Canadian Market Modestly Higher, Looks Set To End The Session On Firm Note
(RTTNews) - The Canadian market is up in positive territory Monday afternoon, aided by gains in consumer staples, technology, consumer discretionary and financials sectors.
The benchmark S&P/TSX Composite Index was up 104.23 points or 0.43% at 24,567.90 a little while ago.
Energy stocks are down as oil prices declined sharply after Israel avoided targeting Iranian oil facilities. The measured response by Tehran has helped ease concerns over a potential war in the Middle East and any big disruptions to oil supplies.
Also, Egypt has proposed a two-day truce in Gaza aimed at securing "a complete ceasefire" after more than a year of war between Israel and Hamas.
Hut 8 Corp (HUT.TO) is soaring more than 16%. Alimentation Couche-Tard (ATD.TO) is up 3.7%, while Cameco Corporation (CCO.TO), CCL Industries (CCL.B.TO), Loblaw Companies (L.TO), Onex Corporation (ONEX.TO) and George Weston (WN.TO) are up 1.6 to 2.5%.
Royal Bank of Canada (RY.TO), Constellation Software (CSU.TO), Intact Financial Corporation (IFC.TO), Thomson Reuters (TRI.TO) and WSP Global (WSP.TO) are gaining 0.7 to 1.5%.
Among the losers, Interfor Corporation (IFP.TO) is down 4.3%. Precision Drilling Corporation (PD.TO), Canadian Natural Resources (CNQ.TO), Imperial Oil (IMO.TO), Brookfield Renewable Partners (BEPC.TO) and Bombardier Inc (BBD.B.TO) are down 1.7 to 2.8%.
Canadian Dollar Eases Against Most Majors
Swiss Market Ends On Weak Note; Pharma Stocks Among Major Losers
European Markets Close Mostly Flat
Canadian Market Drifts Lower On Profit Taking
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September
UK Economy Flatlines In July
Bay Street Likely To Open On Mixed Note
