Bay Street Likely To Open With Negative Bias

RTTNews | 849日前
Bay Street Likely To Open With Negative Bias

(RTTNews) - Canadian shares are likely to open with a slightly negative bias on Thursday, weighed down by some disappointing earnings updates.

Sluggish commodity prices may also weigh on sentiment.

Manulife Financial (MFC.TO) reported fourth-quarter earnings of C$1.89 billion, or C$0.95 per share, compared with C$2.08 billion, or C$0.1.03 per share in the year-ago quarter.

Shopify Inc (SHOP.TO) posted earnings per share of 7 cents in the fourth quarter. The company expects year-on-year revenue growth in the high-teen percentages, worse than the consensus estimate of a 23% year-over-year growth.

Cenovus Energy Inc. (CVE.TO) reported fourth quarter net income of C$784 million or C$0.39 per share compared to a net loss of C$408 million or C$0.21 per share, previous year.

Canadian Tire Corporation (CTC.TO) reported fourth-quarter net income of C$562.6 million, compared with net income of C$535.7 million in the year-ago quarter.

MTY Food Group Inc. (MTY.TO) reported fourth-quarter net income of $7.1 million, or $0.29 per diluted share, compared with net income of $24.9 million, or $1.00 per diluted share a year ago.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.10 or 0.13% at $78.69 a barrel.

Gold futures are up $1.30 or 0.07% at $1,846.60 an ounce, while Silver futures are down marginally at $21.565 an ounce.

Canadian stocks recovered from an initial move to the downside during trading on Wednesday to end the day roughly flat.

The benchmark S&P/TSX Composite Index inched up 15.60 points or 0.1 percent to 20,720.39 after falling as low as 20.576.60 in early trading.

read more
Canadian Dollar Higher Amid Rising Oil Prices

Canadian Dollar Higher Amid Rising Oil Prices

The Canadian dollar advanced against its most major counterparts in the New York session on Friday amid a spike in oil prices after Israel launched fresh wave of attacks on Iran.
RTTNews | 20時21分前
Swiss Stock Market Heads South On Friday

Swiss Stock Market Heads South On Friday

The Swiss stock market turned lower again on Friday, one day after snapping the two-day slide in which it had given up more than 50 points or 0.4 percent.
RTTNews | 22時19分前
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | 1日前
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | 1日前
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | 1日前
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | 1日前
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | 1日前