Bay Street Likely To Open On Subdued Note

RTTNews | 833日前

(RTTNews) - Canadian shares are likely to open somewhat subdued on Thursday as weak commodity prices may outweigh optimism over the progress in U.S. debt ceiling talks.

Positive lead from Europe, and higher U.S. futures may aid sentiment and lift the market up a bit.

Canada Goose Holdings Inc. (GOOS.TO) reported net loss of C$ 3.1 million for the fourth quarter of fiscal 2023, compared with net loss of C$9.1 million a year ago. For the first quarter of fiscal 2024, the company anticipates revenue of C$70 million - C$80 million.

Lightspeed Commerce Inc. (LSPD.TO) reported fourth quarter FY23 net loss of $74.5 million, as compared to a net loss of $114.5 million in the year-ago quarter.

On the economic front, Canada's new housing price index reading is due at 8:30 AM ET.

The Canadian market ended modestly higher on Wednesday thanks to strong gains in healthcare and energy sectors. Concerns about inflation and interest rates limited market's upside.

The benchmark S&P/TSX Composite Index, which opened at 20,282.85, soon dropped to 20,158.69, but recovered gradually to eventually end the day's session at 20,296.43, with a gain of 54.36 points or 0.27%.

Asian stocks advanced on Thursday after U.S. President Joe Biden and House Speaker Kevin McCarthy underscored their determination to reach a debt ceiling deal soon. This helped ease fears of a potential U.S. debt default as a June 1 deadline looms.

European stocks are up firmly in positive territory today amid easing fears of a potential U.S. debt default. Concerns have eased as U.S. President Joe Biden and House Speaker Kevin McCarthy have underscored their determination to reach a deal soon.

In commodities, West Texas Intermediate Crude oil futures are down $0.14 or 0.19% at $72.69 a barrel.

Gold futures are down $7.90 or 0.4% at $1,977.00 an ounce, while Silver futures are lower by $0.217 or 0.91% at $23.680 an ounce.

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.

RTTNews | 2時50分前

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.

RTTNews | 3時9分前

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | 3時43分前

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | 6時9分前

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | 6時20分前

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | 6時31分前

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | 6時43分前

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | 6時49分前

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