TSX Ends Nearly 300 Pts Down As Stocks Tumble On Growth Worries

RTTNews | 394 일 전
TSX Ends Nearly 300 Pts Down As Stocks Tumble On Growth Worries

(RTTNews) - The Canadian market suffered one of its worst setbacks in several months on Tuesday as stocks tumbled on concerns about growth and interest rate outlook, and weak commodity prices, ahead of the Federal Reserve's monetary policy announcement.

The benchmark S&P/TSX Composite Index ended down by 297.08 points or 1.35% at 21,714.54.

Energy and materials stocks suffered the most. The Energy Capped Index and the Materials Capped Index dropped 3.07% and 3.06%, respectively. Industrials, technology and consumer staples stocks were the other major losers.

Ag Growth International (AFN.TO) tanked nearly 14%. Cameco Corporation (CCO.TO), Molson Coors Canada (TPX.B.TO), Methanex Corporation (MX.TO), Precision Drilling Corporation (PD.TO), TFI International (TFII.TO), goeasy (GSY.TO) and Colliers International (CIGI.TO) lost 2 to 7%.

Canopy Growth Corporation (WEED.TO) skyrocketed 80%. Aurora Cannabis (ACB.TO) and Tilray Brands (TLRY.TO) soared 46.2% and 42%, respectively.

Restaurant Brands International (QSR.TO) gained 3.6%. The company reported adjusted profit of US$ 331 million, or US$ 0.73 per share for the first quarter of this year, compared with adjusted profit of US$ 340 million, or US$ 0.75 per share, last year.

Cargojet (CJT.TO), CCL Industries (CCL.A.TO) and Boyd Group Services (BYD.TO) also ended sharply higher.

Data from Statistics Canada showed the nation's economy grew by 0.2% in February, less than the preliminary estimate of 0.4%. According to preliminary estimate, the Canadian economy is expected to have remain unchanged in March 2024.

read more
U.S. Dollar Falls After Tariff Ruling

U.S. Dollar Falls After Tariff Ruling

The U.S. dollar weakened against its major counterparts in the New York session on Thursday, as a federal court ruled against Trump's tariffs, dealing a blow to a key part of his economic agenda.
RTTNews | 2 시간 20 분 전
U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

A report released by the Commerce Department on Thursday showed the U.S. economy shrank by slightly less than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product edged down by a revised 0.2 percent in the first quarter compared to the previously reported 0.3 percent dip. Economists had expected the modest decrease to be unrevised.
RTTNews | 7 시간 2 분 전
U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 240,000, an increase of 14,000 from the previous week's revised level of 226,000. Economists had expected jobless claims to inch up to 230,000.
RTTNews | 7 시간 5 분 전
Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Corp. is recalling around 256,185 pounds of canned beef stew product that may be contaminated with foreign material, specifically wood, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The Tucker, Georgia-based branded food major's recall involves 20-oz. metal cans containing "Dinty Moore BEEF STEW" with "BEST BY FEB 2028".
RTTNews | 7 시간 39 분 전
UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK automotive manufacturing registered its weakest start to a year since 2009, the Society of Motor Manufacturers & Traders, or SMMT, said Thursday. Car and commercial vehicle production decreased 15.8 percent on a yearly basis to 59,203 units in April. Auto production fell to the lowest level for the month since 1952, excluding 2020 when the first Covid lockdown effectively saw manufacturing c
RTTNews | 8 시간 7 분 전
Bay Street Looks Set To Start On Firm Note

Bay Street Looks Set To Start On Firm Note

Canadian shares look headed for a firm start on Thursday, with encouraging earnings by Royal Bank of Canada and Canadian Imperial Bank of Commerce, and a U.S. court ruling against U.S. President Donald Trump's sweeping tariff moves set to lift sentiment.
RTTNews | 8 시간 22 분 전
U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday.
RTTNews | 8 시간 41 분 전