Bay Street May Open With Positive Bias

RTTNews | 578 일 전

(RTTNews) - Canadian shares are likely to open with a slightly positive bias Tuesday morning, tracking higher crude oil and gold prices. However, with a slew of crucial economic data from Canada, the U.S. and China due during the course of this week, the mood is likely to remain cautious once again.

Bank of Nova Scotia (BNS.TO) reported fourth-quarter net income of $1,385 million, or $1.02 per diluted share, compared to net income of $2,093 million, or $1.63 per diluted share, in the year-ago quarter.

For fiscal 2023, BNS posted a net income of $7,528 million, compared to $10,174 million in the previous year.

TC Energy Corp (TRP.TO) has upgraded its growth outlook for 2023 and 2024. The company projects comparable EBITDA growth of 8%. amd 5-7% from 2023 to 2024.

Organigram Holdings Inc. (OGI.TO) announced that Phylos Bioscience Inc., a U.S. cannabis genetics company and provider of production ready seeds, has achieved the first milestone under the loan agreement entered into in May 2023. Phylos has closed the second tranche under the Loan Agreement with Organigram advancing $2.75 million to Phylos.

The Canadian market ended weak on Monday despite some strong buying in the technology sector. Losses in energy, industrials and utilities sectors weighed on the market.

The benchmark S&P/TSX Composite Index ended lower by 70.45 points or 0.35% at 20,032.66, near the day's low.

Asian stocks closed on a mixed note on Tuesday amidst anxiety ahead of crucial macro-economic updates.

European stocks are down in negative territory amid lingering concerns about global economic slowdown and uncertainty about the outlook for interest rates.

In commodities, West Texas Intermediate Crude oil futures are up $0.84 or 1.12% at $75.70 an ounce.

/Gold futures are up $2.60 or 0.13% at $2,015.00 an ounce, while Silver futures are up marginally at $24.700 an ounce.

U.S. Dollar Advances After Hot PCE Data

The U.S. dollar strengthened against its major counterparts in the New York session on Friday, after a data showed that the Federal Reserve's preferred gauge of inflation accelerated in May.

RTTNews | 16 시간 34 분 전

Swiss Market Ends On Buoyant Note

The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as trade tensions eased following the U.S. and China reaching an agreement.

RTTNews | 19 시간 37 분 전

European Stocks Close Higher As Trade Tensions Ease

European stocks closed higher on Friday as trade tensions eased after United States struck a deal with China to expedite rate earth shipments. The deal marks a significant step towards resolving the ongoing trade war between the world's two largest economies.

RTTNews | 20 시간 1 분 전

U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of June. The University of Michigan said its consumer sentiment index for June was upwardly revised to 60.7 from a preliminary reading of 60.5.

RTTNews | 23 시간 21 분 전

U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates

While the Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. crept up in line with expectations in the month of May, the report also showed core consumer prices rose by slightly more than expected. The report said the personal consumption expenditures (PCE) price index inched up by 0.1 percent in May, matching the uptick seen in April.

RTTNews | 23 시간 45 분 전

Eurozone Economic Sentiment Falls Unexpectedly

Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced confidence in industry and retail trade, a monthly survey data from the European Commission showed on Friday. The economic confidence index fell to 94.0 in June from 94.8 in May. The score was forecast to rise to 95.1. The industrial confidence index posted -12.0 in June, down from -10.4 a month ago.

RTTNews | 1 일 전

Bay Street May Open On Positive Note

Canadian shares look headed for a higher start Friday morning, thanks to positive global cues amid easing trade tensions after the U.S. struck a deal with China to expedite rate earth shipments.

RTTNews | 1 일 전

Coleman Co. Recalls 229K Converta Camping Cots, Stretchers

Atlanta, Georgia-based Coleman Co., Inc. is recalling about 228,760 units of Converta camping cots and Converta camping suspension stretchers citing laceration and amputation, according to the U.S. Consumer Product Safety Commission. The recall involves Coleman Converta camping cots with model numbers 2000003077 and 2000020282, and Coleman Converta camping suspension stretchers with model number

RTTNews | 1 일 전

EURUSD	1.17033	GBPUSD	1.3699	AUDUSD	0.65196
USDJPY	144.679	USDCAD	1.37103	USDCHF	0.79971

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Bay Street May Open With Positive Bias