TSX Seen Closing Notably Lower; Energy, Materials Stocks Among Major Losers

RTTNews | 256天前

(RTTNews) - The Canadian market, which opened modestly lower Thursday morning, continues to languish in negative territory in afternoon trades with stocks from several sectors reeling under sustained selling pressure.

Energy, materials and communications shares are among the major losers. Healthcare, utilities and financials shares are also mostly weak.

Lower commodity prices, and concerns about trade war following U.S. President-elect Donald Trump's threat of tariff hikes are weighing on stocks.

The benchmark S&P/TSX Composite Index was down 257.66 points or 1% at 25,400.04 a little while ago.

Imperial Oil (IMO.TO) is down 6%. New Gold Inc (NGD.TO) is declining by about 5.7%. Canopy Growth Corporation (WEED.TO), Calibre Mining (CXB.TO), Ballard Power Systems (BLDP.TO), Kinross Gold Corp (K.TO), First Quantum Minerals (FM.TO), Capstone Copper Corp (CS.TO) and BlackBerry (BB.TO) are down 3 to 4.5%.

B2Gold Corp (BTO.TO), Telus Corporation (T.TO), Baytex Energy (BTE.TO), Barrick Gold Corporation (ABX.TO), Freehold Royalties (FRU.TO), Suncor Energy (SU.TO), Canadian Natural Resources (CNQ.TO) and Rogers Communications (RCI.B.TO) are also down sharply.

Empire Company Limited (EMP.A.TO) shares are gaining 7.5% after the company reported net earnings of $173.4 million ($0.73 per share) for the second quarter of fiscal 2025, compared to $181.1 million ($0.72 per share) in the second quarter of financial year 2024. For the quarter, the Company recorded adjusted net earnings of $173.4 million ($0.73 per share) compared to $178.3 million ($0.71 per share) last year.

Hut 8 Corp (HUT.TO) is gaining 6.8%. Transcontinental (TCL.B.TO) is up 4.5%. Bombardier Inc (BBD.B.TO) and Bausch+Lomb (BLCO.TO) are up nearly 3%. Propel Holdings (PRL.TO), Celestica Inc (CLS.TO), Senvest Capital (SEC.TO), George Weston (WN.TO), Descartes Systems Group (DSG.TO), Loblaw Companies (L.TO) and Winpak (WPK.TO) are up 1 to 2.3%.

Transat A.T. Inc. (TRZ.TO) is up more than 4%. The company reported a net income of $41.2 million or $1.05 per share for the quarter ended October 31, 2024, compared to $3.2 million or $0.08 per share in the year-ago quarter.

In economic news, data from Statistics Canada said the total value of building permits in Canada fell 3.1% month-over-month to $12.61 billion in October, retreating from an 11.5% increase in the previous month.

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 15分鐘前

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 30分鐘前

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its August 12 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.

RTTNews | 1小時30分鐘前

U.S. Dollar Climbs Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | 2小時42分鐘前

Swiss Market Ends Moderately Lower

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.

RTTNews | 5小時28分鐘前

European Markets Close Weak After Cautious Session

European stocks closed on a weak note on Monday after a cautious session as investors awaited key inflation data from major economies in the region, and looked for more details about U.S. - EU trade deal.

RTTNews | 5小時49分鐘前

Canadian Market Down More Than 0.5% On Profit Taking

After opening slightly down, the Canadian market slipped deeper into the red on Monday, weighed down by losses in healthcare, consumer staples, utilities and materials sectors.

RTTNews | 6小時29分鐘前

U.S. New Home Sales Pull Back From Upwardly Revised Level In July

New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.

RTTNews | 8小時13分鐘前

EURUSD	1.1614	GBPUSD	1.34505	AUDUSD	0.64795
USDJPY	147.824	USDCAD	1.38603	USDCHF	0.80633