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Canadian Market Looks Set To End Week On A Firm Note
(RTTNews) - The Canadian market remains firmly placed in positive territory Thursday afternoon, lifted by gains in communications, technology and real estate sectors recording impressive gains.
A few stocks from energy, consumer staples and utilities sectors are also up with strong gains.
Despite concerns about tariff and fears of a trade war, the mood in the market remains fairly bullish.
The benchmark S&P/TSX Composite Index is up 128.86 points or 0.5% at 25,691.97 with less than an hour to go for the closing bell.
Communications stock Telus Corp (T.TO) is up 3.5%. Telus reported fourth-quarter net income of $320 million, compared with net income of $310 million in the year-ago quarter.
Rogers Communications (RCI.B.TO) is rising 1.8%, while BCE Inc (BCE.TO) and Quebecor Inc (QBR.B.TO) are up 1.3% and 1.1%, respectively.
In the technology sector, Shopify Inc (SHOP.TO) is rising nearly 4%. Bitfarms (BITF.TO) and Descartes Systems Group (DSG.TO) are gaining 2.6% and 2%, respectively. Docebo Inc (DCBO.TO) is up 1.4%, while CGI Group Inc (GIB.A.TO) and Constellation Software (CSU.TO) are up 1% and 0.9%, respectively.
Real estate stocks Smartcentres Real Estate (SRU.UN.TO), Choice Properties (CHP.UN.TO), Riocan Real Estate (REI.UN.TO) and Crombie Real Estate Investment Trust (CRR.UN.TO) are up 2 to 3%.
Calian Group Inc. (CGY.TO) reported stronger-than-expected adjusted earnings of $10.5 million, or $0.88 per diluted share for the first quarter. However, the stock is tumbling 9%.
China Trade Data On Tap For Thursday
U.S. Dollar Drops Against Majors
Swiss Market Ends Notably Lower
European Stocks Close Mostly Higher On Earnings, Fed Rate Cut Hopes
Canadian Stocks Surge Higher Again; TSX Scales New Record High
India Holds Key Interest Rates Steady As Trade Tensions Escalate
Bay Street Looks Set To Extend Upmove
