Positive Start Seen For Canadian Stocks

RTTNews | vor 36 Tagen

(RTTNews) - Bay Street looks headed for a firm start Wednesday morning, tracking positive global cues amid rising prospects of several nations striking trade deals with the U.S. before the August 1 deadline.

Rogers Communications Inc. (RCI.A.TO) reported adjusted net income of C$ 632 million for the quarter ended June 30, 2025, compared with C$ 623 million in the year-ago quarter.

Suncor Energy, West Fraser Timber, Waste Connections, Whitecap Resources and First Quantum Minerals are scheduled to announce their quarterly results today.

On the economic front, data on new housing prices is due at 8:30 AM ET.

U.S. President Donald Trump announced trade deals with Japan and Philippines. "We have Europe coming in tomorrow, and the next day, we have some other ones coming in," he said late on Tuesday, without specifying details.

Canadian stocks climbed higher on Tuesday thanks to recent strong economic data. The benchmark S&P/TSX Composite Index turned weak after a firm start, but recovered to settle with a gain of 47.43 points or 0.17% at 27,364.43.

Asian stocks settled mostly higher on Wednesday amid easing trade concerns after Trump announced trade agreements with Japan and Philippines.

The "largest ever" U.S. trade deal with Japan features a 15 percent tariff on Japanese exports and includes a commitment from Tokyo to invest $550 billion in the United States and open its markets for American vehicles, rice, and other agricultural goods.

Trump claimed the U.S. would receive 90 percent of profits from the agreement and that the pact could generate hundreds of thousands of American jobs.

The major European markets are up firmly in positive territory today amid rising prospects of the EU clinching a trade deal with the U.S. ahead of the August 1 deadline.

In commodities trading, West Texas Intermediate Crude oil futures are down $1.34 or 2.02% at $64.87 a barrel.

Gold futures are down $9.00 or 027% at $3,434.80 an ounce, while Silver futures are up $0.175 or 0.44% at $39.730 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 25 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 51 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 2 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 13 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 25 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 31 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 36 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 44 Minuten

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