Bay Street Seen Opening On Mixed Note

RTTNews | 53 दिनों पहले
Bay Street Seen Opening On Mixed Note

(RTTNews) - Canadian shares are likely to open on a mixed note Wednesday morning with investors assessing the potential impact of impending tariffs from the U.S., and tracking commodity prices and the trend in European markets.

The mood is likely to remain cautious as investors await crucial U.S. PCE data later in the week for more clarity about the Federal Reserve's interest rate moves.

Sangoma Technologies Corporation (SANG.TO) announced a Normal Course Issuer Bid - NCIB for its common shares following the early achievement of its debt reduction targets. Earlier this week, the company made an additional $2.9 million debt repayment, bringing total Q3 repayments to $7.3 million and fully settling Term Loan 1.

Dundee Corporation (DC-A.TO) reported fourth-quarter net loss of $8.2 million compared with a profit of $2.8 million, a year earlier. The company said fourth-quarter loss from all portfolio investments widened to $2.1 million compared with a loss of $0.8 million, a year-ago.

The Canadian market ended marginally up on Tuesday, supported by gains in consumer staples, materials and communications sectors.

Although optimism about some tariff exemptions by the Trump administration lifted the market early on in the session, investors turned cautious, choosing to wait for more clarity about the U.S. President's moves.

The benchmark S&P/TSX Composite Index ended with a gain of 35.40 points or 0.14% at 25,339.51, after scaling a low of 25,318.27 and a high of 25,454.86 intraday.

Asian stocks closed mostly higher on Wednesday despite deteriorating U.S. consumer confidence in the face of tariff fears coincided with economists' forecasts suggesting a risk of stagflation and rising odds of recession.

Japanese markets advanced after Prime Minister Shigeru Ishiba pledged to take "strong measures" to counter soaring prices.

European stocks broadly lower, although the U.K. market outperforms thanks to data showing a smaller than expected increase in inflation in the month of February.

In commodities, West Texas Intermediate Crude oil futures are up $0.61 or 0.88% at $69.61 a barrel.

Gold futures are gaining $6.30 or 0.21% at $3,032.10 an ounce, while Silver futures are up $0.093 or 0.27% at $34.280 an ounce.

read more
China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
RTTNews | 58 मिनटों पहले
Thai Downgrades GDP Growth Outlook

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
RTTNews | 2घंटे 31 मिनट पहले
Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...
RTTNews | 3घंटे 23 मिनट पहले
Australian Market Halves Early Losses In Mid-market

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
RTTNews | 5घंटे 1 मिनट पहले
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.
RTTNews | 5घंटे 18 मिनट पहले
Sensex, Nifty Seen Lower On US Debt Concerns

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.
RTTNews | 5घंटे 49 मिनट पहले