TSX Ends Higher For 6th Straight Day

RTTNews | hace 1032
TSX Ends Higher For 6th Straight Day

(RTTNews) - The Canadian stock market ended on a strong note on Friday, extending recent gains, amid easing concerns about interest rates and expectations about economic growth.

The soft inflation data from the Labor Department on Thursday has raised hopes the Federal Reserve will slow its pace of rate hikes in the coming months.

The benchmark S&P/TSX Composite Index ended with a gain of 148.90 points or 0.74% at 20,360.10, gaining for a sixth straight session. The index touched a low of 20,147.57 and a high of 20,379.95.

Technology stocks turned in a fine performance. Industrials, consumer staples and financials shares found good support. Stocks from other sectors ended mixed.

Hut 8 Mining Corp (HUT.TO), up 11.6%, was the top gainer in the Information Technology Capped index. Shopify Inc (SHOP.TO) climbed 6.1% and Tecsys Inc (TCS.TO) surged 3.5%. Celestica Inc (CLS.TO), Quarterhill (QTRH.TO), Nuvei Corp (NVEI.TO) and Descartes Systems Group (DSG.TO) also ended sharply higher.

Industrials shares Bombardier Inc (BBD.B.TO), Waste Connections (WCN.TO), Ballard Power Systems (BLDP.TO), Canadian Pacific Railway (CP.TO) and Gfl International (GFL.TO) gained 1.7 to 2.35%.

In the consumer staples section, Saputo Inc (SAP.TO) climbed about 3.25%. Alimentation Couche-Tard (ATD.TO) and Premium Brands Holdings Corp (PBH.TO) gained 1.12% and 1.02%, respectively.

Bank stocks Canadian Imperial Bank of Commerce (CM.TO), Bank of Nova Scotia (BNS.TO), Bank of Montreal (BMO.TO) and Toronto-Dominion Bank (TD.TO) gained 0.7 to 1.2%.

read more
Asian Shares End On Mixed Note

Asian Shares End On Mixed Note

Asian stocks gave up early gains to end mixed on Tuesday after rising in the previous session as U.S. lawmakers moved toward reopening the federal government.
RTTNews | hace 1h 46min
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic sentiment from Germany are the major economic reports due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK labor market statistics. The jobless rate is forecast to rise to 4.9 percent in the three months to September from 4.8 percent in the preceding period.
RTTNews | hace 3h 40min
Sensex, Nifty Modestly Lower In Cautious Trade

Sensex, Nifty Modestly Lower In Cautious Trade

Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.
RTTNews | hace 5h 59min
Australian Market Slips To Losses In Mid-market

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
RTTNews | hace 7h 2min
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.
RTTNews | hace 7h 21min
Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.
RTTNews | hace 7h 54min