TSX Ends Lower As Technology Stocks Tumble

RTTNews | 239 일 전

(RTTNews) - The Canadian market closed weak on Tuesday, extending losses from previous session, amid political uncertainty in Canada after Prime Minister Justin Trudeau announced his resignation.

A sell-off in the technology sector contributed to the weak close.

The benchmark S&P/TSX Composite Index ended with a loss of 69.90 points or 0.28% at 24,929.89. The index, which climbed to 25,197.00 in early trades, dropped to a low of 24,863.85 in the final hour.

The Capped Information Technology Index dropped 3.13% as technology stocks tumbled on higher bond yields. Shopify Inc (SHOP.TO) ended down 6.3%. Contellation Software (CSU.TO), Lightspeed Commerce (LSPD.TO), Dye & Durham (DND.TO), Enghouse Systems (ENGH.TO), Docebo Inc (DCBO.TO), Tecsys (TCS.TO), Descartes Systems Group (DSG.TO), Coveo Solutions (CVO.TO) and Open Text Corp (OTEX.TO) lost 2 to 4%.

Hut 8 Corp (HUT.TO), Cameco Corporation (CCO.TO), Stella-Jones (SJ.TO), Capital Power Corporation (CPX.TO), Dayforce (DAY.TO) and Bank of Nova Scotia (BNS.TO) were among the notable losers from other sectors.

Precision Drilling Corporation (PD.TO) climbed 4.7%. Imperial Oil (IMO.TO), Suncor Energy (SU.TO), Cogeco Communications (CCA.TO), Quebecor Inc (QBR.TO), Franco-Nevada Corporation (FNV.TO) and Agnico Eagle Mines (AEM.TO) lost 2 to 4.5%.

GFL Environmental Inc. (GFL.TO) closed lower by 1%. The company announced that it will sell its environmental services division to Apollo Global Management and BC Partners in a deal valued at C$ 8 billion.

In economic news, data from Statistics Canada showed the nation's trade deficit stood at C$ 0.32 billion in November, narrowing from an upwardly revised C$ 0.54 billion gap in the previous month.

Exports increased by 2.2% to C$ 66.1 billion, while imports rose by 1.8% to C$ 66.4 billion.

A report from the Ivey Business School said the Ivey Purchasing Managers Index in Canada rose to 54.7 in December, up from 52.3 in November.

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.

RTTNews | 54 분 전

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | 1 시간 12 분 전

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | 1 시간 42 분 전

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.

RTTNews | 1 시간 46 분 전

U.S. Private Sector Job Growth Slows More Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August. ADP said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July. Economists had expected private sector employment to rise by 65,000 jobs.

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U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2

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TSX Ends Lower As Technology Stocks Tumble

U.S. Services Index Climbs To Six-Month High In August

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

U.S. Trade Deficit Widens More Than Expected As Imports Spike

U.S. Jobless Claims Rise More Than Expected To Two-Month High

U.S. Private Sector Job Growth Slows More Than Expected In August

U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2

U.S. Trade Deficit Widens More Than Expected In July

U.S. Weekly Jobless Claims Rise More Than Expected