TSX Continues To Climb Higher, Extends Winning Streak To 9th Straight Day

RTTNews | 176 दिनों पहले

(RTTNews) - Despite moving in a tight band in lackluster trade, the Canadian market closed higher on Friday, extending gains to a ninth straight day, the longest winning run in over three years. Worries about potential new tariffs by the U.S. weighed on sentiment and limited market's upside.

The benchmark S&P/TSX Composite Index closed up 34.41 points or 0.14% at 25,468.49, the highest finish in six weeks. The index gained about 1.6% in the week.

Communications and utilities shares were the notable gainers. Technology and energy stocks closed weak, while shares from the rest of the sectors closed on a mixed note.

Torex Gold Resources (TXG.TO), Canadian Tire Corporation (CTC.TO), Propel Holdings (PRL.TO), Boyd Group Services (BYD.TO) and Pollard Banknote (PBL.TO) gained 3 to 5%.

Pan American Silver Corp (PAAS.TO), Hut 8 Corp (HUT.TO), Magna International (MG.TO), CCL Industries (CCL.A.TO), Aritzia Inc (ATZ.TO), Rogers Communications (RCI.A.TO), Dayforce (DAY.TO), Wheaton Precious Metals (WPM.TO) and Constellation Software (CSU.TO) climbed 1.5 to 2.5%.

Richelieu Hardware (RCH.TO), Ag Growth International (AFN.TO), AtkinsRealis (ATRL.TO), Imperial Oil (IMO.TO), Nutrien (NTR.TO), Parkland Corporation (PKI.TO), Badger Infrastructure (BDGI.TO), ATS Corporation (ATS.TO) and Cameco Corporation (CCO.TO) lost 1.6 to 3.2%.

Agnico Eagle Mines (AEM.TO) gained 1.2%. Agnico Eagle Mines and O3 Mining (OIII.V) jointly announced that Agnico Eagle has taken-up and acquired 110,424,431 common shares of O3 Mining, representing approximately 94.1% of the outstanding common shares of O3 Mining on a basic basis, pursuant to its take-over bid.

In economic news, new home prices in Canada decreased by 0.1% over a month in December 2024, following a 0.1% increase in November, data from Statistics Canada showed. House Price Index decreased to 0.1% (y-o-y) in December from 0.2% in November of 2024.

Manufacturing sales in Canada rose by 0.6% from the previous month in December of 2024, expanding on the 0.8% rise in the previous month, according to a preliminary estimate.

Swiss Franc Rises Against Majors

The Swiss franc advanced against its major counterparts in the New York session on Friday.

RTTNews | 1 दिन पहले

Swiss Market Ends On Positive Note

Despite a couple of setbacks during the day's session, the Switzerland market managed to close modestly higher on Friday thanks to a few frontline stocks finding good support towards the closing minutes.

RTTNews | 1 दिन पहले

European Stocks Close On Mixed Note

Despite some fairly strong earnings updates, European stocks turned in a subdued performance on Friday on reports the U.S. President Donald Trump is looking to impose at least 15 to 20% tariffs on goods imported from the European Union irrespective even if a trade deal is arrived at.

RTTNews | 1 दिन पहले

TSX Retreats After Hitting New High

The Canadian market is down in negative territory in early afternoon trades on Friday, with stocks from communications, industrials and consumer discretionary sectors under pressure. However, the downside is limited as tariff concerns have eased a bit on reports that trade talks between Canada and South American countries, including Brazil and Argentina are in advanced stages.

RTTNews | 1 दिन पहले

U.S. Consumer Sentiment Reaches Five-Month High In July

After reporting a substantial rebound by U.S. consumer sentiment in the previous month, the University of Michigan released a report on Friday showing a more modest improvement by consumer sentiment in the month of July. The University of Michigan said its consumer sentiment index climbed to 61.8 in July after surging to 60.7 in June. Economists had expected the index to rise to 61.5.

RTTNews | 1 दिन पहले

U.S. Housing Starts Rebound More Than Expected In June

New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday. The Commerce Department said housing starts surged by 4.6 percent to an annual rate of 1.321 million in June after plunging by 9.7 percent to a revised rate of 1.263 million in May.

RTTNews | 1 दिन पहले

Bay Street Likely To Open Higher On Firm Commodities, Trade Deal Hopes

Higher U.S. and Canadian futures, firm commodity prices, and fairly encouraging U.S. economic data point to a positive start for the Canadian market Friday morning.

RTTNews | 1 दिन पहले

U.S. Housing Starts Surge 4.6% In June, More Than Expected

New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday.

RTTNews | 1 दिन पहले

EURUSD	1.1625	GBPUSD	1.3408	AUDUSD	0.6506
USDJPY	148.827	USDCAD	1.37216	USDCHF	0.8016

Advertisement

TSX Continues To Climb Higher, Extends Winning Streak To 9th Straight Day