Bay Street Likely To Open On Subdued Note

RTTNews | 516 hari yang lalu
Bay Street Likely To Open On Subdued Note

(RTTNews) - It's likely to be a somewhat subdued start for the Canadian market Thursday morning with investors tracking crude oil and metal prices. Concerns about the outlook for interest rates may weigh and limit market's upside.

In company news, Lithium Americas (LAC.TO) said Wednesday that it would raise US$275 million by selling 55 million common shares at US$5 apiece in an underwritten public offering expected to close on April 22. The company plans to use the proceeds to advance the construction and development of its Thacker Pass lithium project in Humboldt County, Nevada.

On Wednesday, Canadian stocks moved mostly higher in early trading but gave back ground over the course of the session.

The benchmark S&P/TSX Composite Index pulled back well off its early highs and settled up 13.18 points or 0.1% at 21,656.05.

Asian stocks ended broadly higher on Thursday, as the dollar and U.S. Treasury yields retreated from recent highs and Taiwan Semiconductor Manufacturing Corp., the world's largest producer of advanced processors, clocked a stronger-than-expected first-quarter profit on strong AI chip demand.

European stocks are modestly higher soft eurozone inflation data for March boosted hopes for an ECB rate cut in June.

In commodities, West Texas Intermediate Crude oil futures are down $0.59 or 0.71% at $82.10 a barrel.

Gold futures are up $8.50 or 0.36% at $2,396.90 an ounce, while Silver futures are gaining $0.150 or 0.53% at $28.550 an ounce.

read more
Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

The Switzerland market closed notably lower on Tuesday, in line with most of the major markets across Europe, as the mood remained cautious ahead of monetary policy announcements from the Federal Reserve and the Bank of England, due on Wednesday and Thursday, respectively.
RTTNews | 3j 15min yang lalu
U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates.
RTTNews | 4j 32min yang lalu
U.S. Homebuilder Confidence Holds Steady In September

U.S. Homebuilder Confidence Holds Steady In September

Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.
RTTNews | 4j 59min yang lalu
U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.
RTTNews | 5j 17min yang lalu
U.S. Import Prices Unexpectedly Increase In August

U.S. Import Prices Unexpectedly Increase In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.
RTTNews | 5j 33min yang lalu
Canadian Market Drifts Lower In Cautious Trade

Canadian Market Drifts Lower In Cautious Trade

The Canadian market is down in negative territory Tuesday morning, as data showing an increase in the nation's consumer price inflation dimmed the extent of rate cuts this year although the Canadian central bank is widely expected to lower interest rate by 25 basis points on Wednesday.
RTTNews | 5j 59min yang lalu
U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.
RTTNews | 7j 0min yang lalu