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Canadian Market Recovers From Early Setback, Down Just Marginally

RTTNews | 4h 58min ago

(RTTNews) - Canadian stocks are down in negative territory on Thursday, extending weakness to a third straight session, amid uncertainty about the outlook for U.S. interest rates following data showing stronger than expected U.S. GDP growth in the second quarter.

Technology stocks are among the major losers. Healthcare stocks are also mostly weak. Materials, communications and utilities stocks are finding some support.

The benchmark S&P/TSX Composite Index, which tumbled nearly 220 points to 29,544.81 earlier in the session, was down 21.72 points or 0.07% at 29,735.23 a few minutes before noon.

The Information Technology Capped Index is down nearly 2.5%. Constellation Software, Dye & Durham and Shopify are down 4.9%, 4.3% and 3.4%, respectively. Open Text Corporation, Coveo Solutions, Enghouse Systems, Docebo, CGI Inc., and Descartes Systems Group are down 2 to 3%.

Healthcare stock Bausch Health Companies is down more than 3%. Tilray is down 5%, and Canopy Growth Corporation is down 2.5%.

Ivanhoe Mines, West Fraser Timber, CAE, Canfor, Ballard Power Systems, Air Canada, CCL Industries and Ero Copper are among the other notable losers.

Brookfield Business Partners, Cameco, NovaGold Resources, Parex Resources, SSRMining, Barrick Gold Corporation, BlackBerry, Nutrien, Paramount Resources, Celestica Inc., and ARC Resources are up 2 to 6.5%.

On the economic front, data from Statistics Canada showed average weekly earnings in Canada rose 3.3% year-on-year to C$1,307.86 in July, easing slightly from 3.6% in June.

In U.S. economic news, data from the Labor Department showed initial jobless claims in the U.S. fell to 218,000 in the week ended September 20th, a decrease of 14,000 from the previous week's revised level of 232,000. Economists had expected jobless claims to inch up to 235,000.

The Commerce Department also released separate reports showing an unexpected surge by durable goods orders in August as well as much stronger than previously estimated GDP growth in the second quarter.

On Friday, the Commerce Department is scheduled to release its report on personal income and spending in August, which includes the Fed's preferred readings on consumer price inflation.

Fed's Schmid Says Current Policy Stance Only Slightly Restrictive

Kansas City Fed President and CEO Jeffrey Schmid, who supported the latest Federal Reserve rate cut, said on Thursday that the current policy stance was appropriate to strike a balance between maintaining price stability and as an insurance against any substantial weakening in the labor market in the coming months.

RTTNews | 1h 26min ago

Swiss Market Ends Weak For 3rd Straight Day; SNB Leaves Rates Unchanged

The Switzerland market ended notably lower for a third straight session, as stocks reeled under selling pressure right through the day's trading session Thursday. Investors digested the Swiss central bank's decision to leave its policy rate unchanged.

RTTNews | 2h 54min ago

European Markets Close Weak On Rate Uncertainty, Growth Concerns

European stocks closed broadly lower on Thursday, weighed down by concerns about Trump administration's trade policy, and uncertainty about the outlook for Federal Reserve's interest rates. Investors digested regional data, and the latest batch of economic data from the U.S.

RTTNews | 3h 11min ago

U.S. Existing Home Sales Dip Much Less Than Expected In August

Existing home sales in the U.S. saw a modest pullback in the month of August, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales dipped by 0.2 percent to an annual rate of 4.00 million in August after jumping by 2.0 percent to an annual rate of 4.01 million in July. Economists had expected existing home sales to slump by 1.3 percent.

RTTNews | 6h 33min ago

U.S. GDP Surges 3.8% In Q2, Much More Than Previously Estimated

Revised data released by the Commerce Department on Thursday showed the U.S. economy unexpectedly grew by much more than previously estimated in the second quarter of 2025. The report said real gross domestic product spiked by 3.8 percent in the second quarter compared to the previously reported 3.3 percent surge. Economists had expected the pace of GDP growth to be unrevised.

RTTNews | 6h 37min ago

U.S. Durable Goods Orders Unexpectedly Rebound In August

After reporting a sharp pullback by new orders for U.S. manufactured durable goods over the two previous months, the Commerce Department released a report on Thursday unexpectedly showing a significant rebound by durable goods orders in the month of August. The Commerce Department said durable goods orders shot up by 2.9 percent in August after tumbling by a revised 2.7 percent in July.

RTTNews | 7h 2min ago

Starbucks To Close Coffeehouses, Cut 900 Jobs In $1 Bln Restructuring

As part of its "Back to Starbucks" strategy, Coffee giant Starbucks Corp. Thursday announced a $1 billion restructuring plan involving the closure of select coffeehouses and around 900 job cuts. In a filing with the U.S. Securities and Exchange Commission, the company said it estimates the $1 billion restructuring charges to be related to the store closures, support organization transformation,

RTTNews | 7h 11min ago

U.S. Weekly Jobless Claims Unexpectedly Decrease To Two-Month Low

A report released by the Labor Department on Thursday unexpectedly showed an extended pullback by first-time claims for U.S. unemployment benefits in the week ended September 20th. The Labor Department said initial jobless claims fell to 218,000, a decrease of 14,000 from the previous week's revised level of 232,000. Economists had expected jobless claims to inch up to 235,000.

RTTNews | 7h 20min ago

EURUSD	1.1666	GBPUSD	1.33454	AUDUSD	0.65399
USDJPY	149.783	USDCAD	1.39425	USDCHF	0.7996