Bay Street Likely To Open On Firm Note

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(RTTNews) - Canadian shares are headed for a fairly bright start Friday morning, tracking firm global stocks and higher commodity prices. The focus will be on Canadian GDP, and U.S. personal expenditure data.

Data on Canadian GDP for the month of July is due at 8:30 AM ET. Preliminary data on GDP for the month of August is also due at 8:30 AM ET.

A report on Canadian government budget balance for the month of July is due at 11 AM ET. Canada's budget surplus narrowed to C$2.1 billion in June, from C$4.9 billion in the corresponding month of the previous year.

BlackBerry Ltd. (BB.TO) reported a net loss of US$42 million for the second quarter as revenues declined 21% from a year earlier. The company had posted a net loss of US$54 million in the second quarter of the previous financial year.

Aritzia Inc. (ATZ.TO) reported second quarter net revenue of $534 million, an increase of approximately 2% on top of outstanding growth of 50% in the second quarter of Fiscal 2023 and 75% in the second quarter of Fiscal 2022.

After declining sharply in the previous two sessions, the Canadian market turned in a positive performance on Thursday with several stocks moving higher on bargain hunting.

Consumer discretionary, consumer staples, technology, materials and financials stocks posted strong gains. Several stocks from industrials and communications sectors gained as well.

The benchmark S&P/TSX Composite Index ended with a gain of 154.76 points or 0.8% at 19,590.74, after scaling a low of 19,409.62 and a high of 19,629.01 intraday.

Asian stocks ended mostly higher on Friday, with Hong Kong leading regional gains. Underlying sentiment was underpinned by a fall in oil prices and declining bond yields ahead of key U.S. inflation reading due later in the day.

Trading volumes were thin due to holidays in mainland China and South Korea.

European shares are notably higher, extending gains from the previous session, after data showed Eurozone inflation hit a two-year low in September - supporting expectations that the European Central Bank will keep interest rates on hold.

Eurostat reported that the Eurozone's annual inflation rate fell to 4.3% year-on-year in September, marking the lowest level since October 2021.

Elsewhere, data showed the British economy grew stronger than expected in the first quarter.

In commodities, West Texas Intermediate Crude oil futures are up $1.07 or 1.15% at $92.78 a barrel.

Gold futures are gaining $5.70 or 0.3% at $1,884.30 an ounce, while Silver futures are up $0.534 or 2.35% at $23.275 an ounce.

Canadian Market Looks Headed For Another Positive Close

The Canadian market is firmly placed in positive territory Thursday afternoon, thanks largely to a fine performance by several technology stocks, and a few frontline stocks from consumer discretionary, real estate, communications and financials sectors.

RTTNews | hace 51 minutos

Swiss Market Closes On Buoyant Note

The Switzerland market closed on a strong note on Thursday, in line with most of the markets across Europe, amid rising expectations of a rate cut by the Federal Reserve, and easing concerns about tariffs.

RTTNews | hace 1h 26min

European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European stocks closed mostly higher on Thursday, with most of the markets in the region gaining for a second straight day amid cooling bond markets. Still, the mood in the markets remained a bit cautious with investors looking ahead to crucial U.S. non-farm payroll data on Friday.

RTTNews | hace 2h 1min

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 | hace 4h 28min

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 | hace 4h 46min

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 | hace 5h 16min

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 | hace 5h 20min

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 | hace 5h 37min

EURUSD	1.16448	GBPUSD	1.34268	AUDUSD	0.65138
USDJPY	148.534	USDCAD	1.38273	USDCHF	0.80617