Canadian Market Struggles For Direction

RTTNews | vor 566 Tagen
Canadian Market Struggles For Direction

(RTTNews) - Canadian stocks are turning in a lackluster performance on Friday with investors not making significant moves due to a lack of fresh triggers. With the U.S. market close early today, the volume of business is also rather thin for the second straight session.

The benchmark S&P/TSX Composite Index is up 1.15 points at 20,117.81 a few minutes before noon. After opening on a weak note at 20,091.67, the index climbed to 20,156.72 this morning before paring gains.

Canadian Tire Corporation (CTC.TO) is gaining nearly 5%. Precision Drilling Corporation (PD.TO) is up 3.5%. Nuvei Corporation (NVEI.TO), RB Global (RBA.TO), Cargojet Inc (CJT.TO), Bank of Montreal (BMO.TO) and West Fraser Timber (WFG.TO) are up with sharp to moderate gains.

Docebo Inc (DCBO.TO), Waste Connections (WCN.TO), Fairfax Financial Holdings (FFH.TO) and Goeasy (GSY.TO) are down 0.6 to 1.6%.

On the economic front, data from Statistics Canada showed retail sales in Canada jumped by 0.6% in September from the previous month. Retail sales rose by 2.7% from a year ago in September, the biggest increase in five months.

Retail sales excluding autos in Canada were up 0.2% month-over-month in September, the same as an upwardly revised 0.2% gain in August.

Canada's manufacturing sales likely fell by 2.7% from a month earlier in October, following a 0.4% gain in September, according to preliminary data.

read more
U.S. Producer Prices Inch Up Less Than Expected In May

U.S. Producer Prices Inch Up Less Than Expected In May

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
RTTNews | vor 32 Minuten
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
RTTNews | vor 51 Minuten
FTSE 100 Recovers After Weak Start, Up Marginally

FTSE 100 Recovers After Weak Start, Up Marginally

After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday. Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain
RTTNews | vor 1Std 1 Minuten
GameStop Shares Plunge After Plan To Raise $1.75 Bln

GameStop Shares Plunge After Plan To Raise $1.75 Bln

Shares of GameStop Corp. plunged around 11 percent in the extended trading on Wednesday and are currently trading 13 percent lower in the pre-market activity on the NYSE, after the company announced plan to raise $1.75 billion again in private offering, probably for Bitcoin purchase. GameStop's shares had declined sharply in March after the firm announced a $1.3 billion private offering.
RTTNews | vor 2Std 2 Minuten
CAC 40 Down 0.7% As Tariff Concerns Weigh

CAC 40 Down 0.7% As Tariff Concerns Weigh

French stocks are down in negative territory on Thursday as renewed concerns about tariffs and Middle East tensions weigh on sentiment.
RTTNews | vor 2Std 11 Minuten
DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

German stocks are notably lower on Thursday, weighed down by trade tensions and escalating tensions in the Middle East. Amid a lack of specifics in the much talked about framework agreement, it is feared that the U.S.-China trade tensions may not subside any significantly for now.
RTTNews | vor 3Std 5 Minuten