Canadian Market Ends On Weak Note

RTTNews | 1033 days ago
Canadian Market Ends On Weak Note

(RTTNews) - The Canadian market ended on a weak note on Thursday after languishing in the red right through the day's session, as rate hike concerns and the possible adverse impact of rising interest rates on economic growth weighed on stocks.

Shares from technology, industrials, real estate, utilities and financials sections were among the notable losers. Energy and materials shares found support. A few stocks from consumer discretionary and healthcare sections too climbed higher.

The benchmark S&P/TSX Composite Index, which dropped to a low of 19,386.71, ended the session with a loss of 81.99 points or 0.42% at 19,506.84.

BlackBerry (BB.TO), Toronto-Dominion Bank (TD.TO), Shopify Inc (SHOP.TO) and Kinross Gold Corporation (K.TO) lost 2.4 to 2.8% on huge volumes.

Docebo Inc (DCBO.TO) ended more than 4% down. Kinaxis Inc (KXS.TO) drifted down by about 3.7%. Colliers International (CIGI.TO), Waste Connections (WCN.TO), Descartes Systems Group (DSG.TO), Thomson Reuters (TRI.TO), TFI International (TFII.TO) and Fairfax Financial Holdings (FFH.TO) ended with sharp to moderate losses.

Atco Inc (ACO.Y.TO), Teck Resources (TECK.A.TO), Tecsys Inc (TCS.TO), Precision Drilling Corporation (PD.TO), Nutrien (NTR.TO), Sprott Inc (SII.TO), Methanex Corporation (MX.TO), Sierra Wireless (SW.TO) and Suncor Energy (SU.TO) gained 2 to 5%.

read more
Swiss Market Pares Early Gains, Settles Flat

Swiss Market Pares Early Gains, Settles Flat

Save for a brief while during the closing minutes, Switzerland's SMI index stayed positive on Monday, but still ended the session with just a slender gain as several stocks pared early gains due to a lack of support at higher levels.
RTTNews | 1h 49min ago
European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings

European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings

European markets closed mostly higher on Monday, led by gains in the banking and automobile sectors. Investors assessed U.S.-China trade discussions, recent earnings updates, and digested the latest batch of regional economic data, in addition to awaiting the Bank of England's monetary policy announcement due this week.
RTTNews | 2h 20min ago
U.S. Manufacturing Index Unexpectedly Edges Lower In October

U.S. Manufacturing Index Unexpectedly Edges Lower In October

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of October, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.7 in October after edging up to 49.1 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
RTTNews | 4h 35min ago
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open higher Monday morning, with firm metal prices expected to trigger buying in the materials sector. The focus will be on the developments on the trade front and corporate earnings announcements.
RTTNews | 6h 36min ago
UK Manufacturing PMI At 1-Year High

UK Manufacturing PMI At 1-Year High

The UK manufacturing activity shrank in October but the pace of contraction was the slowest in a year, the final purchasing managers' survey from S&P Global revealed on Monday. The factory Purchasing Managers' Index rose to a 12-month high of 49.7 in October from 46.2 in September. The flash reading was 49.6.
RTTNews | 7h 9min ago
Eurozone Manufacturing Sector Stagnates In October

Eurozone Manufacturing Sector Stagnates In October

Eurozone manufacturing sector stagnated in October, as initially estimated, following a fractional deterioration in September, the purchasing managers' survey compiled by S&P Global showed on Monday. The final Purchasing Managers' Index posted 50.0 in October, signalling no change in the operating conditions in the manufacturing sector. The score matched the initial estimate and remained above S
RTTNews | 7h 42min ago