TSX Modestly Higher, Set For Another Positive Close

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TSX Modestly Higher, Set For Another Positive Close

(RTTNews) - The Canadian market looks set to end on a positive note on Wednesday thanks to strong gains in industrials and technology sectors.

Concerns about tariff threats by U.S. President Donald Trump appear to be limiting market's upside. The U.S. President has repeated his threat to impose tariffs on imports from European countries. He also said his administration was discussing imposing an additional 10% tariff on goods imported from China, starting in February.

Tech stocks are gaining in strength thanks to upbeat sales and earnings reported by Netflix, and Oracle's continued rise on U.S. President Donald Trump's announcement of a private sector investment of up to $500 billion to fund artificial intelligence infrastructure.

The benchmark S&P/TSX Composite Index is up 70.87 points or 0.28% at 25,352.50 with about an hour to go for the closing bell.

Technology stocks Sylogist (SYZ.TO) and Celestica Inc (CLS.TO) are up 6.3% and 3.7%, respectively. Coveo Solutions (CVO.TO), Enghouse Systems (ENGH.TO), Descartes Systems Group (DSG.TO), Contellation Software (CSU.TO), BlackBerry (BB.TO) and CGI Inc (GIB.A.TO) are up 1 to 2%.

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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 | il y a 4h 47min
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 | il y a 5h 30min
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 | il y a 7h 27min
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 | il y a 7h 30min
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 | il y a 7h 51min
U.S. Durable Goods Orders Plunge 2.2% In October, More Than Expected

U.S. Durable Goods Orders Plunge 2.2% In October, More Than Expected

Reflecting a steep drop in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of October. The report said durable goods orders tumbled by 2.2 percent in October after climbing by an upwardly revised 0.7 percent in September.
RTTNews | il y a 8h 5min