Canadian Market Up In Positive Territory In Cautious Trade

RTTNews | 973 days ago
Canadian Market Up In Positive Territory In Cautious Trade

(RTTNews) - After a flat start and a subsequent uptick, the Canadian market remains positive a little before noon on Friday with shares from utilities, healthcare, industrials and real estate sectors holding firm on sustained buying interest.

Materials, energy and technology stocks are a bit subdued, while shares from financials, consumer and communications sectors are turning in a mixed performance.

Optimism about the Federal Reserve slowing its pace of interest rate hikes from as early as December appears to be aiding sentiment. Concerns about a surge in Covid cases in China and slowing global growth are capping market's upside.

The benchmark S&P/TSX Composite Index is up 88.60 points or 0.44% at 20,432.67 about a quarter before noon.

Emera Incorporated (EMA.TO), up 2.3%, is the most prominent gainer in the Utilties section. Altagas (ALA.TO), Capital Power Corp (CPX.TO), Innergex Renewable Energy (INE.TO), Fortis (FTS.TO), Atco (ACO.X.TO) and Algonquin Power & Utilities Corp (AQN.TO) are gaining 1.2 to 1.7%.

Canopy Growth Corp (WEED.TO), up 5.5%, is the top gainer in the Healthcare Index. Bausch Health Companies (BHC.TO) is rising 2% and Tilray Inc (TLRY.TO) is advancing 1.5%.

Allied Properties Real Estate (AP.UN.TO), Dream Industrial (DIR.UN.TO), Tricon Capital Group (TCN.TO) and Smartcentres Real Estate (SRU.UN.TO), gaining between 1.5 to 2%, are the major gainers in the real estate sector.

Among industrials shares, Ats Automation (ATA.TO) is rising 4%. Canadian Pacific Railway (CP.TO), Canadian National Railway (CNR.TO), Richelieu Hardware (RCH.TO) and Westshore Terminals Investment Corp (WTE.TO) are up 1 to 1.8%.

read more
U.S. Dollar Firms On Easing Trade Tensions

U.S. Dollar Firms On Easing Trade Tensions

The U.S. dollar advanced against its major counterparts in the New York session on Friday, as investors awaited trade talks between the country and key trading partners.
RTTNews | 20 minutes ago
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

The Switzerland market ended notably lower on Friday as uncertainty about Trump administration's tariff decisions and a few disappointing earnings updates weighed on sentiment.
RTTNews | 3h 50min ago
Russia Slashes Interest Rates Again On Easing Price Pressures

Russia Slashes Interest Rates Again On Easing Price Pressures

Russia's central bank lowered the key interest rate massively for a second policy session in a row on Friday after policymakers assessed that inflationary pressures are declining and the economy is on a return to balanced growth.
RTTNews | 7h 24min ago
Bay Street Seen Opening With Negative Bias

Bay Street Seen Opening With Negative Bias

Canadian shares are likely to open with a slightly negative bias Friday morning, weighed down by uncertainty about tariffs, and lower bullion prices. Investors are also likely to react to earnings updates. The market is likely to move in a tight range for much of the day's trading session.
RTTNews | 8h 34min ago
UK Retail Sales Rebound As Warm Weather Boosts Spending

UK Retail Sales Rebound As Warm Weather Boosts Spending

UK retail sales recovered in June as warm weather boosted consumer spending but consumer sentiment weakened amid fears of possible tax rate hikes, data showed Friday. Retail sales grew 0.9 percent on a monthly basis, in contrast to the revised 2.8 percent drop in May, the Office for National Statistics reported. However, this was weaker than economists' forecast of 1.2 percent gain.
RTTNews | 8h 51min ago
FTSE 100 Sheds Ground After Six-day Winning Streak

FTSE 100 Sheds Ground After Six-day Winning Streak

After posting gains in the previous six sessions, the U.K. market is down in negative territory on Friday with data showing a less than expected increase in retail sales, and a drop in consumer sentiment weighing on stocks.
RTTNews | 9h 5min ago
Volkswagen Stock Up On Volume Growth, Despite Weak Q2 Profit, Outlook Cut

Volkswagen Stock Up On Volume Growth, Despite Weak Q2 Profit, Outlook Cut

Shares of Volkswagen Group were gaining around 4 percent in the German trading after the automajor reported Friday slightly higher sales volume in the second quarter, even though profit and revenues were lower and the firm trimmed fiscal 2025 outlook. The latest results were hit partly by higher sales of lower-margin all-electric models, as well as increased US import tariffs and restructuring...
RTTNews | 10h 30min ago