Canadian Market Remains Weak As Trade Tensions Weigh

RTTNews | 63天前
Canadian Market Remains Weak As Trade Tensions Weigh

(RTTNews) - The Canadian market is down in negative territory on Wednesday, weighed down by losses in utilities, real estate, healthcare and financials stocks.

Materials stocks are turning in a fine performance thanks to higher metal prices.

The mood is cautious amid escalating trade tensions following Trump's new tariffs, including a 104% total levy on Chinese imports taking effect, and China retaliating by announcing it will increase its tariffs on U.S. goods to 84% from 34% just after midnight on Thursday.

Members of the European Union have also voted in favor of the European Commission's proposal to introduce trade countermeasures against the U.S. in response to tariffs on imports of steel and aluminum from the EU.

The benchmark S&P/TSX Composite Index was down 170.87 points or 0.76% at 22,336.03 a little past noon.

Bausch Health Companies is down 7.4%. Allied Properties, Capstone Mining, Kelt Exploration, Birchcliff Energy, Riocan REIT, NuVista Energy, Keyera Corp, Ero Copper, Enbridge, Power Corporation of Canada and Fortis are down 3 to 5.4%.

Canadian Utilities, First Quantum Minerals, Atco, Shopify Inc., Bank of Montreal, Emerca Incorporated, Cogeco Communications, Pet Valu Holdings, EQB Inc., and Arc Resources are also notably lower.

Iamgold Corporation is rising 7.7%. Eldorado Gold, Alamos Gold, Kinross Gold, Lundin Gold, First Majestic Silver, Pan American Silver Corp., Orla Mining, B2Gold Corp., Agnico Eagle Mines, Barrick Gold Corporation, SSR Mining, Torex Gold Resources, Lightspeed Commerce and Parex Resources are up 3 to 6%.

read more
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 45分鐘前
European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The economy is forecast to shrink 0.1 percent on a monthly basis in April, reversing a 0.2 percent rise in March.
RTTNews | 2小時53分鐘前
Sensex, Nifty Subdued In Cautious Trade

Sensex, Nifty Subdued In Cautious Trade

Indian shares were subdued on Thursday as investors assessed U.S. President Donald Trump's declaration that a trade deal with China was "done" and that he would set unilateral tariff rates for trading partners within two weeks.
RTTNews | 3小時10分鐘前
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian market is doubling its early gains in mid-market moves on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners.
RTTNews | 3小時34分鐘前