Canadian Stocks Rising Again; TSX Surges Past 20k Mark

RTTNews | 859 일 전
Canadian Stocks Rising Again; TSX Surges Past 20k Mark

(RTTNews) - After opening marginally up, the Canadian market gained in strength on Friday with stocks from consumer discretionary, technology, energy and industrials sectors rallying sharply on strong buying support.

Data showing an expansion in Canadian economic activity in the month of February is aiding sentiment. The Canadian economic activity likely increased by 0.3% over a month earlier in February 2023, preliminary estimates showed.

In January, the GDP increased by 0.5%, following a slight 0.1% contraction in December.

The benchmark S&P/TSX Composite Index, which surged to 20,126.54, is up 150.85 points or 0.77% at $20,091.84 about half an hour past noon.

Bombardier Inc (BBD.B.TO), Ag Growth International (AFN.TO), Cargojet (CJT.TO), Restaurant Brands International (QSR.TO), Magna International (MG.TO), Descartest Systems Group (DSG.TO), BRP Inc (DOO.TO) and Boyd Group Services (BYD.TO) are gaining 2 to 3.5%.

Constellation Software (CSU.TO), FirstService Corporation (FSV.TO), Toromont Industries (TIH.TO), Kinaxis Inc (KXS.TO), George Weston (WN.TO), Canadian National Railway (CNR.TO), Waste Connections (WCN.TO) and Canadian Tire Corporation (CTC.A.TO) are also notably higher.

read more
German Industrial Output Declines Most In 11 Months

German Industrial Output Declines Most In 11 Months

Germany's industrial production logged its biggest fall in nearly a year in June, data from Destatis revealed on Thursday. Industrial output decreased 1.9 percent on a monthly basis in June, worse than the economists' forecast of 0.4 percent drop. This was the biggest fall since July 2024.Production for May was revised down from the initially estimated 1.2 percent increase.
RTTNews | 22 분 전
Indian Rupee Rises To 3-day High Against U.S. Dollar

Indian Rupee Rises To 3-day High Against U.S. Dollar

The Indian rupee strengthened against the U.S. dollar in the Asian session on Thursday, as the monetary policy outlook from the Reserve Bank of India (RBI) helped the Indian currency amid rising trade tensions with the United States (US).
RTTNews | 36 분 전
Sensex, Nifty End Marginally Higher After Early Losses

Sensex, Nifty End Marginally Higher After Early Losses

Indian shares reversed early losses to end on a flat note Thursday. A cautious undertone prevailed after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a "penalty" in response to its continued purchase of Russian oil.
RTTNews | 45 분 전
Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk appetite by the investors, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the U.S. Fed cutting interest rates as early as September based on the recent economic data from the U.S.
RTTNews | 2 시간 13 분 전
China Exports Growth Accelerates; Imports Rise Unexpectedly

China Exports Growth Accelerates; Imports Rise Unexpectedly

China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday. Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
RTTNews | 2 시간 46 분 전
UK House Prices Rise At Fastest Pace In 6 Months

UK House Prices Rise At Fastest Pace In 6 Months

UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
RTTNews | 3 시간 26 분 전