Bay Street Seen Opening Higher Again

RTTNews | hace 80

(RTTNews) - Canadian shares are likely to extend recent gains on Tuesday following U.S. President Donald Trump's decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.

Weak crude oil and metal prices may weigh on energy and materials stocks and limit market's upside.

In earnings news, Bank of Nova Scotia (BNS.TO) reported second-quarter net income of $2.03 billion, compared to $2.09 billion during the same period a year ago. The bank's adjusted net income was $2.07 billion, compared to $2.10 billion a year ago.

On the economic front, data from Statistics Canada showed wholesale Sales in Canada decreased to -0.9% in April from 0.2% in March of 2025.

The Canadian market ended on a bright note on Monday as trade tensions eased following the U.S. President Donald Trump deciding to delay the implementation of 50% tariffs on EU goods till July 9th, following a call from European Union Commission President Ursula von der Leyen.

The benchmark S&P/TSX Composite Index ended the session with a gain of 193.18 points or 0.75% at 26,073.13, a new closing high, after scaling a record intraday high at 26,123.23. Technology, real estate, industrials and consumer discretionary stocks were the prominent gainers.

Asian stocks ended mixed on Tuesday after a lackluster performance, as investors awaited new tariff updates and assessed the impact of U.S. President's policies on global growth.

European stocks are up firmly today amid easing U.S.-EU trade tensions following the pause in implementation of 50% tariffs on EU goods.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.35 or 0.57% at $61.18 a barrel.

Gold futures are down $0.73.40 or 2.17% at $3,292.60 an ounce, while Silver futures are down $0.519 or 1.54% at $33.090 an ounce.

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.

RTTNews | hace 29 minutos

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.

RTTNews | hace 47 minutos

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.

RTTNews | hace 1h 16min

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.

RTTNews | hace 1h 40min

U.S. Consumer Sentiment Index Unexpectedly Decreases In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday.

RTTNews | hace 2h 7min

U.S. Import Price Growth Exceeds Estimates In July

The Labor Department released a report on Friday showing import prices in the U.S. increased by more than expected in the month of July. The report said import prices climbed by 0.4 percent in July after a downwardly revised 0.1 percent dip in June. Economists had expected import prices to inch up by 0.1 percent, matching the 0.1 percent uptick originally reported for the previous month.

RTTNews | hace 2h 14min

U.S. Retail Sales Climb 0.5% In July, In Line With Estimates

A report released by the Commerce Department on Friday showed retail sales in the U.S. increased in line with economist estimates in the month of July. The Commerce Department said retail sales climbed by 0.5 percent in July after jumping by an upwardly revised 0.9 percent in June.

RTTNews | hace 2h 47min

U.S. Industrial Production Edges Slightly Lower In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July.

RTTNews | hace 2h 55min

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