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Bay Street May Open On Positive Note

RTTNews | 146 days ago

(RTTNews) - Canadian shares are likely to open higher on Friday, led by gains in the materials sectors thanks to rising metal prices. Gold prices climbed to record highs past $3,200 an ounce mark.

Escalating tensions between China and the U.S. could weigh on sentiment and cap market's upside.

The focus is also on the domestic front, with Canadian Prime Minister Mark Carney convening a meeting with his top cabinet colleagues later in the day to discuss the threat posed by U.S. tariffs.

Corus Entertainment (CJR-B.TO) reported an adjusted net loss attributable to shareholders of $42.7 million, or $0.21 per share, for the quarter ended February 28, 2025, compared with a loss of $5.9 million, or $0.03 per share, a year earlier.

On Thursday, the Canadian market ended sharply down, giving back ground following the spike seen over the course of Wednesday's session. The sharp pullback came as traders looked to cash in on the surge seen in afternoon trading on Wednesday after President Donald Trump announced a 90-day pause on new "reciprocal tariffs."

After soaring 1,220.13 points or 5.4% to 23,727.03 on Wednesday, the benchmark S&P/TSX Composite Index plunged 712.16 points or 3% to 23,014.87.

Asian stocks ended mostly lower on Friday after rising sharply in the previous session in response to U.S. President Donald Trump's 90-day tariff pause. Chinese and Hong Kong markets outperformed amid expectations for stronger stimulus.

European stocks are down in negative territory with rising trade tensions between China and the U.S. raising concerns a prolonged trade war between the two major economies could significantly impede global growth.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.31 or 0.52% at $60.38 a barrel.

Gold futures are up $70.40 or 2.22% at $3,247.90 after climbing to fresh record high thanks to a weaker dollar and rising economic concerns. Silver futures are up $0.666 or 2.17% at $31.425 an ounce, while Copper futures are up $0.1170 or 2.71% at $4.4380 per pound.

Japan Household Spending Data Due On Friday

Japan will on Friday release July figures for household spending, highlighting a modest day for Asia-Pacific economic activity. Spending is expected to rise 1.3 percent on month and 2.2 percent on year after sinking 5.2 percent on month and climbing 1.3 percent on year in June.

RTTNews | 33 minutes ago

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Thursday.

RTTNews | 1h 50min ago

Canadian Market Looks Headed For Another Positive Close

The Canadian market is firmly placed in positive territory Thursday afternoon, thanks largely to a fine performance by several technology stocks, and a few frontline stocks from consumer discretionary, real estate, communications and financials sectors.

RTTNews | 4h 25min ago

Swiss Market Closes On Buoyant Note

The Switzerland market closed on a strong note on Thursday, in line with most of the markets across Europe, amid rising expectations of a rate cut by the Federal Reserve, and easing concerns about tariffs.

RTTNews | 5h 0min ago

European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European stocks closed mostly higher on Thursday, with most of the markets in the region gaining for a second straight day amid cooling bond markets. Still, the mood in the markets remained a bit cautious with investors looking ahead to crucial U.S. non-farm payroll data on Friday.

RTTNews | 5h 35min ago

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.

RTTNews | 8h 2min ago

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | 8h 20min ago

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | 8h 50min ago

EURUSD	1.16497	GBPUSD	1.34332	AUDUSD	0.65177
USDJPY	148.465	USDCAD	1.38185	USDCHF	0.80558