TSX Fails To Hold Early Gains, Ends Moderately Lower

RTTNews | hace 1160
TSX Fails To Hold Early Gains, Ends Moderately Lower

(RTTNews) - After a slightly weak start and a subsequent positive spell that lasted around noon, the Canadian market fell into the red and finally ended moderately lower on Thursday.

Some upbeat earnings news from companies like IBM Corp. and AT&T lifted sentiment early on in the session, but stocks started losing ground as the day progressed as rising bond yields weighed.

Industrials, utilties, consumer discretionary and financials shares closed weak. Energy and technology stocks closed notably higher.

The benchmark S&P/TSX Composite Index ended with a loss of 95.11 points or 0.51% at 18,579.29.

Winpak Ltd (WPK.TO) ended more than 7% down. TFI International (TFII.TO), Cogeco Communications (CCA.TO), Canadian National Railway (CNR.TO), Canadian Pacific Railway (CP.TO) and BRP Inc (DOO.TO) lost 2.4 to 5%.

Magnet Forensics (MAGT.TO) rallied more than 6.5%. Shopify Inc (SHOP.TO) surged nearly 5% and First Quantum Minerals (FM.TO) gained 4.2%.

Bombardier Inc (BBD.B.TO), Enbridge Inc (ENB.TO), Lightspeed Commerce (LSPD.TO), Nuvei Corp (NVEI.TO) and Canadian Natural Resources (CNQ.TO) also posted strong gains.

read more
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European stocks closed higher on Tuesday with some of the markets hitting fresh highs, amid continued optimism the Federal Reserve will consider more rate cuts next year. The volume of business was thin in most the markets as traders remained on the sidelines ahead of upcoming Christmas holidays.
RTTNews | hace 9h 42min
Canadian Stocks Turning In Mixed Performance

Canadian Stocks Turning In Mixed Performance

Canadian stocks are turning in a mixed performance on Tuesday with investors digesting the nation's GDP data and a slew of economic reports from the U.S. With truncated sessions and holidays ahead, the mood in the market remains a bit subdued and the volume of business is rather thin.
RTTNews | hace 10h 25min
U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December

U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December

Consumer confidence in the U.S. deteriorated for the fifth consecutive month in December, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index slid to 89.1 in December from an upwardly revised 92.9 in November.
RTTNews | hace 12h 22min
U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected

U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November. The Fed said industrial production rose by 0.2 percent in November after edging down by 0.1 percent in October. Economists had expected industrial production to inch up by 0.1 percent.
RTTNews | hace 12h 25min
U.S. Economy Grows Much More Than Expected In Q3

U.S. Economy Grows Much More Than Expected In Q3

A report released by the Commerce Department on Tuesday showed the U.S. economy grew by much more than expected in the third quarter of 2025. The Commerce Department said real gross domestic product spiked by 4.3 percent in the third quarter after surging by 3.8 percent in the second quarter. Economists had expected GDP to jump by 3.3 percent.
RTTNews | hace 12h 46min