Bay Street May Open On Weak Note

RTTNews | 58 दिनों पहले
Bay Street May Open On Weak Note

(RTTNews) - Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.

In the Oval Office on Monday, Trump spoke of Washington's strength in its standoff with Beijing and warned that if he played the "incredible cards" at his disposal, it would "destroy China."

In earnings news, The Bank of Nova Scotia (BNS.TO) reported third quarter net income of C$2.5 billion compared to C$1.9 billion, last year. Diluted earnings per share was C$1.84, compared to C$1.41.

BMO Financial Group reported a net income of $2.33 billion or $3.14 per diluted share for the quarter ended July 31, compared with a profit of $1.87 billion or $2.48 per diluted share in the same quarter last year.

CGI Inc. (GIB-A.TO) said that the State of New Jersey has awarded it a 10-year contract to improve the State Integrated Recovery Operations Management Systems (SIROMS). Under the new contract, CGI will help the state to efficiently manage the relief funds and reduce the cost of natural disaster recovery.

In economic news, data from Statistics Canada showed manufacturing sales in Canada increased 1.8% in July, after a 0.3% increase in June.

Wholesale sales likely rose by 1.3% month-over-month in July 2025, following a 0.7% increase in the previous month, according to preliminarty estimates.

The Canadian market ended weak on Monday as investors resorted to profit-taking from last week's record high close. However, selling pressure was somewhat subdued amid renewed hopes of BoC rate cuts in line with anticipated US Fed rate cuts.

The benchmark S&P/TSX Composite, which touched a low of 28,138.70 early on in the session, settled at 28,169.94, down by 163.19 points or 0.58%.

Asian stocks closed lower on Tuesday as Fed independence concerns resurfaced and investors awaited Nvidia results amid hopes it can soothe fears about AI spending.

Trade tensions also kept investors on edge, with U.S. President Donald Trump threatening 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.

The major European markets are down in negative territory today amid concerns about political uncertainty in France, and renewed trade worries.

In commodities trading, West Texas Intermediate Crude oil futures are down 1.16 or 1.76% at $63.64 a barrel.

Gold futures are gaining $10.00 or 0.3% at $3,427.50 an ounce, while Silver futures are down $0.188 or 0.49% at $38.515 an ounce.

read more
Malaysia Bourse May Remain Rangebound On Friday

Malaysia Bourse May Remain Rangebound On Friday

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had picked up less than a point. The Kuala Lumpur Composite Index now sits just beneath the 1,610-point plateau and it's likely to remain in that neighborhood again on Friday.
RTTNews | 15 मिनटों पहले
Japan Stock Market May Halt Losing Streak

Japan Stock Market May Halt Losing Streak

The Japanese stock market has finished lower in back-to-back sessions, retreating more than 675 points or 1.4 percent in that span. The Nikkei 225 now sits just above the 48,640-point plateau although it may find traction on Friday.
RTTNews | 30 मिनटों पहले
Rebound Anticipated For South Korea Shares

Rebound Anticipated For South Korea Shares

The South Korea stock market on Thursday ended the six-day winning streak in which it had surged more than 320 points or 8.6 percent to a record closing high. The KOSPI now rests just beneath the 3,850-point plateau although it may bounce higher again on Friday.
RTTNews | 45 मिनटों पहले
Swiss Franc Rises Against Majors

Swiss Franc Rises Against Majors

The Swiss franc advanced against its major counterparts in the New York session on Thursday.
RTTNews | 1घंटे 14 मिनट पहले
Japan Inflation Data Due On Friday

Japan Inflation Data Due On Friday

Japan will on Friday release September figures for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In August, overall inflation was up 0.1 percent on month and 2.7 percent on year, while core CPI also rose an annual 2.7 percent.
RTTNews | 1घंटे 45 मिनट पहले
Canadian Market Headed For Another Strong Finish

Canadian Market Headed For Another Strong Finish

The Canadian market remains firmly up in positive territory Thursday afternoon, lifted by gains in energy, technology, materials and consumer discretionary stocks. Expectations of an interest rate cut by the Canadian central bank next week, and hopes the upcoming national budget will contain some proposals for huge funding in major initiatives.
RTTNews | 5घंटे 26 मिनट पहले
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

The Switzerland market ended on a weak note on Thursday after languishing in negative territory right through the day's session.
RTTNews | 5घंटे 58 मिनट पहले