TSX Ends Sharply Higher

RTTNews | vor 158 Tagen

(RTTNews) - The Canadian market closed on a firm note on Monday with stocks from several sectors moving higher as investors indulged in some strong buying amid slightly easing concerns about potential new tariffs by the Trump Administration.

Investors reacting to reports that the U.S. will likely adopt a more moderate, targeted approach to upcoming tariffs.

The benchmark S&P/TSX Composite Index closed with a gain of 335.62 points or 1.34% at 25,304.11. The index opened with a positive gap of nearly 100 points at 25,060.21, and climbed to a high of 25,357.80.

Technology stocks moved up sharply, tracking Nasdaq. Healthcare, financials, energy and industrials shares were among the other major gainers. Several stocks from real estate and consumer discretionary sectors too posted notable gains.

Corus Entertainment zoomed more than 26%. The company announced late last week that it has completed an assignment of all the indebtedness and obligations under its Seventh Amended and Restated Credit Agreement dated October 24, 2024.

MAG Silver gained nearly 6%. The company that its net income for fiscal 2024 rose to US$77.8 million, or US$0.75 per share, from US$47.8 million, or US$0.47 per share, last year.

Aritzia, Interfor, Tilray, Shopify, NexGen Energy, Brookfield Infrastructure, Celestica, Enerflex, Canada Goose Holdings, Cronos Group, Peyto Exploration, Onex Corporation, BRP Inc., Martinrea International, Colliers International Group, CAE, Brookfield, Linamar and Aurora Cannabis gained 3 to 6%.

On the economic front, manufacturing sales in Canada are expected to have declined by 0.2% month-over-month in February 2025, following a 1.7% rise in January, according to preliminary estimates.

Canada's CFIB Business Barometer long-term index, which measures 12-month forward expectations for business performance, tumbled 24.8 points to a record low of 25.0 in March, the levels seen during the 2020 pandemic, and the 9/11 attacks. The reading marked the largest monthly drop since the index's inception in 2000.

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Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | vor 50 Minuten

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | vor 1Std 27 Minuten

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | vor 1Std 55 Minuten

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | vor 4Std 40 Minuten

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | vor 4Std 59 Minuten

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RTTNews | vor 5Std 42 Minuten

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | vor 6Std 12 Minuten

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | vor 6Std 24 Minuten

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