Bay Street Likely To See Positive Start

RTTNews | 750 일 전

(RTTNews) - Canadian shares are likely to open higher Wednesday morning, tracking firm European stocks and higher crude oil prices.

With the crucial U.S. inflation data due later in the week, the mood is likely to remain cautious. Investors will be reacting to a slew of earnings announcements from Canadian companies.

Hydro One Limited (H.TO) reported second-quarter net income of $265 million, compared to $255 million in the same period of 2022. EPS was up $0.44 in the second quarter of this year, compared to $0.43 a year ago.

Metro Inc (MRU.TO) reported net earnings of $346.7 million for the third quarter of this financial year, up 26.1% from a year ago. Adjusted net earnings came in at $314.8 million in the third quarter, up 10.9% compared to the year-ago quarter.

CAE Inc. (CAE.TO) reported revenue of $1,054.4 million for the first quarter of fiscal 2024, compared with $933.3 million in the first quarter last year.

Nuvei Corporation (NVEI.TO) reported net income of $11.6 million for the quarter ended June 30, 2023, compared to net income of $35.1 million in the corresponding quarter of the previous year.

ATS Corporation (ATS.TO) said it posted a net income of $47.7 million in the first quarter of this fiscal, compared to $39.4 million a year ago.

On the economic front, data released by Statistics Canada a little while ago showed the value of building permits in Canada increased by 6.1% in June, after seeing a revised 12.6% surge a month earlier.

Canadian shares ended on a weak note on Tuesday despite regaining most of the lost ground. Worries about growth after weak Chinese trade data weighed on sentiment.

The benchmark S&P/TSX Composite Index ended lower by 30.06 points or 0.15% at $20,205.98.

Asian stocks ended on a mixed note on Wednesday amid worries about the U.S. banking system and fresh signs of weakening domestic demand in China. Investors also awaited U.S. consumer and wholesale inflation data due this week for clues on future rate hikes.

European stocks are up firmly in positive territory, led by gains in banking and mining sectors.

In commodities, West Texas Intermediate Crude oil futures are up $0.78 or 0.95% at $83.70 a barrel.

Gold futures are down $2.80 or 0.14% at $1,957.10 an ounce, while Silver futures are down $0.022 or 0.1% at $22.785 an ounce.

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | 21 분 전

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | 2 시간 48 분 전

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | 2 시간 58 분 전

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | 3 시간 10 분 전

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | 3 시간 21 분 전

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | 3 시간 27 분 전

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.

RTTNews | 4 시간 33 분 전

U.S. GDP Jumps More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday.

RTTNews | 4 시간 40 분 전

EURUSD	1.16972	GBPUSD	1.35299	AUDUSD	0.65371
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