TSX Rises For 8th Straight Session

RTTNews | 217 일 전

(RTTNews) - The Canadian market continued its climb up north with stocks turning in a fine performance on Thursday on hopes some major central banks, including the Federal Reserve will lower interest rates in the first quarter.

At the World Economic Forum in Davos, Switzerland, U.S. President Donald Trump reaffirmed his earlier promises of tax cuts, tariffs on trading partners, and increased energy production. He also urged major central banks to lower interest rates.

The benchmark S&P/TSX Composite Index ended with a gain of 122.58 points or 0.48% at 25,434.08, rising for the eighth consecutive session.

Consumer discretionary, consumer staples, industrials and utilities stocks were among the major gainers. A few stocks from financials and communications sectors also moved notably higher.

Propel Holdings (PRL.TO), Badger Infrastructure Solutions (BDGI.TO) and Aecon Group Inc. (ARE.TO) climbed 9.9%, 8.8% and 7.3%, respectively.

Canadian Tire Corporation (CTC.A.TO), goeasy (GSY.TO), TerraVest Industries (TVK.TO), George Weston (WN.TO), Methanex Corporation (MX.TO), Nutrien (NTR.TO), E-L- Financial Corporation (ELF.TO) and MTY Food Group (MTY.TO) gained 2 to 4.5%.

Canadian National Railway (CNR.TO), Loblaw Companies (L.TO), Canadian Pacific Kansas City (CP.TO), EQB Inc (EQB.TO), Dollarama Inc (DOL.TO) and Restaurant Brands International (QSR.TO) closed higher by 1.5 to 2%.

Precision Drilling Corporation (PD.TO), Dundee Precious Metals (DPM.TO), TransAlta Corporation (TA.TO), Molson Coors Canada (TPX.B.TO), Dye & Durham (DND.TO), Osisko Gold Royalties (OR.TO) and Hut 8 Corp (HUT.TO) ended down 1.5 to 3.2%.

On the economic front, data from Statistics Canada showed that retail sales in Canada incresed 1.6% in November 2024, over the same month in the previous year. According to preliminary estimates, retail sales are expected to surge 1.6% month-over-month in December 2024. That will be the biggest gain since May 2022.

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.

RTTNews | 1 시간 52 분 전

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.

RTTNews | 2 시간 12 분 전

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | 2 시간 45 분 전

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | 5 시간 12 분 전

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | 5 시간 23 분 전

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | 5 시간 34 분 전

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | 5 시간 45 분 전

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | 5 시간 51 분 전

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