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Canadian Market Up Marginally In Cautious Trade

RTTNews | 815 days ago

Canadian Market Up Marginally In Cautious Trade

(RTTNews) - Canadian stocks are turning in a mixed performance amid thin volumes on Monday. The benchmark index is up marginally thanks to gains in select healthcare, energy and financials shares.

News that U.S. President Joe Biden and Congressional Republican McCarthy agreed on a debt ceiling deal on Saturday to avert a fast-approaching default in early June is aiding sentiment.

Biden and McCarthy agreed on Saturday to avert an economically destabilizing default by suspending the $31.4 trillion debt ceiling until 2025.

With the U.S. market closed today for Memorial Day, the volume of business in quite thin, and activity is mostly stock specific.

The benchmark S&P/TSX Composite Index is up 36.29 points or 0.18% at 19,956.60 a little past noon.

Canadian Western Bank (CWB.TO) is gaining about 5%. Sprott Inc (SII.TO), ATS Corporation (ATS.TO), Cogeco Communications (CCA.TO), Cogeco Inc (CGO.TO), Stantec Inc (STN.TO), Onex Corporation (ONEX.TO), Toronto-Dominion Bank (TD.TO) and Colliers International (CIGI.TO) are up 1 to 2.3%.

Restaurant Brands International (QSR.TO), Rogers Communications (RCI.A.TO), Alimentation Couche-Tard (ATD.TO) and Fairfax Financial Holdings (FFH.TO) are declining 1 to 1.4%.

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FTSE 100 Slips Ahead Of Speeches At Jackson Hole Symposium

FTSE 100 Slips Ahead Of Speeches At Jackson Hole Symposium

U.K. stocks are drifting down a bit on Thursday with investors largely staying cautious, digesting flash survey data on regional manufacturing and services sector activity, and looking ahead to the Jackson Hole Symposium.

RTTNews | 1h 2min ago

CAC 40 Moderately Lower

CAC 40 Moderately Lower

French stocks are exhibiting weakness on Thursday in cautious trade, with investors awaiting speeches from central bank chiefs at the Jackson Hole Symposium, which gets underway later in the day. Investors are also digesting flash survey figures on regional manufacturing and services sector activity in the month of August.

RTTNews | 1h 27min ago

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.

RTTNews | 1h 31min ago

DAX Down Marginally

DAX Down Marginally

German stocks are down in negative territory on Thursday with investors making cautious moves while looking ahead to Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for clues about the central bank's likely move on rate cuts this year.

RTTNews | 1h 45min ago

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Indian shares extended gains for a sixth day running on Thursday as investors continued to remain optimistic about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).

RTTNews | 2h 0min ago

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.

RTTNews | 3h 3min ago

European Shares Subdued Ahead Of Jackson Hole Summit

European Shares Subdued Ahead Of Jackson Hole Summit

European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.

RTTNews | 3h 11min ago

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, after India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders.

RTTNews | 3h 23min ago

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