 2Std 19 Minuten
U.S. Private Sector Job Growth Slows More Than Expected In August

U.S. Private Sector Job Growth Slows More Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August. ADP said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July. Economists had expected private sector employment to rise by 65,000 jobs.
RTTNews | vor 2Std 36 Minuten
U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th.
RTTNews | vor 3Std 25 Minuten