TSX Rises 0.8%, Ends At 1-month High

RTTNews | 951天前

(RTTNews) - The Canadian market ended on a strong note on Friday, led by gains in healthcare, technology and materials shares.

Several stocks from consumer discretionary, industrials, real estate, financials and communications sectors also posted impressive gains.

The mood in the market remained quite positive right through the day's session amid hopes the central banks will slow the pace of interest rate hikes. Optimism about Chinese economy helped as well.

The benchmark S&P/TSX Composite Index ended with a gain of 161.77 points or 0.8% at 20,503.21, a new one-month closing high.

The Health Care Capped Index climbed nearly 2.5%. Bellus Health Inc (BLU.TO) and Bausch Health Companies (BHC.TO) gained about 4.4% and 4%, respectively. Tilray Inc (TLRY.TO) climbed 2.3%, while Cronos Group (CRON.TO) and Canopy Growth Corp (WEED.TO) both gained about 1.8%.

The Information Technology Capped Index gained 2.4%. Hut 8 Mining Corp (HUT.TO) and Magnet Forensics (MAGT.TO) soared 14.4% and nearly 14%, respectively. Tecsys Inc (TCS.TO), Shopify Inc (SHOP.TO) and Dye & Durham (DND.TO) gained 5.4 to 6%.

Materials shares Interfor Corp (IFP.TO), Oceanagold (OGC.TO), Algoma Steel Group (ASTL.TO), Wesdome Gold Mines (WDO.TO), Canfor Corp (CFP.TO), Lithium Americas Corp (LAC.TO) and West Fraser Timber (WFG.TO) gained 3 to 6%.

Among gainers from other sectors, Mty Food Group (MTY.TO), Canada Goose Holdings (GOOS.TO), Ballard Power Systems (BLDP.TO), Westshore Terminals (WTE.TO), Goeasy (GSY.TO), Onex Corp (ONEX.TO), CI Financial Corp (CIX.TO), IGM Financial (IGM.TO) and Fairfax Financial Holdings (FFH.TO) advanced 2 to 5%.

In economic news, retail sales in Canada likely rose 0.5% month-over-month in December of 2022, preliminary estimates showed. In November, retail sales dropped 0.1% from a month earlier, after seeing an increase of 1.3% (revised) in October.

Retail sales in Canada increased 5.2% in November of 2022, over the same month in the previous year, the data frm Statistics Canada showed.

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.

RTTNews | 11分鐘前

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.

RTTNews | 30分鐘前

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | 1小時4分鐘前

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | 3小時30分鐘前

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | 3小時41分鐘前

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | 3小時52分鐘前

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | 4小時4分鐘前

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | 4小時10分鐘前

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