Bay Street Headed For Positive Start

RTTNews | 88 hari yang lalu

(RTTNews) - Firm commodity prices and steady global stocks amid optimism about trade deals point to a positive start for the Canadian market on Friday. Canadian jobs data for the month of April, and corporate earnings updates are also set to make an impact.

Investors hope the U.S. and China will strike a trade deal or agree on a preliminary framework for the same this weekend.

Data released by Statistics Canada showed the Canadian economy added 7,400 jobs in the month of April, after seeing a drop of 32,600 jobs in March.

Meanwhile, the unemployment rate in Canada increased to 6.9% in April, up from 6.7% a month earlier.

Enbridge Inc. (ENB.TO) reported adjusted earnings of $2.2 billion or $1.03 per common share for the first-quarter of its current financial year, compared with $2.0 billion or $0.92 per common share in the year-ago quarter.

Telus Corporation (T.TO) reported net income of $301 million for the first quarter of 2025, up 115% compared to a year ago.

Onex Corporation (ONEX.TO) reported first-quarter net earnings of $168 million, compared to $10 million in the year-ago quarter.

Algonquin Power & Utilities (AQN.TO) reprted net earnings of $95.4 million for the second quarter of its current financial year, as against net loss of $56.8 million a year ago.

Air Canada, Canadian Tire Corporation, MAG Silver, NuVista Energy and Pembina Pipeline reported higher earnings for their latest quarter.

The Canadian market closed on a firm note on Thursday following U.S. President Donald Trump unveiling the framework of a trade agreement with the U.K.

The benchmark S&P/TSX Composite Index pulled back off its best levels in the latter part of the trading day but still closed up 92.88 points or 0.7% at a one-month closing high of 25,254.06.

European stocks are up in positive territory amid hopes of more major countries striking trade deals with the U.S., after Trump unveiled the framework for an agreement with the U.K.

In commodities trading, West Texas Intermediate Crude oil futures are up $1.30 or 2.15% at $61.21 a barrel.

Gold futures are gaining $30.40 or 0.91% at $3,336.40 an ounce, while Silver futures are up $0.098 or 0.3% at $32.715 an ounce.

Australian Market Maintains Early Gains In Mid-market

The Australian stock market is maintaining its early gains in mid-market moves on Wednesday, extending to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 8,800 level to all-time record highs, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | 36 minit yang lalu

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, amid the ongoing trade concerns following US President Donald Trump's latest comments on tariffs. Trump said he will be announcing new tariffs on semiconductors and chips as well as up to 250 percent on pharmaceuticals imported into the U.S.

RTTNews | 59 minit yang lalu

Sensex, Nifty Likely To Open On Flat Note On Tariff Worries

Indian shares look set to open on a flat note Wednesday as investors react to U.S. President Donald Trump's latest tariff threats and await the Reserve Bank of India's policy announcement, with investors expecting a rate pause and dovish signals to offset rising external risks.

RTTNews | 1j 32min yang lalu

Lower Open Called For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, gathering almost 30 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,245-point plateau and it's expected to open under pressure on Wednesday.

RTTNews | 2j 5min yang lalu

Japanese Market Slightly Higher

The Japanese stock market is slightly higher on Wednesday after opening well in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving well above the 40,550 level, with gains in automakers, exporters and financial stocks partially offset by weakness in technology stocks.

RTTNews | 2j 27min yang lalu

Indonesia Stock Market May Open In The Red On Wednesday

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just above the 7,515-point plateau and it may hand back Tuesday's gains on Wednesday.

RTTNews | 2j 35min yang lalu

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, adding to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 8,800 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | 2j 48min yang lalu

Hong Kong Shares Due For Consolidation On Wednesday

The Hong Kong stock market has moved higher in consecutive trading days, advancing almost 400 points or 1.7 percent along the way. The Hang Seng Index now rests just above the 24,900-point plateau although investors may lock in gains on Wednesday.

RTTNews | 2j 50min yang lalu

EURUSD	1.15812	GBPUSD	1.33101	AUDUSD	0.64901
USDJPY	147.397	USDCAD	1.37683	USDCHF	0.80668

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Bay Street Headed For Positive Start