TSX Ends On Firm Note For 2nd Straight Day

RTTNews | hace 1085

(RTTNews) - The Canadian market ended on a strong note on Thursday, shrugging off a weak start and a mild setback around noon.

Despite hawkish comments from Fed Chair Jerome Powell that signaled aggressive rate hikes in the coming months, and the European Central Bank's sharp 75-basis points interest rate hike, Canadian stocks moved higher today.

Financials, materials and technology stocks posted strong gains. Several stocks from energy and industrials sectors too closed notably higher. Consumer staples and communications shares drifted down.

The benchmark S&P/TSX Composite Index ended with a gain of 171.56 points or 0.89% at 19,413.00.

Tecsys Inc (TCS.TO), Lithium Americas Corp (LAC.TO) and First Quantum Minerals (FM.TO) climbed 7.8 to 8.2%.

CCL Industries (CCL.A.TO), FirstService Corporation (FSV.TO), Bank of Nova Scotia (BNS.TO), BRP Inc (DOO.TO), WSP Global Inc (WSP.TO), TFI International (TFII.TO), goeasy (GSY.TO), Royal Bank of Canada (RY.TO) and Boyd Group Services (BYD.TO) gained 1 to 3.3%.

Shares of North West Company Inc (NWC.TO) plunged more than 6%. The company announced on Wednesday that its second-quarter net earnings decreased to $32.4 million compared to $42.4 million last year.

Canada Goose Holdings (GOOS.TO), Ritchie Bros. Auctioneers (RBA.TO), Quebecor Inc (QBR.TO), Descartes Systems Group (DSG.TO) and Precision Drilling (PD.TO) also declined sharply.

Dye & Durham Limited (DND) shares soared nearly 10%. The company announced on Thursday that the Australian Competition and Consumer Commission or ACCC has confirmed Link Administration Holdings Limited (LNK) that it will not oppose its proposed merger with Dye & Durham.

Equinox Gold Corporation (EQX.TO) shares drifted down nearly 4%. The company said that it has temporarily stopped its mining works at its Los Filos Mine in Mexico, citing an illegal blockade by members of the nearby Mezcala community.

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 1h 21min

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 41min

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | hace 2h 15min

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 41min

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 52min

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | hace 5h 3min

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 5h 15min

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 5h 21min

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