TSX Ends On Weak Note, Sheds 1.2% In Week

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(RTTNews) - The Canadian market ended on a weak note on Friday, weighed down by losses in energy, consumer staples and utilities sections.

The mood remained cautious amid concerns about high interest rates and global economic slowdown. Weak commodity prices weighed as well.

The benchmark S&P/TSX Composite Index ended with a loss of 49.47 points or 0.25% at 19,541.27. The index touched a low of 19,529.94 and a high of 19,707.58 intraday.

The index shed 1.2% in the week, and about 3.7% in September. In the July-September quarter, it posted a loss of about 3%.

On the economic front, data from Statistics Canada showed the Canadian GDP stagnated in July, matching the initial estimate, and following a 0.2% decline in June. According to preliminary estimates, Canada's economy is expected to have grown by 0.1% in August.

Consumer staples stocks Alimentation Couche-Tard (ATD.TO) and Jamieson Wellness Inc (JWEL.TO) ended lower by 3.28% and 1.7%, respectively.

In the energy sector, Precision Drilling Corporation (PD.TO), Topaz Energy (TPZ.TO), Suncor Energy (SU.TO), Canadian Natural Resources (CNQ.TO), Whitecap Resources (WCP.TO) and Tourmaline Oil Corp (TOU.TO) lost 1 to 2.2%.

Consumer discretionary stock Aritzia Inc (ATZ.TO) gained nearly 6%. Aritzia reported second quarter net revenue of $534 million, an increase of approximately 2% on top of outstanding growth of 50% in the second quarter of Fiscal 2023 and 75% in the second quarter of Fiscal 2022.

BlackBerry (BB.TO) reported a net loss of US$42 million for the second quarter as revenues declined 21% from a year earlier. The company had posted a net loss of US$54 million in the second quarter of the previous financial year. The stock ended down nearly 0.5%.

Cameco Corporation (CCO.TO), Fairfax Financial Holdings (FFH.TO), Bank of Nova Scotia (BNS.TO), Nutrien (NTR.TO), Cargojet (CJT.TO) and Stantec (STN.TO) lost 1 to 3%.

Tecsys Inc (TCS.TO) soared nearly 11%. Cogeco Inc (CGO.TO) climbed 5.3%. Docebo Inc (DCBO.TO), First Quantum Minerals (FM.TO), Shopify Inc (SHOP.TO), Kinaxis Inc (KXS.TO), BRP Inc (DOO.TO), Teck Resources (TECK.B.TO), Cogeco Communications (CCA.TO) and Descartes Systems Group (DSG.TO) also posted strong gains.

European Stocks Close Higher On Bargain Hunting, Fairly Positive Economic Data

European stocks closed broadly higher on Wednesday as slightly encouraging data on private sector activity in the region aided sentiment. Bargain hunting at several counters after Tuesday's decline helped as well in pushing up prices.

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Consumer Staples, Materials Stocks Rise As TSX Hits New Record High

The Canadian market is up in positive territory a little past noon on Wednesday, thanks to strong gains in consumer staples, materials and technology sectors. Energy and healthcare stocks are weak, while shares from rest of the sectors are turning in a mixed performance.

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U.S. Job Openings Fall To Ten-Month Low In July

Job openings in the U.S. fell to their lowest level in ten months in July, according to a report released by the Labor Department on Wednesday. The Labor Department said job openings dipped to 7.181 million in July after tumbling to a downwardly revised 7.357 million in June.

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U.S. Factory Orders Slump Roughly In Line With Estimates In July

A report released by the Commerce Department on Wednesday showed an extended slump by new orders for U.S. manufactured goods in the month of July. The Commerce Department said factory orders fell by 1.3 percent in July after plunging by 4.8 percent in June. Economists had expected factory orders to decrease by 1.4 percent.

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Eurozone Private Sector Growth At 1-Year High

The euro area private sector expanded at the fastest pace in a year in August but the overall pace was sluggish as the service sector held back growth, final survey data from S&P Global showed on Wednesday. The HCOB composite output index rose to 51.0 in August from 50.9 in July. The score was slightly below the initial estimate of 51.1.

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Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a somewhat mixed note on Wednesday, tracking commodity prices. With some crucial economic data, including jobs data from Canada and the U.S. due later in the week, the mood is likely to remain cautious.

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FTSE Up Nearly 0.6%; Miners Among Top Gainers

The U.K. market remains well placed in positive territory in early afternoon trades on Wednesday, coming back strongly after posting a notable loss in the previous session. Mining stocks are among the prominent gainers.

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CAC 40 Up Nearly 1%; Schneider Electric Rises Over 3.5%

French stocks are up firmly in positive territory on Wednesday, recovering strongly after suffering a setback in the previous session amid concerns over debt sustainability in major economies across Europe and Asia, and political uncertainty in France.

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EURUSD	1.16627	GBPUSD	1.34424	AUDUSD	0.65445
USDJPY	148.03	USDCAD	1.37967	USDCHF	0.80382