Loading...

Advertisement

Canadian Market Down Firmly In Negative Territory

RTTNews | 828 days ago

Canadian Market Down Firmly In Negative Territory

(RTTNews) - The Canadian market is down firmly in negative territory a little past noon on Wednesday with stocks from across several sectors declining sharply on sustained selling pressure.

Worries about growth and lingering concerns about U.S. lawmakers' ability to reach an agreement on increasing the U.S. debt ceiling weigh on sentiment.

Financials, industrials and materials shares are among the major losers. Several stocks from communications, healthcare, real estate and utilities sections are also notably lower.

The benchmark S&P/TSX Composite index, which dropped to 19,898.78, is down 190.55 points or 0.95% at 19,955.46 about a quarter past noon.

In the financials section, Bank of Montreal (BMO.TO) is down 3.7%. Manulife Financial (MFC.TO), Royal Bank of Canada (RY.TO), National Bank of Canada (NA.TO), ONEX Corp (ONEX.TO), Fairfax Financial Holdings (FFH.TO), Power Corporation of Canada (POW.TO), Toronto-Dominion Bank (TD.TO) and Sun Life Financial (SLF.TO) are down 1 to 2.2%.

Industrials shares Toromont Industries (TIH.TO), Ballard Power Systems (BLDP.TO), Richelieu Hardware (RCH.TO), Canadian Pacific Railway (CP.TO), Finning International (FTT.TO), Cargojet (CJT.TO), Bombardier Inc (BBD.B.TO), Tfi International (TFII.TO), Canadian National Railway (CNR.TO), Snc-Lavalin (SNC.TO) and Russel Metals (RUS.TO) are down 1.6 to 4%.

Among materials shares, Filo Mining Corp (FIL.TO) is plunging 8%. Ero Copper (ERO.TO) is declining nearly 7%. Fortuna Silver Mines (FVI.TO), First Quantum Minerals (FM.TO), Torex Gold Resources (TXG.TO) and Endeavour Silver Corp (EDR.TO) are lower by 3 to 4%.

read more

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 2h 4min ago

Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | 2h 23min ago

U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 3h 6min ago

German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | 3h 36min ago

U.S. PCE Price Index Increased In Line With Estimates In July

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | 3h 48min ago

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | 4h 4min ago

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.

RTTNews | 4h 42min ago

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 4h 50min ago

Terms | Privacy | Site Map | Site Map Calendar

© 2025 Myfxbook Ltd. All Rights Reserved.

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.