Canadian Market Ends On Firm Note

RTTNews | 609 일 전

(RTTNews) - The Canadian market ended on a firm note on Thursday, extending recent gains, as dovish comments from the Federal Reserve, signaling a series of interest rate cuts next year, continued to aid sentiment. Higher crude oil and bullion prices helped as well.

The Fed left interest rates unchanged on Wednesday as widely expected, and signaled plans to cut interest rates three times next year.

The benchmark S&P/TSX Composite Index ended with a gain of 149.35 points or 0.72% at 20,778.80. The index touched a high of 20,842.41 in the session, less than point off the 52-week high of 20,843.21.

Energy, utilities, healthcare, technology, financials, real estate and materials shares moved higher. Consumer staples and communications stocks closed weak.

BRP Inc (DOO.TO) surged 8.25%. Goeasy (GSY.TO), Magna International (MG.TO), Brookfield Infrastructure (BIPC.TO), Teck Resources (TECK.B.TO), Linamar Corporation (LNR.TO) and Shopify Inc (SHOP.TO) gained 4.2 to 7%.

Colliers International (CIGI.TO), Cargojet (CJT.TO), Precision Drilling Corporation (PD.TO), Canadian Tire Corporation (CTC.A.TO), TFI International (TFII.TO) and Franco-Nevada Corporation (FNV.TO) gained 2 to 4%.

Cenovus Energy Inc. (CVE.TO) gained about 2.5%. The company announced that it expects to invest capital between C$4.5 billion and C$5.0 billion.

Empire Company Ltd. (EMP.A.TO) shares plunged more than 11%. the company reported adjusted net earnings of $178.3 million ($0.71 per share) for the second-quarter, compared to $189.9 million ($0.73 per share) in the year-ago quarter.

Transat A.T. Inc (TRZ.TO) ended nearly 3% down. The company reported fourth-quarter net income of $3.2 million ($0.08 per share), compared with a net loss of $126.2 million ($3.32 per share) for the corresponding quarter of last year.

Stella-Jones (SJ.TO), Loblaw Companies (L.TO), Metro Inc (MRU.TO), Dollarama Inc (DOL.TO), George Weston (WN.TO), Descartes Systems Group (DSG.TO), Thomson Reuters (TRI.TO) and Alimentation Couche-Tard (ATD.TO) lost 3 to 6%.

On the economic front, data from Statistics Canada showed manufacturing sales in Canaa dropped by 2.8% from a month earlier to C$ 71 billion in October, following an upwardly revised 0.7% gain in September.

Car registrations in Canada decreased to 151,144 units in October from 163,187 units in September, data from Statistics Canada showed.

NZ Dollar Falls On Soft China Data

The New Zealand dollar weakened against other major currencies in the Asian session on Friday, after China's industrial production and retail sales logged slower growth in July.

RTTNews | 18 분 전

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.

RTTNews | 1 시간 6 분 전

European Shares Seen Tad Higher As World Braces For Alaska Talks

European stocks are seen opening higher on Friday after the S&P 500 index closed at a new record high for the third consecutive day overnight despite concerns about slowing consumer spending.

RTTNews | 2 시간 15 분 전

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Friday, adding the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains across most sectors led by energy and technology stocks.

RTTNews | 4 시간 28 분 전

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as hotter-than expected US producer price inflation data and a resilient US labor market softened expectations of a higher interest rate cut by the US Fed in September. Traders also remain cautious ahead of the crucial U.S.-Russia talks to end the ongoing three-plus-year Russia-Ukraine war.

RTTNews | 5 시간 4 분 전

Indian Markets Closed For Independence Day

Indian markets remain closed today as the nation marks its 78th Independence Day.

RTTNews | 5 시간 20 분 전

Lower Open Predicted For Thai Stock Market

The Thai stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,265-point plateau and it figures to remain rangebound again on Friday.

RTTNews | 5 시간 51 분 전

Japanese Market Notably Higher

Reversing the losses in the previous session, the Japanese market is notably higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,800 level, with gains in index heavyweights and financial stocks as well as a mixed performance in all other sectors.

RTTNews | 6 시간 7 분 전

EURUSD	1.16786	GBPUSD	1.3551	AUDUSD	0.65106
USDJPY	147.092	USDCAD	1.37965	USDCHF	0.8055