Canadian Market Ends Moderately Lower

RTTNews | 609 hari yang lalu

(RTTNews) - The Canadian market ended lower on Tuesday as weak oil prices weighed on energy stocks. Shares from materials and utilities sectors also declined sharply.

Investors digested the data on U.S. consumer price inflation, and looked ahead to the Federal Reserve's monetary policy announcement, due on Wednesday.

The benchmark S&P/TSX Composite Index, which dropped to 20,162.09, ended the day's session with a loss of 84.52 points or 0.42% at 20,233.84.

Cogeco Communications (CCA.TO) ended lower by 6% after Rogers Communications said it will sell all of its subordinate voting shares in Cogeco and Cogeco Communications to Quebec's provincial pension plan manager for C$829 million.

Spin Master Corp (TOY.TO), Tourmaline Oil Corp (TOU.TO), Nutrien (NTR.TO), Precision Drilling Corporation (PD.TO) and Franco-Nevada Corporation (FNV.TO) lost 3 to 4%.

BRP Inc (DOO.TO), Wheaton Precious Metals (WPM.TO), Newmont Corporation (NGT.TO), TFI International (TFII.TO), Onex Corporation (ONEX.TO), West Fraser Timber (WFG.TO) and Constellation Software (CSU.TO) ended lower by 1 to 2.6%.

Among the gainers, Stelco Holdings (STLC.TO) climbed 7.8%. GFL Environmental (GFL.TO), Gildan Activewear (GIL.TO), Waste Connections (WCN.TO), Boyd Group Companies (BYD.TO) and Cameco Corporation (CCO.TO) ended down 2 to 5%.

Goeasy (GSY.TO), Restaurant Brands International (QSR.TO), CGI Inc (GIB.A.TO), Thomson Reuters (TRI.TO), Molson Coors Canada (TPX.B.TO), Canadian Pacific Kansas City (CP.TO) and Descartes Systems Group (DSG.TO) advanced 1.5 to 2%.

Data from the Labor Department showed the consumer price index crept up by 0.1% in November after coming in unchanged in October. The uptick matched expectations.

Excluding food and energy prices, core consumer prices rose by 0.3% in November after edging up by 0.2% in October. The increase in core prices also came in line with estimates.

The report also said the annual rate of consumer price growth slipped to 3.1% in November from 3.2% in October, while the annual rate of core consumer price growth was unchanged at 4%.

Swiss Market Settles Marginally Higher

The Switzerland market ended marginally up on Tuesday after a choppy ride, with investors mostly making their moves, reacting to recent earnings updates.

RTTNews | 1j 1min yang lalu

European Stocks Close Broadly Higher On Fed Rate Cut Hopes, Easing Trading Tensions

European stocks closed broadly higher on Tuesday amid easing trade tensions after the U.S. extended its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war. Expectations of a rate cut by the Federal Reserve in September contributed as well to the positive show by most of the markets in Europe.

RTTNews | 1j 21min yang lalu

Canadian Market Modestly Higher

The Canadian market is up in positive territory around early afternoon on Tuesday, supported by gains in communications, healthcare, financials and technology sectors. Easing trade tensions, and expectations of an interest rate cut by the Federal Reserve next month appear to be aiding sentiment.

RTTNews | 1j 58min yang lalu

UK Labor Market Cools In Q2

The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.

RTTNews | 5j 21min yang lalu

U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in July after climbing by 0.3 percent in June. The modest increase matched expectations.

RTTNews | 5j 33min yang lalu

Cardinal Health Lifts FY26 Outlook, But Stock Down As Q4 Revenues Miss Street; To Buy Solaris Health

Shares of Cardinal Health, Inc. were losing around 6% in the pre-market activity after the company's fourth-quarter top line missed the market view, even as profit beat the Street. In addition, the health care service provider raised its fiscal 2026 outlook, also above market estimates. Separately, Cardinal Health announced that its multi-specialty management services organization or MSO platform

RTTNews | 5j 57min yang lalu

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday.

RTTNews | 6j 17min yang lalu

German ZEW Economic Confidence Deteriorates On Trade Deal

Economic sentiment in Germany deteriorated sharply in August due to the disappointing trade agreement reached with the United States, and also due to the declining economic output in the second quarter, results of the monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment plummeted to a three-month low of 34.7 in August.

RTTNews | 6j 52min yang lalu

EURUSD	1.16684	GBPUSD	1.34956	AUDUSD	0.65288
USDJPY	147.73	USDCAD	1.3776	USDCHF	0.8071