Bay Street Likely To Open With Negative Bias

RTTNews | 837 일 전

(RTTNews) - Canadian shares are likely to open with a negative bias on Thursday, tracking mixed global cues and commodity markets.

In company news, BRP Inc. (DOO.TO) reported second-quarter earnings of C$338.7 million, or C$4.26 per share, compared to C$237.7 million, or C$2.94 per share, in the year-ago quarter.

BlackBerry Limited (BB.TO) said it expects preliminary revenue for second quarter fiscal year 2024 to be about $132 million. Analysts polled by Thomson Reuters expect the company to report revenues of $156.85 million for the second quarter.

Precision Drilling Corp. (PD.TO) announced that it has inked a deal to acquire CWC Energy Services Corp. (CWC) for around $141 million in stock and cash.

The deal comprises of 947,909 Precision shares valued at around $88 million as of September 1, a cash portion of $14 million, and the assumption of CWC's outstanding debt.

Peyto Exploration & Development Corp. (PEY.TO) said on Thursday that it entered into a deal to acquire Repsol Canada Energy Partnership, for $468 million in cash.

On the economic front, the total value of building permits in Canada fell by 1.5% from a month earlier to $11.7 billion in July 2023, after an upwardly revised 7.5% rise in the previous month.

The Ivey Business School will release a report on Canadian economic activity for the month of August later in the morning. The Ivey Purchasing Managers Index in Canada fell to 48.6 in July 2023 from 50.2 in the prior month.

The Canadian market ended on a weak note on Wednesday due to sustained selling at several counters after the Bank of Canada held its interest rate unchanged but did not rule out further tightening.

The central bank left its main interest rate unchanged at 5% after two back-to-back rises. The bank cited a shift in the economy to a weaker phase and easing labor market pressures as the reason for its decision.

The central bank, which said it will continue to monitor inflation dynamics, has not ruled out further tightening.

Healthcare, utilities, industrials and consumer discretionary stocks were among the major losers.

The benchmark S&P/TSX Composite Index, which dropped to a low of 20,181.61, ended with a loss of 186.80 points or 0.92% at 20,226.96.

Asian stocks drifted lower on Thursday after China reported weak trade figures for August, adding to worries about slowing growth in the world's second-largest economy.

European stocks are turning in a mixed performance, with some counters finding support after recent sharp declines.

In commodities, West Texas Intermediate Crude futures are down $0.57 or 0.65% at $86.97 a barrel.

Gold futures are up $1.40 or 0.7% at $1,945.60 an ounce, while Silver futures are down $0.228 or 0.97% at $23.275 an ounce.

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | 1 시간 36 분 전

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2 시간 12 분 전

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | 2 시간 18 분 전

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2 시간 27 분 전

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 2 시간 37 분 전

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2 시간 57 분 전

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 3 시간 27 분 전

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 3 시간 57 분 전

EURUSD	1.17739	GBPUSD	1.348	AUDUSD	0.66672
USDJPY	156.39	USDCAD	1.37375	USDCHF	0.79033