TSX Ends Weak For 5th Straight Session, Sheds 4.1% In Week

RTTNews | 754天前
TSX Ends Weak For 5th Straight Session, Sheds 4.1% In Week

(RTTNews) - After opening modestly higher and staying positive till about an hour past noon, the Canadian market turned weak on Friday and eventually ended on a negative note, extending losses to a fifth straight session.

Worries about inflation, higher interest rates and economic slowdown weighed on the market.

The benchmark S&P/TSX Composite Index ended with a loss of 11.65 points or 0.06% at 19,779.97. The index, which climbed to 19,898.94 early on in the session, touched a low of 19,769.34. The index shed about 4.1% in the week.

Shares from utilities and communications sectors found some support. Real estate stocks were weak, while shares from the rest of the sectors turned in a mixed performance.

Premium Brands Holdings Corporation (PBH.TO), National Bank of Canada (NA.TO), Shopify Inc (SHOP.TO), Magna International (MG.TO) and Goeasy (GSY.TO) ended notably lower.

ATS Corporation (ATS.TO) climbed 3.6%. Cameco Corporation (CCO.TO) gained 3.5% and Bombardier Inc (BBD.B.TO) ended higher by about 3.1%.

TFI International (TFII.TO), Descartes Systems Group (DSG.TO), Imperial Oil (IMO.TO) and Fairfax Financial Holdings (FFH.TO) gained 1 to 2%.

On the economic front, data from Statistics Canada showed retail sales in Canda are expected to have contracted by 0.3% from the previous month in August, according to preliminary estimate. In July, retail sales advanced by 0.3%, up from the 0.1% increase in the previous month.

Retail sales in Canada increased 2% in July over the same month in the previous year.

read more
Asian Shares Extend Gains On Fed Rate Cut Optimism

Asian Shares Extend Gains On Fed Rate Cut Optimism

Asian stocks rose on Thursday to extend gains from the previous session amid growing expectations of imminent U.S. Federal Reserve rate cuts. Regional gains, however, remained capped somewhat by rising Sino-U.S. tensions.
RTTNews | 15分鐘前
Australian Dollar Falls As Soft Jobs Data Signals RBA Rate-cut

Australian Dollar Falls As Soft Jobs Data Signals RBA Rate-cut

The Australian dollar weakened against other major currencies in the Asian session on Thursday, after data showed that Australia's unemployment rate unexpectedly rose to a nearly four-year high in September signaling expectations for further policy easing.
RTTNews | 30分鐘前
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Thursday.
RTTNews | 1小時10分鐘前
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 1小時35分鐘前