TSX Ends Marginally Down After Choppy Ride

RTTNews | 1015 일 전

(RTTNews) - The Canadian market ended marginally down after a choppy session on Wednesday with investors largely making cautious moves.

In addition to digesting the data on Canadian inflation, investors closely followed the developments on the geopolitical front following a missile blast in Poland.

The benchmark S&P/TSX Composite Index ended lower by 36.82 points or 0.18% at 19,957.96 after scaling a low of 19,897.26 and a high of 20,011.58 intraday.

Energy, healthcare and materials shares ended weak, while shares from consumer staples, industrials and consumer discretionary sectors posted strong gains.

Data from Statistics Canada showed Canada's annual inflation rate came in unchanged at 6.9% in October, and that was in line with expectations.

The core inflation rate slowed to 5.8% from 6% in the previous period. On a monthly basis, consumer prices rose by 0.7%, picking up from 0.1% in September.

A report from Canada Mortgage and Housing Corporation showed housing starts in Canada dropped by 11% over month earlier to 267,055 units in October.

First Quantum Minerals (FM.TO), Vermilion Energy (VET.TO), Paramount Resources (POU.TO), Methanex Corporation (MX.TO), Goeasy (GSY.TO) and Shopify Inc (SHOP.TO) ended lower by 3.3 to 6.5%.

Tourmaline Oil Corp (TOU.TO), Canadian Tire Corporation (CTC.A.TO), Nutrien (NTR.TO), West Fraser Timber (WFG.TO) and Kinaxis Inc (KXS.TO) also declined sharply.

Stelco Holdings (STLC.TO) climbed nearly 11%. The company reported adjusted net income of $163 million and adjusted net income per share of $2.40 in the third quarter of this financial year, down 74% from Q3 2021 and 54% from Q2 2022.

Restaurant Brands International (QSR.TO) surged more than 7%. Ag Growth International (AFN.TO), Fairfax Financial Holdings (FFH.TO), Canadian Pacific Railway (CP.TO) and CCL Industries (CCL.B.TO) gained 2.7 to 4.3%.

Metro Inc (MRU.TO) surged 2.75%. The company reported net earnings of $168.7 million in the fourth quarter, down 13.0% from a year ago. Adjusted net earnings came in at $219 .4 million in the latest quarter, up 9.4% over the year-ago quarter.

Loblaw Companies Ltd (L.TO) shares climbed 2.35%. Loblow reported adjusted net earnings of $663 million in the third quarter of this financial year, an increase of $123 million, or 22.8%, over the year-ago quarter.

Korea Interest Rate Decision Due On Thursday

The Bank of Korea will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 2.50 percent.

RTTNews | 29 분 전

Swiss Franc Advances Against Majors

The Swiss franc climbed against its major counterparts in the New York session on Wednesday.

RTTNews | 1 시간 57 분 전

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors largely stayed cautious, looking ahead to chipmaker Nvidia's quarterly earnings announcement, and continuing to assess the political situation in France.

RTTNews | 5 시간 35 분 전

Euro Falls Amid Political Uncertainty

The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.

RTTNews | 9 시간 50 분 전

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open on a positive note on Wednesday, riding on strong earnings from Royal Bank of Canada and National Bank of Canada. Weak commodity prices and concerns on the geopolitical and tariffs front may weigh limit market's upside.

RTTNews | 10 시간 16 분 전

European Stocks Turning In Mixed Performance

European stocks are turning in a mixed performance on Wednesday as political uncertainty in France, and a lack of any significant positive triggers render the mood cautious. Investors are also awaiting earnings updates from AI major NVIDIA.

RTTNews | 10 시간 43 분 전

FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower

U.K. stocks are somewhat subdued in lackluster trade on Wednesday as investors remain a bit reluctant to make significant moves due to a lack of triggers. The benchmark FTSE 100 was at 9,266.25 a little before noon, up 0.45 points over previous close.

RTTNews | 11 시간 32 분 전

CAC 40 Advances After Recent Losses

Despite the uncertainty on the political front, the French market is up in positive territory on Wednesday due largely to some bargain hunting at several counters after two successive days of declines. Investors are also looking ahead to AI giant Nvidia's earnings updates.

RTTNews | 11 시간 47 분 전

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