Bay Street Likely To Open Flat Or With Slightly Negative Bias

RTTNews | 230 дней спустя

(RTTNews) - Canadian shares may open flat or with a slightly negative bias on Thursday, tracking weak crude oil prices and amid concerns about potential imposition of new tariffs by the Trump Administration.

Preliminary data on Canadian retail sales for the month of December, and final data for the month of November are due at 8:30 AM ET.

Retail sales likely remained unchanged from the previous month in November, according to flash estimate, following a 0.6% increase in October.

K92 Mining Inc. (KNT.TO) today released a production outlook of 160,000 to 185,000 ounces gold equivalent for 2025, an increase from the record 149,515 ounces produced last year.

Aurora Cannabis Inc. (ACB.TO) announced that it has launched its first German-cultivated medical cannabis product, under the brand IndiMed, which will be manufactured at its EU-GMP facility in Leuna, Germany.

The Canadian market closed higher on Wednesday, extending its winning streak to a seventh straight session, lifted by gains in technology and industrials sectors.

Tech stocks had a good session, tracking a fine performance by the Nasdaq on Wall Street after Netflix reported strong earnings and sales in the latest quarter, and U.S. President Donald Trump announced a private sector investment of up to $500 billion to fund artificial intelligence infrastructure.

Concerns about tariff threats by Trump limited market's upside.

The benchmark S&P/TSX Composite Index closed up 29.87 points or 0.12% at 25,311.50.

Asian stocks turned in a mixed performance on Thursday despite China announcing a slew of measures to stabilize its stock markets.

Traders awaited key announcements on tariffs from the Trump administration and policy decisions from several major central banks in the coming weeks.

European stocks were flat to slightly higher on Thursday after China rolled out a basket of measures to funnel capital into the country's stock markets.

Amid much uncertainty over the impact of U.S. President Donald Trump's proposed tariffs on several countries, traders looked ahead to his keynote address at the World Economic Forum in Davos, Switzerland, later in the session for further direction.

In commodities, West Texas Intermediate Crude oil futures are up $0.36 or about 0.48% at $75.80 a barrel.

Gold futures are down $13.80 or 0.5% at $2,757.10 an ounce, while Silver futures are lower by $0.405 or 1.29% at $31.015 an ounce.

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Wednesday.

RTTNews | 1ч 5мин назад

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.

RTTNews | 3ч 54мин назад

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.

RTTNews | 4ч 23мин назад

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.

RTTNews | 7ч 37мин назад

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.

RTTNews | 7ч 58мин назад

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.

RTTNews | 9ч 18мин назад

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.

RTTNews | 9ч 27мин назад

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.

RTTNews | 10ч 0мин назад

EURUSD	1.16988	GBPUSD	1.35261	AUDUSD	0.66106
USDJPY	147.385	USDCAD	1.38629	USDCHF	0.79876