Canadian Stocks Likely To Open On Mixed Note; GDP Data, Earnings In Focus

RTTNews | 99 일 전

(RTTNews) - Canadian shares are likely to open on a mixed note on Wednesday with investors looking ahead to earnings updates from big name U.S. tech companies, including Microsoft and Meta Platforms. Canadian GDP data is also likely to make a significant impact on investor sentiment.

Weak commodity prices may weigh on resources stocks.

Preliminary data on Canada's GDP for the month of March, and final data for the month of February, are due at 8:30 AM ET.

In Canadian earnings news, Loblaw Companies (L.TO) reported adjusted net earnings of $570 million for first-quarter of 2025, an increase of $33 million, or 6.1%, compared to the year-ago quarter.

CGI Inc. (GIB.A.TO) reported adjusted net earnings of $480.7 million for fiscal 2025 second-quarter, up 4.6% year-over-year, for a margin of 11.9%.

Canadian stocks ended modestly higher on Tuesday after showing a lack of direction early in the session. The strength that emerged on Bay Street came as stocks south of the border advanced following positive developments on the trade front, with U.S. Commerce Secretary Howard Lutnick telling CNBC the Trump administration had reached its first trade deal.

The benchmark S&P/TSX Composite Index ended the day up 75.89 points or 0.3% at 24,874.48, gaining for the fifth time in the past six sessions.

Asian stocks closed mixed on Wednesday after a slew of U.S. companies suspended or tweaked their full year guidance and regional factory activity data disappointed.

European stocks are broadly higher amid expectations of a potential trade deal with the United States.

Media reports suggested that China had quietly compiled a list of U.S.-made goods exempt from its 125 percent tariffs - seeking to ease trade tensions without public concessions.

U.S. President Donald Trump said he believes the U.S. will have a deal with India on trade.

The White House has also had "substantial talks" with Japan, and "the contours of a deal" with South Korea could be coming together, Treasury Secretary Scott Bessent said.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.31 or 0.51% at $60.11 a barrel.

Gold futures are down $48.70 or 1.46% at $3,284.90 an ounce, while Silver futures are down $1.147 or 3.4% at $32.430 an ounce.

Win Streak May End For Japan Stock Market

The Japan stock market has moved higher in three consecutive sessions, advancing more than 760 points or 1.9 percent along the way. The Nikkei 225 now sits just shy of the 41,060-point plateau although it may spin its wheels on Friday.

RTTNews | 10 분 전

South Korea Shares May Run Out Of Steam On Friday

The South Korea stock market has moved higher in four straight sessions, advancing almost 110 points or 3.6 percent along the way. The KOSPI now sits just above the 3,225-point plateau although the rally may stall on Friday.

RTTNews | 25 분 전

Japan Data On Tap For Friday

Japan will release a batch of data on Friday, headlining a modest day for Asia-Pacific economic activity. On tap are June figures for household spending and current account and July numbers for bank lending and the eco watchers survey.

RTTNews | 1 시간 25 분 전

U.S. Dollar Rises As Waller Emerges As Potential Fed Chair Successor

The U.S. dollar climbed against its most major counterparts in the New York session on Thursday, as Federal Reserve governor Christopher Waller emerged as a top candidate to replace Chair Jerome Powell.

RTTNews | 2 시간 12 분 전

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.

RTTNews | 8 시간 17 분 전

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.

RTTNews | 8 시간 49 분 전

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.

RTTNews | 8 시간 59 분 전

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.

RTTNews | 9 시간 56 분 전

EURUSD	1.16776	GBPUSD	1.34513	AUDUSD	0.65276
USDJPY	146.774	USDCAD	1.37337	USDCHF	0.8056

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Canadian Stocks Likely To Open On Mixed Note; GDP Data, Earnings In Focus