Bay Street Likely To Open Higher

RTTNews | 113日前

(RTTNews) - Canadian shares may open higher on Wednesday amid renewed hopes the U.S. and China will agree on a positive trade deal. The focus is also on the Federal Reserve's monetary policy announcement later in the day.

The U.S. central bank is widely expected to hold rates. The accompanying statement and Fed Chair Jerome Powell's post meet conference are eyed for clues about the central bank's future moves with regard to interest rates.

A somewhat muted outcome of the meeting between U.S. President Donald Trump and Canadian Primer Minister Mark Carney may weigh a bit and limit market's upside.

On the earnings front, Barrick Gold reported earnings per share of $0.35 for the latest quarter, compared to $0.19 in the year-ago quarter.

Stella-Jones Inc. (SJ.TO) announced that its net income increased to C$93 million from C$77 million last year. Earnings per share were C$1.67 versus C$77 last year.

Manulife Financial, Great-West Lifeco, Nutrien, WSP Global, Tourmaline Oil Corp, Canadian Utilities and Pan American Silver Corp. are among the companies slated to announce their quarterly earnings today.

The Canadian market ended marginally up after a choppy ride. The benchmark S&P/TSX Composite Index closed up 21.20 points or 0.1% at 24,974.72.

Asian stocks advanced on Wednesday after confirmation that trade talks between the U.S. and China would take place in Switzerland this week, marking the first formal talks between the countries since U.S. President Donald Trump declared sweeping tariffs last month.

European stocks are exhibiting weakness in cautious trade as investors react to earnings and economic data, and await policy announcements from the Federal Reserve and the Bank of England.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.50 or 0.84% at $59.59 a barrel.

Gold futures are down $21.00 or 0.61% at $3,401.80 an ounce, while Silver futures are down $0.216 or 0.65% at $33.165 an ounce.

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 | 1時57分前

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 | 2時17分前

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 | 2時50分前

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 | 5時17分前

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 | 5時27分前

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 | 5時39分前

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 | 5時50分前

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 | 5時56分前

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