Canadian Market Remains Weak Despite Coming Off Early Lows

RTTNews | 113日前

(RTTNews) - The Canadian market is down in negative territory around noon on Wednesday, with stocks from technology, financials, real estate and materials sectors under pressure. The mood is cautious with investors assessing U.S. President Donald Trump's threat of tariffs on semiconductors, automobile and pharma products.

The benchmark S&P/TSX Composite Index is down 79.10 points or 0.31% at 25,569.74 a little before noon. The index dropped to a low of 25,439.39 earlier in the session.

HudBay Minerals is plunging nearly 17% after reporting lower Q4 net income and revenues while also saying it expects lower gold production in FY 2025 than in 2024. Fourth-quarter net income attributable to owners fell to $21.2 million, or $0.05/share, from $30.7 million, or $0.10/share, in the year-ago quarter.

Sandstorm gold is down more than 12%. Gibson Energy is tumbling 7.6%. Ero Copper, Tilray, NexGen Energy, Intact Financials, Osisko Gold Royalty, CAE Inc., First Quantum Minerals, Cargojet, Cameco Corporation, Aritzia Inc, Restaurant Brands International and MAG Silver Corp are down 3 to 5%.

First Quantum Minerals Ltd. (FM.TO) is down 2.7%. The company announced offering of $750 million of senior notes. The company intends to use net proceeds from the offering together with cash on balance sheet, to partly repay its revolving credit facility, to fund the concurrent partial tender offer for its existing 6.875% senior notes due 2027.

SSR Mining is climbing nearly 13% after reporting adjusted net income of $21.3 million in the fourth quarter of 2024. AtkinsRealis is up nearly 7%.

Gildan Activewear is gaining 3.2% after the company announced a definitive agreement to sell its Helly Hansen business to Kontoor Brands, Inc. (KTB) for $1.276 billion. The transaction is set to close in the second quarter of 2025.

iA Financial Corp is up 5.2%. Canadian Tire Corporation is up 4.2%. Canadian Tire Corporation announced a definitive agreement to sell its Helly Hansen business to Kontoor Brands, Inc. (KTB) for $1.276 billion. The transaction is set to close in the second quarter of 2025.

Peyto Exploration, MDA Space, NuVista Energy, Innergex Renewables, Aecon Group, Parex Resources, Boralex, Algonquin Power, Tourmaline Oil Corp, Keyera Corp, Advantage Oil & Gas, Saputo, Birchcliff Energy and Brookfield Renewable are gaining 1.5 to 3.4%.

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.

RTTNews | 29分前

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.

RTTNews | 2時13分前

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.

RTTNews | 5時1分前

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.

RTTNews | 5時4分前

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.

RTTNews | 5時47分前

U.S. Producer Prices Inch Up Less Than Expected In May

RTTNews | 6時14分前

U.S. Weekly Jobless Claims Unchanged At 248,000

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th.

RTTNews | 6時20分前

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.

RTTNews | 6時32分前

EURUSD	1.15782	GBPUSD	1.35964	AUDUSD	0.65275
USDJPY	143.55	USDCAD	1.36041	USDCHF	0.81151

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Canadian Market Remains Weak Despite Coming Off Early Lows