Bay Street Likely To Open On Mixed Note; Bank Stocks In Focus

RTTNews | 701 일 전
Bay Street Likely To Open On Mixed Note; Bank Stocks In Focus

(RTTNews) - Canadian shares are likely to open on a mixed note on Tuesday, tracking commodity prices and positive European markets.

The mood is likely to remain cautious with investors awaiting a slew of economic data from Canada and the U.S.

In Canadian earnings news, Bank of Montreal (BMO.TO) reported third-quarter net income of $1,454 million, compared with $1,365 million in the year-ago quarter. Adjusted net income for the third quarter of the current financial year was $2,037 million, compared with $2,132 million a year ago.

Bank of Nova Scotia (BNS.TO) reported net income of $2,212 million for the third quarter of the current financial year, compared to $2,594 million a year ago. On adjusted basis, net income was $2,2227 in the third quarter, compared to $2,611 million in the year-ago quarter.

CAE Inc. (CAE), a Canadian flight training company, said on Tuesday that it has inked a 10-year pilot training deal with Batik Air. With this, CAE will deploy and operate an advanced B737 MAX full-flight simulator at Batik Air's facility in Kuala Lumpur.

The Canadian market turned in a fine performance on Monday, with stocks from various sectors moving higher on sustained buying interest.

China's stimulus to ease market unrest and drive economic growth, and firm commodity prices aided sentiment.

The benchmark S&P/TSX Composite Index ended up by 189.39 points or 0.95% at 20,025.14.

Asian stocks ended broadly higher on Tuesday amid positive sentiment stemming from Fed pause hopes and Chinese stimulus measures.

Markets looked ahead to a raft of key economic readings from the U.S. and China this week for additional clues on the rate and economic outlook.

Chinese shares climbed on expectations that policymakers will unveil more supportive measures to support the sputtering economy.

European stocks are up in positive territory with expectations for more policy support from top consumer China, and Fed pause hopes aiding sentiment.

In commodities, West Texas Intermediate Crude oil futures are up $0.55 or 0.69% at $80.65 a barrel.

Gold futures are down $1.00 or 0.05% at $1,945.80 an ounce, while Silver futures are down marginally at $24.245 an ounce.

read more
Fed Leaves Interest Rates Unchanged In Divided Decision

Fed Leaves Interest Rates Unchanged In Divided Decision

The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged for the fifth consecutive meeting. In support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.
RTTNews | 3 시간 7 분 전
Swiss Market Settles Lower After Choppy Session

Swiss Market Settles Lower After Choppy Session

The Switzerland market ended on a weak note on Wednesday despite spending much of the day's trading session in positive territory. The focus was on corporate earnings and the developments on the trade front.
RTTNews | 3 시간 32 분 전
U.S. Pending Home Sales Unexpectedly Decrease In June

U.S. Pending Home Sales Unexpectedly Decrease In June

Pending home sales in the U.S. unexpectedly decreased in the month of June, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index slid by 0.8 percent to 72.0 in June after jumping by 1.8 percent to 72.6 in May. Economists had expected pending home sales to rise by 0.2 percent.
RTTNews | 6 시간 34 분 전
Bank Of Canada Leaves Interest Rates Unchanged For Third Straight Meeting

Bank Of Canada Leaves Interest Rates Unchanged For Third Straight Meeting

In a widely expected move, the Bank of Canada on Wednesday announced that it has once again decided to leave interest rates unchanged. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | 7 시간 18 분 전
U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports

U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports

The Commerce Department released a report on Wednesday showing the U.S. economy rebounded by more than expected in the second quarter of 2025. The report said real gross domestic product surged by 3.0 percent in the second quarter after falling by 0.5 percent in the first quarter. Economists had expected GDP to jump by 2.5 percent.
RTTNews | 7 시간 27 분 전
U.S. Private Sector Job Growth Exceeds Estimates In July

U.S. Private Sector Job Growth Exceeds Estimates In July

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of July. The report said private sector employment jumped by 104,000 jobs in July after slipping by a revised 23,000 jobs in June.
RTTNews | 7 시간 43 분 전