Positive Start Seen For Canadian Stocks

RTTNews | 38 days ago

(RTTNews) - Bay Street looks headed for a firm start Wednesday morning, tracking positive global cues amid rising prospects of several nations striking trade deals with the U.S. before the August 1 deadline.

Rogers Communications Inc. (RCI.A.TO) reported adjusted net income of C$ 632 million for the quarter ended June 30, 2025, compared with C$ 623 million in the year-ago quarter.

Suncor Energy, West Fraser Timber, Waste Connections, Whitecap Resources and First Quantum Minerals are scheduled to announce their quarterly results today.

On the economic front, data on new housing prices is due at 8:30 AM ET.

U.S. President Donald Trump announced trade deals with Japan and Philippines. "We have Europe coming in tomorrow, and the next day, we have some other ones coming in," he said late on Tuesday, without specifying details.

Canadian stocks climbed higher on Tuesday thanks to recent strong economic data. The benchmark S&P/TSX Composite Index turned weak after a firm start, but recovered to settle with a gain of 47.43 points or 0.17% at 27,364.43.

Asian stocks settled mostly higher on Wednesday amid easing trade concerns after Trump announced trade agreements with Japan and Philippines.

The "largest ever" U.S. trade deal with Japan features a 15 percent tariff on Japanese exports and includes a commitment from Tokyo to invest $550 billion in the United States and open its markets for American vehicles, rice, and other agricultural goods.

Trump claimed the U.S. would receive 90 percent of profits from the agreement and that the pact could generate hundreds of thousands of American jobs.

The major European markets are up firmly in positive territory today amid rising prospects of the EU clinching a trade deal with the U.S. ahead of the August 1 deadline.

In commodities trading, West Texas Intermediate Crude oil futures are down $1.34 or 2.02% at $64.87 a barrel.

Gold futures are down $9.00 or 027% at $3,434.80 an ounce, while Silver futures are up $0.175 or 0.44% at $39.730 an ounce.

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against its most major counterparts in the New York session on Friday.

RTTNews | 21h 6min ago

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.

RTTNews | 22h 25min ago

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | 1 day ago

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | 1 day ago

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | 1 day ago

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 | 1 day ago

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 | 1 day ago

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 | 1 day ago

EURUSD	1.1684	GBPUSD	1.34987	AUDUSD	0.6538
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