TSX Ends Moderately Lower

RTTNews | 550天前

(RTTNews) - The Canadian market ended on a weak note on Thursday as data showing a bigger than expected increase in U.S. producer price inflation dented hopes of an interest rate cut by the Federal Reserve in June.

Communications, consumer discretionary, consumer staples and healthcare stocks were among the major losers. Several stocks from materials, utilities and financials sectors also closed notably lower. Energy stocks found good support.

The benchmark S&P/TSX Composite Index, which tumbled to 21,737.51, ended with a loss of 140.26 points or 0.64% at 21,829.85.

Jamieson Wellness Inc (JWEL.TO) plunged 11.7%. Enghouse Systems (ENGH.TO) ended nearly 7% down. Magna International (MG.TO), West Fraser Timber (WFG.TO) and Cargojet Inc (CJT.TO) dropped 2 to 3%.

Precision Drilling Corporation (PD.TO), ATS Corporation (ATS.TO), Docebo Inc (DCBO.TO), CCL Industries (CCL.A.TO), Suncor Energy (SU.TO) and Bombardier Inc (BBD.A.TO) gained 1.5 to 3%.

Imperial Oil (IMO.TO), FirstService Corporation (FSV.TO), Fairfax Financial Holdings (FFH.TO), Colliers International (CIGI.TO) and Toromont Industries (TIH.TO) also ended notably higher.

In Canadian economic news, data from Statistics Canada showed manufacturing sales in the country rose by 0.2% from a month earlier to C$ 71.1 billion in January.

A separate data from Statistics Canada showed car registrations in Canada decreased to 128,193 units in December 2023 from 143,723 units in November. 2023.

Data from the U.S. Labor Department showed the producer price index for final demand climbed by 0.6% in February after rising by 0.3% in January. Economists had expected producer prices to rise by another 0.3%.

The report also said the annual rate of producer price growth accelerated to 1.6% in February from a revised 1% in January. Economists had expected the year-over-year price growth to rise to 1.1% from the 0.9% originally reported for the previous month.

U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates.

RTTNews | 20分鐘前

U.S. Homebuilder Confidence Holds Steady In September

Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.

RTTNews | 47分鐘前

U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.

RTTNews | 1小時5分鐘前

U.S. Import Prices Unexpectedly Increase In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.

RTTNews | 1小時21分鐘前

Canadian Market Drifts Lower In Cautious Trade

The Canadian market is down in negative territory Tuesday morning, as data showing an increase in the nation's consumer price inflation dimmed the extent of rate cuts this year although the Canadian central bank is widely expected to lower interest rate by 25 basis points on Wednesday.

RTTNews | 1小時47分鐘前

U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.

RTTNews | 2小時48分鐘前

U.S. Industrial Production Unexpectedly Inches Up 0.1% In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday.

RTTNews | 4小時14分鐘前

Eurozone Industrial Production Recovers In July

Eurozone industrial production recovered at a moderate pace in July due to the rebound in consumer and capital goods output despite tariff threats, official data showed Tuesday. Industrial production registered a monthly growth of 0.3 percent, in contrast to the 0.6 percent decrease in June, Eurostat reported. However, the rate was slightly weaker than the forecast of 0.4 percent.

RTTNews | 4小時41分鐘前

EURUSD	1.18717	GBPUSD	1.36616	AUDUSD	0.66855
USDJPY	146.334	USDCAD	1.37411	USDCHF	0.7862