TSX Settles Modestly Higher As Technology, Telecom Stocks Move Up

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(RTTNews) - The Canadian market closed on a firm note on Thursday, supported by gains in communications, real estate and technology sectors amid slightly easing worries about global trade war after U.S. President Donald Trump refrained from imposing any reciprocal tariffs on foreign nations for now.

Investors largely tracked quarterly earnings news for direction.

The benchmark S&P/TSX Composite Index settled with a gain of 135.40 points or 0.53% at 25,698.51.

The Information Technology Capped Index climbed nearly 2%. Shopify Inc (SHOP.TO) rallied 5.2%. Docebo Inc (DCBO.TO), Descartes Systems (DSG.TO) and Constellation Software (CSU.TO) gained 1.7 to 2%. Bitfarms (BITF.TO) gained 2.6%.

Telecom stock Telus Corp (T.TO) gained about 3.75%. 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) closed 1.2% up, while BCE Inc (BCE.TO), Cogeco Communications (CCA.TO) and Quebecor Inc (QBR.B.TO) posted moderate gains.

Real estate stocks Smartcentres Real Estate, Choice Properties, Riocan Real Estate, Crombie Real Estate Investment, Firstservice Corp and Primaris REIT gained 1.2 to 3%.

Molson Coors Canada (TPX.B.TO), Ero Copper (ERO.TO), First Quantum Minerals (FM.TO), WSP Global (WSP.TO), Brookfield Asset Management (BAM.TO) and BRP Inc (DOO.TO) were some of the other notable gainers in the session.

Calian Group (CGY.TO) tanked 9.5%. The company 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%.

Sun Life Financial (SLF.TO) declined sharply after fourth-quarter results fell short of expectations.

Mullen Group (MTL.TO), Kinross Gold (K.TO), Coveo Solutions (CVO.TO), Dye & Durham (DND.TO), West Fraser Timber (WFG.TO) and Enerflex (EFX.TO) were among other notable losers.

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, on optimism about amicable trade deals being reached between the US and its trade partners over the weekend after the recent uncertainty. Major currencies in the region also strengthened against the US dollar. Asian markets closed mixed on Tuesday.

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Sensex, Nifty Set For Positive Start

Indian shares may open on a positive note Wednesday as new data portrayed a healthy U.S. labor market despite increased risks from trade policy.

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Australia GDP Adds 0.2% On Quarter In Q1

Australia's gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Australian Bureau of Statistics said on Wednesday.

RTTNews | 1घंटे 39 मिनट पहले

Rebound Anticipated For Thai Stock Market

Ahead of the long holiday weekend for Queen Suthida's birthday, the Thai stock market headed south again on Friday, one day after ending the two-day slide in which it had dropped almost 20 points or 1.5 percent. The Stock Exchange of Thailand now rests just beneath the 1,150-point plateau although it's likely to bounce higher again on Wednesday.

RTTNews | 1घंटे 42 मिनट पहले

Indonesia Stock Market Poised To Halt Its Slide

The Indonesia stock market has moved lower in three straight sessions, sinking more than 150 points or 2.2 percent along the way. The Jakarta Composite Index now rests just above the 7,040-point plateau although it may stop the bleeding on Wednesday.

RTTNews | 2घंटे 12 मिनट पहले

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Wednesday, reversing the slight losses in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 37,750 level, with gains across most sectors led by index heavyweights and technology stocks.

RTTNews | 2घंटे 14 मिनट पहले

Hong Kong Shares May Extend Tuesday's Gains

The Hong Kong stock market on Tuesday snapped the two-day slide in which it had stumbled more than 410 points or 1.9 percent. The Hang Seng Index now sits just above the 23,510-point plateau and it's expected to open in the green again on Wednesday,

RTTNews | 2घंटे 27 मिनट पहले

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,500 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by energy and technology stocks.

RTTNews | 2घंटे 34 मिनट पहले

EURUSD	1.13666	GBPUSD	1.35156	AUDUSD	0.64597
USDJPY	144.055	USDCAD	1.37223	USDCHF	0.82393

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TSX Settles Modestly Higher As Technology, Telecom Stocks Move Up