Canadian Market Up Firmly In Positive Territory; Technology Stocks Up Sharply

RTTNews | hace 162
Canadian Market Up Firmly In Positive Territory; Technology Stocks Up Sharply

(RTTNews) - The Canadian market is up firmly in positive territory in early afternoon trades on Wednesday with stocks from technology, energy and consumer staples sectors moving higher on strong buying support.

Financial and industrials shares are among the other notable gainers.

Despite lingering worries about growth due to Trump's tariffs and warning of more leveies, investors are picking up technology stocks, tracking Nasdaq, ahead of the Federal Reserve's monetary policy announcement due later in the day.

The benchmark S&P/TSX Composite Index was up 293.69 points or 1.18% at 24,999.76 a little while ago.

The Information Technology Capped Index is up 2.6%. Shopify Inc is up 8% after it announced it will change its US listing to the Nasdaq from the NYSE.

Coveo Solutions is rising 6.3%. Computer Modelling, Bitfarms, Celestica and Docebo are gaining 2 to 4.5%.

Energy stocks Baytex Energy, Advantage Oil & Gas, Canadian Natural Resources, Ces Energy Solutions, Cenovus Energy, Birchcliff Energy, Precision Drilling Corp. Veren, Peyto Exploration and Whitecap Resources are up 2 to 3.4%.

Consumer staples stocks Jamieson Wellness and Alimentation Couche-Tard are up 5% and 3.75%, respectively, with the latter rising on strong quarterly earnings. Loblaw, Empire Company, George Weston and The North West Company are up 1.3 to 2%.

Boyd Group Services shares are down 4% after reporting a sharp drop in earnings. The company reported net earnings of US$ 2.4 million of US$ 0.11 per share for the three months ended December 31, 2024, compared with US $19.1 million or US $0.89 per share a year earlier.

read more
Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.
RTTNews | hace 58 minutos
European Stocks Close Weak

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.
RTTNews | hace 1h 18min
U.S. Pending Home Sales Fall More Than Expected In July

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 | hace 4h 18min
Eurozone Economic Confidence Weakens In August

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 | hace 4h 29min
U.S. Economy Surges More Than Previously Estimated In Q2

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 | hace 4h 52min
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

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 | hace 4h 58min