TSX Ends Weak On Growth Concerns

RTTNews | 844 일 전

(RTTNews) - The Canadian market ended lower on Tuesday as healthcare, materials and utilities shares fell on selling pressure.

Energy and technology stocks started off on a weak note, but regained most of the lost ground as the session progressed.

The benchmark S&P/TSX Composite Index, which fell to 20,468.68 intraday, ended the session with a loss of 93.71 points or 0.45% at 20,532.93.

Data showing a slowdown in manufacturing activity in the U.S., Europe, the U.K., and China rendered the mood cautious.

A report from Markit Economic said the S&P Global Canada Manufacturing PMI rose to 49.6 in July of 2023 from 48.8 in June, beating market expectations of 48.9, but marking a third consecutive month of contraction in the Canadian manufacturing sector.

In the healthcare sector, Tilray Inc (TLRY.TO) ended 4.8% down, and Bausch Health Companies (BHC.TO) ended lower by 1.7%.

Among materials shares, Silvercrest Metals (SIL.TO) tanked 21.5% after two brokerages cut the price target of the stock.

Centerra Gold (CG.TO) ended 6.6% down, while Equinox Gold Corp (EQX.TO), Endeavour Silver Corp (EDR.TO), Osisko Mining Corp (OSK.TO) and MAG Silver Corp (MAG.TO) lost 4.4 to 5%.

In the utilities section, Boralex Inc (BLX.TO), Brookfield Renewable (BEP.UN.TO), Algonquin Power (AQN.TO), Innergex Renewables (INE.TO), Canadian Utilities (CU.TO), Emera Inc (EMA.TO) and Fortis Inc (FTS.TO) ended lower by 1 to 2.5%.

Molson Coors Canada Inc (TPX.B.TO), Stelco Holdings (STLC.TO), Nuvei Corporation (NVEI.TO), Sprott Inc (SII.TO) and Nutrien (NTR.TO) were among the other major losers.

Wajax Corporation (WJX.TO), TFI International (TFII.TO), Docebo Inc (DCBO.TO), Linamar Corporation (LNR.TO), Waste Connections (WCN.TO), Ag Growth International (AFN.TO), Bombardier Inc (BBD.B.TO), FirstService Corporation (FSV.TO), Toromont Industries (TIH.TO) and Fairfax Financial Holdings (FFH.TO) gained 1 to 4%.

Canadian Dollar Falls Against Australian Dollar, Japanese Yen

The Canadian dollar fell against the Australian dollar and the Japanese yen in the New York session on Friday.

RTTNews | 1 일 전

Swiss Market Shrugs Off Early Weakness, Settles On Firm Note

After struggling for direction till more than an hour past noon on Friday, the Switzerland market gradually moved higher as stocks found some support amid slight hopes about an interest rate cut by the Federal Reserve next month after a central bank official said he sees "room for a further adjustment" to rates in the near term.

RTTNews | 1 일 전

European Stocks Close Lower On Weak Economic Data, Valuations Concerns

European stocks closed lower on Friday amid renewed concerns about lofty tech valuations and a batch of weak regional economic data. Comments from a senior Fed official reviving hopes for monetary easing helped limit the downside in some of the markets in the region.

RTTNews | 1 일 전

Canadian Market Rises After Cautious Start; Consumer Discretionary Stocks Move Up

After a slightly positive start and a subsequent mild retreat, the Canadian market moved higher Friday morning, lifted by gains in consumer discretionary, healthcare, real estate and communications sectors.

RTTNews | 1 일 전

U.S. Wholesale Inventories Unexpectedly Flat In August

With an uptick in inventories of durable goods offset by a dip in inventories of non-durable goods, the Commerce Department released a report showing U.S. wholesale inventories came in roughly flat in the month of August. The report said wholesale inventories were virtually unchanged in August after inching up by 0.1 percent in July.

RTTNews | 1 일 전

U.S. Consumer Sentiment Deteriorates Slightly Less Than Previously Estimated In November

Partly reflecting the end of the U.S. government shutdown, the University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly less than previously estimated in the month of November. The University of Michigan said its consumer sentiment index for November was upwardly revised to 51.0 from the preliminary reading of 50.3.

RTTNews | 1 일 전

Bay Street May Open With Negative Bias

The Canadian market may open with a negative bias Friday morning, tracking weak global stocks and lower oil and silver prices. Slightly fading hopes about an interest rate cut by the Federal Reserve next month, and renewed concerns about valuations of AI-related stocks are likely to weigh on stocks.

RTTNews | 1 일 전

UK Private Sector Growth Softens

The UK private sector activity reported a softer expansion in November, largely due to a loss of momentum in the service sector, flash survey results from S&P Global revealed on Friday. The composite output index fell more-than-expected to 50.5 in November from 52.2 in October. The expected level was 51.8.

RTTNews | 1 일 전

EURUSD	1.15095	GBPUSD	1.3097	AUDUSD	0.6454
USDJPY	156.38	USDCAD	1.4101	USDCHF	0.80829