TSX Extends Gains To 4th Straight Session, Rises More Than 1%

RTTNews | hace 1082

(RTTNews) - Canadian stocks ended on a bright note on Monday, extending gains to a fourth straight session, as optimism about a slowdown in U.S. inflation triggered some strong buying in the market.

Firm crude oil prices contributed as well to market's fairly impressive uptick.

The benchmark S&P/TSX Composite Index ended with a gain of 213.89 points or 1.08% at 19,987.23. The index climbed to a high of 20,032.60, rising about 20,000 mark for the first time in about two weeks.

The Energy Capped Index surged nearly 2%. Topaz Energy (TPZ.TO) topped the list of gainer, rising 6.3%. Paramount Resourcces (POU.TO), Freehold Royalties (FRU.TO), Nuvista Energy (NVA.TO) and Tourmaline Oil Corp (TOU.TO) gained 3 to 5%.

Consumer discretionary stocks Aritzia (ATZ.TO), Gildan Activewear (GIL.TO), Canada Goose Holdings (GOOS.TO), Magna International (MG.TO), BRP Inc (DOO.TO) and Mty Food Group (MTY.TO) gained 2 to 5%.

Canopy Growth Corp (WEED.TO), Aurora Cannabis (ACB.TO), Tilray Inc (TLRY.TO) and Cronos Group (CRON.TO) were among the top gainers in the healthcare section.

In the industrials space, Badger Infrastructure Solutions (BDGI.TO) climbed 3.7%, while Cargojet (CJT.TO) and Brookfield Business Partners (BBU.UN.TO) both gained about 3.2%. Canadian Pacific Railway (CP.TO), Aecon Group (ARE.TO) and Mullen (MTR.TO) also posted sharp gains.

Financials stocks Laurentian Bank (LB.TO) and CI Financial Corp (CIX.TO) gained about 3% and 2.75%, respectively.

Technology stocks Quarterhill (QTRH.TO), Converge Technology Solutions (CTS.TO), Enghouse Systems (ENGH.TO) and Nuvei Corp (NVEI.TO) surged 3 to 4%.

Realty stocks Granite Real Estate Investment Trust (GRT.UN.TO), Dream Industrial (DIR.UN.TO), Allied Properties Real Estate Inv Trust (AP.UN.TO) and Choice Properties (CHP.UN.TO) gained 2.7 to 3.3%.

The U.S. inflation report, due on Tuesday, is expected to show a continued slowdown in the annual rate of consumer price growth to 8.1% in August from 8.5% in July.

German Inflation Accelerates To 2.2% In August

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RTTNews | hace 54 minutos

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | hace 3h 7min

Swiss Market Ends Modestly Lower

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RTTNews | hace 3h 43min

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | hace 4h 12min

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | hace 6h 57min

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | hace 7h 15min

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | hace 7h 59min

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | hace 8h 28min

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