Bay Street Likely To Open On Firm Note

RTTNews | Před 265 dny

(RTTNews) - Canadian stocks look headed for a positive start Thursday morning, tracking firm European markets and higher crude oil prices amid slightly easing concerns about trade war and tariffs.

Investors are likely to focus on corporate earnings for direction.

Thomson Reuters Inc. (TRI.TO) reported adjusted EBITDA of $718 million for the quarter ended December 2024, up marginally compared to $707 million in the year-ago quarter.

BCE Inc. (BCE.TO) reported fourth-quarter net earnings of $505 million, up 16.1% compared to net earnings in the year-ago quarter.

Colliers International Group Inc (CIGI.TO) posted revenues of $1,501.6 million in the fourth-quarter of 2024, compared with $1,235.2 million in the fourth-quarter of 2023.

Bombardier Inc (BBD.B.TO) posted net income of $370 million in 2024, compared to $445 million in the previous year. Adjusted net income for 2024 came in at $547 million, compared to $416 million a year ago.

Calian Group In. (CGY.TO) has announced that it signed over $50 million in new and renewed multi-year defense contracts in its fiscal first quarter.

On the economic front, the Ivey Purchasing Managers Index score for the month of January is due at 10 AM ET. The Ivey Purchasing Managers Index in Canada rose to 54.7 in December 2024, up from 52.3 in November.

The Canadian market closed on a firm note on Wednesday with stocks from across several sectors as investors digested the latest batch of economic data and assessed the impact of US-China tensions on the global economy.

The benchmark S&P/TSX Composite Index settled with a gain of 290.49 points or 1.15% at 25,569.84, rising for the second consecutive day following the U.S. President Donald Trump agreeing to hold off tariffs against Canadian imports by a month.

Asian stocks rose broadly on Thursday as trade war fears eased and Treasury yields dipped on easing inflation concerns.

A softer dollar underpinned base metal prices and gold steadied near record high levels, while oil prices recovered some ground after falling nearly 2 percent in the previous session.

China's Shanghai Composite Index rallied 1.3 percent to 3,270.66 on eased concerns over a potential global trade war.

The U.S. Postal Service (USPS) has resumed accepting parcels from mainland China and Hong Kong, reversing a brief suspension triggered by new trade measures introduced by U.S. President Donald Trump.

European stocks are notably higher today with investors shrugging off concerns about tariffs and focusing on corporate earnings.

In commodities, West Texas Intermediate Crude oil futures are up $0.42 or 0.56% at $71.45 a barrel.

Gold futures are down $8.50 or 0.29% at $2,884.50 an ounce, while Silver futures are lower by $0.411 or 1.25% at $32.565 an ounce.

Japan Rate Decision On Tap For Thursday

The Bank of Japan will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is expected to keep its benchmark lending rate steady at 0.50 percent.

RTTNews | Před 24 minutami

Swiss Market Ends On Weak Note

After spending a few minutes in positive territory at the start, Switzerland stock market's benchmark SMI drifted down and then stayed weak right through the trading session on Wednesday, with investors digesting corporate earnings updates and looking ahead to the Federal Reserve's rate decision due later in the day.

RTTNews | Před 3 h 41 min

Fed Announces Widely Expected Decision To Cut Rates By Another Quarter Point

After cutting interest rates for the first time this year in September, the Federal Reserve on Wednesday announced its widely expected decision to lower rates by another quarter point. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 3.75 percent to 4.0 percent in support of its dual goals.

RTTNews | Před 4 h 9 min

Major European Markets Close On Mixed Note Ahead Of Fed Rate Decision

European stocks turned in a mixed performance on Wednesday with investors reacting to a slew of earnings announcements, and looking ahead to the monetary policy announcement from the Federal Reserve later in the day, and the upcoming meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping. Investors also looked ahead to the ECB's policy announcement due tomorrow.

RTTNews | Před 4 h 10 min

Canadian Market Drifts Lower After BoC Rate Decision; Energy, Materials Shares Rise

The Canadian market is down in negative territory around noon on Wednesday, weighed down by losses in consumer, healthcare, industrials and real estate sectors. Investors are digesting the Bank of Canada's rate cut decision, and looking ahead to the Federal Reserve's interest rate announcement due later in the day.

RTTNews | Před 6 h 19 min

U.S. Pending Home Sales Unexpectedly Unchanged In September

After reporting a sharp increase by pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing pending home sales unexpectedly came in flat in the month of September. NAR said its pending homes sales index was unchanged at 74.8 in September after surging by 4.2 percent in August.

RTTNews | Před 8 h 22 min

Bank Of Canada Cuts Interest Rates By Another Quarter Point

The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates once again, cutting rates by a quarter point for the second consecutive meeting. The Canadian central bank said it reduced its target for the overnight rate by 25 basis points to 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.

RTTNews | Před 8 h 24 min

Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed

Canadian stocks are likely to open on a positive note on Wednesday, tracking firm oil and metal prices. Expectations of interest rate cuts by the Bank of Canada and the Federal Reserve may also contribute to a steady open on Bay Street.

RTTNews | Před 10 h 1 min

EURUSD	1.16016	GBPUSD	1.31951	AUDUSD	0.65712
USDJPY	152.696	USDCAD	1.39413	USDCHF	0.79988