TSX Ends Moderately Higher Ahead Of Long Weekend

RTTNews | 727 일 전

(RTTNews) - The Canadian market ended on a firm note on Friday, led by gains in utilities, materials, energy and financials shares.

Data showing less than expected employment growth in Canada and the U.S. in the month of July raised expectations the central banks will soon end their policy tightening.

Higher oil and gold prices supported materials and energy stocks.

The benchmark S&P/TSX Composite Index, which climbed to 20,356.60, ended with a gain of 115.30 points or 0.57% at 20,236.04. The index shed 1.39% in the week. The Canadian market will be closed on Monday for Civic Day holiday.

Data from Statistics Canada said the Canadian economy shed 6,400 jobs in July, after seeing an addition of 59,900 jobs in June. Economists had expected the economy to add 21,100 jobs in July.

The data from Statistics Canada also showed that the unemployment rate in Canada edged higher for the third straight month in July, rising to 5.5%, after a 5.4% increase in the previous month.

Meanwhile, average hourly earnings for permanent employees in Canada increased by 5% yoy to $34.6 in July 2023, accelerating from the 3.9% growth in the previous month.

According to a report from the Ivey Business School, the Ivey Purchasing Mangers Index in Canada fell to 48.6 in July from 50.2 in the prior month.

Maple Leaf Foods Inc (MFI.TO) climbed more than 6.5%. Badger Infrastructure Solutions (BDGI.TO) rallied 4.7% and Fairfax Financial Holdings (FFH.TO) surged 4.3%.

Wheaton Prcious Metals (WPM.TO), Methanex Corporation (MX.TO), Intact Financial Corporation (IFC.TO), goeasy (GSY.TO), EQB Inc (EQB.TO) and Stantec Inc (STN.TO) gained 2.5 to 4%.

Telus Corp (T.TO) ended marginally down after reporting a net income of $196 million for the second quarter of this financial year, compared to net income of $498 million in the year-ago quarter.

Telus International (TIXT.TO) climbed about 4.2%. The company reported a net loss of $7 million for the second quarter, compared with net income of $56 million in the same quarter last year.

TransAlta Corporation (TA.TO) gained more than 2% on strong results. The company reported net earnings of $62 million for the second quarter of this year, compared with net loss of $80 million in the second quarter of the previous financial year.

Magna International (MG.TO) ended lower by 3.25% despite reporting a profit in the second quarter. The company reported net earnings of $339 million or $1.18 per share for the second quarter, compared to a loss of $156 million or $0.54 loss per share in the year-aqo quarter. Adjusted earnings were $1.50 per share, compared to $0.83 per share a year ago.

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.

RTTNews | 42 분 전

Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 44 분 전

Pound Slides Against Most Majors

The pound fell against its most major counterparts in the New York session on Thursday.

RTTNews | 6 시간 40 분 전

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.

RTTNews | 8 시간 31 분 전

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

RTTNews | 9 시간 2 분 전

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.

RTTNews | 11 시간 50 분 전

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.

RTTNews | 12 시간 33 분 전

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.

RTTNews | 12 시간 40 분 전

EURUSD	1.14144	GBPUSD	1.31964	AUDUSD	0.64299
USDJPY	150.789	USDCAD	1.38543	USDCHF	0.81376

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TSX Ends Moderately Higher Ahead Of Long Weekend