Canadian Market Up Firmly In Positive Territory
(RTTNews) - The Canadian market remains firmly placed in positive territory Thursday afternoon, supported by gains in materials, industrials and financials sectors.
Technology stocks are a bit weak, while shares from rest of the sectors are turning in a mixed performance.
The mood is a bit positive thanks to Chinese stimulus hopes and firm metal prices.
The benchmark S&P/TSX Composite Index was up 144.50 points or 0.54% at 26,710.82 a little while ago.
NovaGold Resources, Teck Resources, Ero Copper, Lundin Mining, First Quantum Minerals, Chorus Aviation, Ballard Power Systems and Hudbay Minerals are up 5 to 8.5%.
Aurora Cannabis, Tilray, Ivanhoe Mines, Methanex, Organigram Holdings and Cameco are among the other prominent gainers.
Brookfield Asset Management is up 0.5%. The company said it would sell its Australian retirement home operator Aveo to The Living Company for A$3.85 billion.
Corus Entertainment is down by about 9%. BlackBerry, Aimia and Arc Resources are down 5.6%, 4.7% and 3.4%, respectively.
Shopify, Kinaxis, NorthWest Company and Dollarma are also notably lower.
On the economic front, In economic news, data from Statistics Canada showed average weekly earnings in Canada rose 4.4% in April (Year-on-Year), compared to a revised 4.06% rise in the previous month.
A separate data from Statistics Canada showed wholesale sales in Canada dropped by 0.4% in May, following a 2.3% decline in April.
European Shares Seen Mostly Lower Before US Inflation Data
Sensex, Nifty Struggle For Direction In Early Trade
Australian Market Swings To Modest Gains In Mid-market
Asian Markets Mixed Amid Caution Trades
Sensex, Nifty Seen Tad Higher At Open As IIP Growth Recovers
Thai Stock Market Tipped To Open In The Green
Japanese Market Notably Lower
