TSX Slids To 1-month Low; Tech Stocks Under Pressure Again

RTTNews | 2 hari yang lalu

(RTTNews) - The Canadian market is down firmly in negative territory a little before noon on Friday after strong jobs data raised the possibility of the Canadian central bank leaving interest rates unchanged at its next monetary policy meeting.

Concerns about high valuations of AI-related stocks, and uncertainty about growth due to the steep U.S. tariffs on most of the exports from Canada are also weighing on sentiment.

Data from Statistics Canada showed the unemployment rate in Canada fell to 6.9% in October from the four-year high of 7.1% in the previous month.

The economy added 66,600 jobs in October following a 60,400 increase in September.

The benchmark S&P/TSX Composite Index, which drifted down to 29,538.94 was down 303.97 points or 1.02% at 29,564.62 a little before noon.

Technology stocks are reeling under pressure. The Information Technology Capped Index is down 4.7%. Celestica Inc. is down more than 10%. Lightspeed Commerce and Bitfarms are plunging 7% and 6%, respectively.

Docebo Inc., Shopify, Open Text Corporation, Computer Modelling Group, Kinaxis and Blackberry are down 3 to 6%.

Healthcare stocks Chartwell Retirement Residences, Bausch Health Companies and Sienna Senior Living are down 3%, 1.5% and 1%, respectively.

Real estate stock Altus Group is down more than 16% after the company's third-quarter results fell short of expectations.

In the financials sector, Goeasy is down 3.6% and Brookfield Corporation is down 2.1%. Fairfax Financial Holdings, EQB Inc., Sun Life Financial, Brookfield Asset Management, Manulife Financial, Toronto-Dominion Bank and Royal Bank of Canada are down 1 to 2%.

Emera Inc. is gaining 1.1% after reporting net earnings of C$228 million for the third quarter of current financial year, up from C$4 million a year ago.

Ensign Energy Services Inc. is down 1.2% after the company reported funds flow from operations of C$88.221 million, or C$0.47 per share in the three months to September 2025, less than C$116.914 million, or $0.63 per share, in the same period last year.

Onex Corp is down nearly 1%. The company reported third-quarter net earnings of $39 million, or $0.57 a share, compared to $127 million, or $1.68 a share, last year.

Brookfield Asset Management Ltd is down by about 1% despite reporting higher quarterly earnings. The company reported third-quarter earnings of $724 million or $0.44 per share, compared to $544 million or $0.34 per share in the year-ago quarter.

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Monday, reversing the losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,800.00 level, with gains in mining and technology stocks and a mixed performance in most other sectors.

RTTNews | 1j 30min yang lalu

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as traders cheer reports the U.S. Senate is nearing a potential deal to extend government funding after the record 40-day long US government shutdown. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly lower on Friday.

RTTNews | 1j 43min yang lalu

Sensex, Nifty Seen Flat To Tad Higher At Open

Indian shares may open on a positive note Monday after reports emerged that the U.S. Senate is nearing a potential deal to extend government funding.

RTTNews | 2j 21min yang lalu

Lower Open Anticipated For Thai Stock Market

The Thai stock market headed south again on Friday, one day after ending the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,300-point plateau and it's looking at another soft start again on Monday.

RTTNews | 2j 55min yang lalu

Win Streak May End For Indonesia Stock Market

The Indonesia stock market has moved higher in three straight sessions, collecting almost 160 points or 1.2 percent along the way. The Jakarta Composite Index now sits just beneath the 8,400-point plateau although the rally may stall on Monday.

RTTNews | 3j 25min yang lalu

Steady Start Seen For Hong Kong Stock Market

The Hong Kong stock market turned lower again on Friday, one day after ending the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just above the 26,240-point plateau and it may see mild upside on Monday.

RTTNews | 3j 40min yang lalu

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, reversing some of the losses in the previous session, following the mixed cues from Wall Street on Friday, with the Nikkei 225 moving a tad above the 50,650 level, with gains across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | 3j 42min yang lalu

China Bourse May Spin Its Wheels On Monday

The China stock market on Friday ended the two-day winning streak in which it had advanced more than 45 points or 1.1 percent. The Shanghai Composite Index now sits just beneath the 4,000-point plateau and it may sink further on Monday.

RTTNews | 3j 55min yang lalu

EURUSD	1.15537	GBPUSD	1.31453	AUDUSD	0.65135
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