Canadian Market Continues To Languish In Negative Territory

RTTNews | 837天前
Canadian Market Continues To Languish In Negative Territory

(RTTNews) - The Canadian market continues to languish in negative territory Wednesday afternoon with stocks from energy and consumer staples sectors posting sharp losses.

The benchmark S&P/TSX Composite Index, which drifted down to 20,580.50 around noon, is down 109.70 points or 0.52% at 20,657.68.

The Energy Capped Index is down more than 3%. Spartan Delta Corp (SDE.TO) is plunging nearly 10%. Crescent Point Energy (CPG.TO), Vermilion Energy (VET.TO) and Enerplus Corp (ERF.TO) are down 5 to 5.6%.

Cenovus Energy (CVE.TO), Whitecap Resources (WCP.TO), Baytex Energy (BTE.TO), Arc Resources (ARX.TO), Precision Drilling Corp (PD.TO) and Canadian Natural Resources (CNQ.TO) are down 3 to 4%.

Consumer staples stocks Loblaw Co (L.TO), Empire Company (EMP.A.TO), Metro Inc (MRU.TO), Premium Brands Holdings (PBH.TO), Weston George (WN.TO) and Saputo (SAP.TO) are down 1 to 2%.

Among the gainers, Linamar Corporation (LNR.TO), CGI Inc (GIB.A.TO), BRP Inc (DOO.TO) and Boralex (BLX.TO) are up 3 to 4.5%.

Magna International (MG.TO), Canadian Tire Corporation (CTC.A.TO), Cogeco Inc (CGO.TO), Descartes Systems Group (DSG.TO), Tfi International (TFII.TO) and Goeasy (GSY.TO) are gaining 1 to 2.7%.

On the economic front, the S&P Global Canada Manufacturing PMI rose to 51 in January 2022 from 49.2 in the previous month.

read more
Dollar Index Extends Gains On Trade Deal Optimism

Dollar Index Extends Gains On Trade Deal Optimism

Rising optimism surrounding trade deals between the U.S. and its trading partners, and in particular the significant easing in trade tensions between the U.S. and China bolstered the U.S. dollar during the week ended May 16.
RTTNews | 1小時25分鐘前
FTSE 100 Drifts Lower In Cautious Trade

FTSE 100 Drifts Lower In Cautious Trade

U.K. stocks are down in negative territory, losing ground after making a good upmove in the previous week. Investors, awaiting the outcome of a UK - European Union summit in London, are largely making cautious moves.
RTTNews | 2小時1分鐘前
CAC 40 Moderately Lower; BNP Paribas Rises On Buyback Announcement

CAC 40 Moderately Lower; BNP Paribas Rises On Buyback Announcement

French stocks are down in negative territory on Monday, retreating from a one-month high recorded in the previous session, as investors make cautious moves amid some concerns about global growth following a downward revision in U.S. credit rating.
RTTNews | 2小時44分鐘前
DAX Down Marginally In Cautious Trade

DAX Down Marginally In Cautious Trade

German stocks are exhibiting weakness on Monday in cautious trade after recent gains. Investors are assessing possible risks to global economic growth due to geopolitical tensions and tariff uncertainty, as well as a downgrade in U.S. sovereign debt.
RTTNews | 3小時10分鐘前
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 | 5小時31分鐘前