TSX Ends Nearly 1% Down As Resources Stocks Fall

RTTNews | 259 hari yang lalu

(RTTNews) - The Canadian market closed notably lower on Thursday as stocks tumbled on sustained selling pressure due to weak commodity prices and rising concerns about U.S. President-elect Donald Trump's tariff threats.

The benchmark S&P/TSX Composite Index ended with a loss of 246.99 points or 0.96% at 25,410.71, a more than two week low.

Materials and energy stocks were the major losers. The Materials Capped Index fell 2.46%, while the Energy Capped Index lost 1.74%.

Imperial Oil (IMO.TO) tumbled 6.7%. Pan American Silver Corp (PAAS.TO), Endeavour Mining (EDV.TO), Wheaton Precious Metals (WPM.TO), Alamos Gold (AGI.TO), Lundin Gold (LUG.TO) and North West Company (NWC.TO) closed lower by 3 to 5%.

Onex Corporation (ONEX.TO), Cameco Corporation (CCO.TO), Intact Financial Corporation (IFC.TO), Canadian Natural Resources (CNQ.TO), Methanex Corporation (MX.TO) and Suncor Energy (SU.TO) lost 2 to 2.8%.

Empire Company (EMP.A.TO) climbed about 5.3% after the company reported net earnings of $173.4 million ($0.73 per share) for the second quarter of fiscal 2025, compared to $181.1 million ($0.72 per share) in the second quarter of financial year 2024. For the quarter, the Company recorded adjusted net earnings of $173.4 million ($0.73 per share) compared to $178.3 million ($0.71 per share) last year.

Transcontinental Inc. (TCL.B.TO) rallied 4.4%. Bausch + Lomb Corporation (BLCO.TO), Bombardier Inc (BBD.B.TO), Hut 8 Corp (HUT.TO), Transcontinental (TCL.A.TO), Senvest Capital (SEC.TO), Descartes Systems Group (DSG.TO), Celestica Inc (CLS.TO), Great-West Lifeco (GWO.TO) and Loblaw Companies (L.TO) gained 1 to 3.5%.

Transat A.T. Inc. (TRZ.TO) gained 4.7%. The company reported a net income of $41.2 million or $1.05 per share for the quarter ended October 31, 2024, compared to $3.2 million or $0.08 per share in the year-ago quarter.

In economic news, data from Statistics Canada said the total value of building permits in Canada fell 3.1% month-over-month to $12.61 billion in October, retreating from an 11.5% increase in the previous month.

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.

RTTNews | 12 minit yang lalu

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.

RTTNews | 32 minit yang lalu

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | 1j 5min yang lalu

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | 3j 32min yang lalu

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | 3j 43min yang lalu

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | 3j 54min yang lalu

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | 4j 5min yang lalu

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | 4j 12min yang lalu

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