TSX Rises 0.8%, Ends At 1-month High

RTTNews | hace 833

(RTTNews) - The Canadian market ended on a strong note on Friday, led by gains in healthcare, technology and materials shares.

Several stocks from consumer discretionary, industrials, real estate, financials and communications sectors also posted impressive gains.

The mood in the market remained quite positive right through the day's session amid hopes the central banks will slow the pace of interest rate hikes. Optimism about Chinese economy helped as well.

The benchmark S&P/TSX Composite Index ended with a gain of 161.77 points or 0.8% at 20,503.21, a new one-month closing high.

The Health Care Capped Index climbed nearly 2.5%. Bellus Health Inc (BLU.TO) and Bausch Health Companies (BHC.TO) gained about 4.4% and 4%, respectively. Tilray Inc (TLRY.TO) climbed 2.3%, while Cronos Group (CRON.TO) and Canopy Growth Corp (WEED.TO) both gained about 1.8%.

The Information Technology Capped Index gained 2.4%. Hut 8 Mining Corp (HUT.TO) and Magnet Forensics (MAGT.TO) soared 14.4% and nearly 14%, respectively. Tecsys Inc (TCS.TO), Shopify Inc (SHOP.TO) and Dye & Durham (DND.TO) gained 5.4 to 6%.

Materials shares Interfor Corp (IFP.TO), Oceanagold (OGC.TO), Algoma Steel Group (ASTL.TO), Wesdome Gold Mines (WDO.TO), Canfor Corp (CFP.TO), Lithium Americas Corp (LAC.TO) and West Fraser Timber (WFG.TO) gained 3 to 6%.

Among gainers from other sectors, Mty Food Group (MTY.TO), Canada Goose Holdings (GOOS.TO), Ballard Power Systems (BLDP.TO), Westshore Terminals (WTE.TO), Goeasy (GSY.TO), Onex Corp (ONEX.TO), CI Financial Corp (CIX.TO), IGM Financial (IGM.TO) and Fairfax Financial Holdings (FFH.TO) advanced 2 to 5%.

In economic news, retail sales in Canada likely rose 0.5% month-over-month in December of 2022, preliminary estimates showed. In November, retail sales dropped 0.1% from a month earlier, after seeing an increase of 1.3% (revised) in October.

Retail sales in Canada increased 5.2% in November of 2022, over the same month in the previous year, the data frm Statistics Canada showed.

U.S. Dollar Recovers After Jobs Data

The U.S. dollar rebounded against its major counterparts in the New York session on Friday, after the release of better-than-expected non farm payrolls report for April.

RTTNews | hace 7h 12min

Swiss Market Ends On Bright Note

The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.

RTTNews | hace 9h 52min

European Stocks Close On Buoyant Note

European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.

RTTNews | hace 10h 13min

Canadian Market Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States. Data showing a much higher than expected increase in U.S. non-farm payroll growth in the month of April is also aiding sentiment.

RTTNews | hace 11h 10min

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.

RTTNews | hace 13h 8min

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.

RTTNews | hace 14h 2min

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.

RTTNews | hace 14h 26min

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.

RTTNews | hace 14h 38min

EURUSD	1.13037	GBPUSD	1.32767	AUDUSD	0.64436
USDJPY	144.966	USDCAD	1.38103	USDCHF	0.8268

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TSX Rises 0.8%, Ends At 1-month High