Canadian Market Modestly Lower, Looks Headed For Another Weak Close

RTTNews | 73日前

(RTTNews) - The Canadian market is exhibiting weakness on Friday, weighed down by losses in energy, healthcare and technology sectors. Amid renewed concerns about a global trade war, the mood in the market remains cautious.

Investors are also digesting Canadian GDP data, as well as a slew of data from the U.S., including a reading on inflation and consumer sentiment.

Trade war concerns have resurfaced after U.S. President Donald Trump accused China of violating the trade agreement reached earlier this month.

Trump said in a post on Truth Social that "everything quickly stabilized and China got back to business as usual" following the trade deal.

"Everybody was happy! That is the good news!!!" Trump said. "The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!"

Trump's claim comes after Treasury Secretary Bessent said in a Fox News interview on Thursday that U.S.-China trade talks "are a bit stalled."

The benchmark S&P/TSX Composite Index was down 83.61 points or 0.32% at 26,126.95 nearly half an hour past noon.

Canopy Growth Corporation is tanking more than 20%. Canopy reported a net loss of C$221.5 million, or C$1.43 per share, for the quarter ended March 31, compared with a loss of C$1.03 per share a year earlier. Quarterly revenue declined to C$78 million from C$83.2 million a year ago.

Celestica Inc., ATS Crporation, Methanex Corporation, MEG Energy Corp. and Teck Resources are declining 2 to 4%.

Cameco Corporation, Canadian Natural Resources, Gildan Activewear, Shopify, Tecsys, Agnico Eagle Mines, Imperial Oil and Ag Growth International are also notably lower.

BRP Inc. shares are rising nearly 8%. Laurentian Bank of Commerce is up 7.5%, while Stella-Jones, Lundin Gold, ATCO, Quebecor, Power Corporation of Canada, Pet Valu Holdings and RB Global are up 1 to 3%.

Data from Statistics Canada showed the Canadian GDP expanded by 0.5% from the previous quarter in the first three months of 2025, maintaining the revised 0.5% growth rate from the earlier period.

The Canadian economy likely expanded 0.1% in April 2025, the same as in March, preliminary estimates showed.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.

RTTNews | 40分前

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

RTTNews | 1時19分前

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

RTTNews | 1時50分前

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 2時44分前

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 2時52分前

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3時7分前

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 3時14分前

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3時22分前

EURUSD	1.16182	GBPUSD	1.3428	AUDUSD	0.65125
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