Canadian Market Recovers After Weak Start; TSX Modestly Higher

RTTNews | hace 71

(RTTNews) - After opening with a negative gap and falling further in early trades, the Canadian market emerged into positive territory on Monday, led by gains in consumer staples, energy, communications and consumer discretionary sectors.

The market started off on a weak note amid fears U.S. President Donald Trump's economic policies and possible retaliatory actions by targeted countries will fuel inflation, keep interest rates higher and drag down global economic growth.

The benchmark S&P/TSX Composite Index, which tumbled to 24,534.35, losing about 225 points, was up 56.47 points or 0.23% at 24,815.62 at noon.

North West Company shares are up more than 5%. Restaurant Brands International is gaining 4% and Precision Drilling Corporation is up 3.25%.

Molson Coors Canada, Empire Company, Cogeco, Loblaw Companies, Metro Inc., George Weston, Intact Financial Corporation, Cogeco Communications, RB Global, Imperial Oil, Great-West Lifeco and ATCO are up 2 to 3%.

SSR Mining Inc shares are plunging nearly 10%. Ivanhoe Minies, Dye & Durham, Celestica, Canada Goose Holdings, Teck Resources, E-L-Financial, Chorus Aviation, First Quantum Minerals, Shopify Inc., AutoCanada and BCE Inc are declining 2 to 5%.

BlackBerry, Lightspeed Commerce and Descartes Systems Group are also notably lower.

Westport Fuel Systems Inc shares are down more than 3%. The company announced that it has entered into a binding agreement to sell its interest in Westport Fuel Systems Italia S.r.l., which includes the Light-Duty segment, for a base purchase price of $73.1 million.

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RTTNews | hace 3h 6min

Crude Oil Prices Fade As US-China Talks Progress

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RTTNews | hace 3h 12min

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

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RTTNews | hace 5h 17min

European Stocks Close On Mixed Note

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RTTNews | hace 5h 33min

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | hace 6h 40min

EURUSD	1.14259	GBPUSD	1.34996	AUDUSD	0.65284
USDJPY	145.084	USDCAD	1.36676	USDCHF	0.82265

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Canadian Market Recovers After Weak Start; TSX Modestly Higher