Bay Street Likely To Open On Mixed Note

RTTNews | 307 hari yang lalu

(RTTNews) - Canadian stocks are likely to open on a mixed note Wednesday morning with investors tracking commodity prices and reacting to a quarterly earnings announcements. Worries about fresh tariff threats by U.S. President Donald Trump are likely to weigh on sentiment.

Loblaw Companies Ltd (L.TO) announced that it will invest more than $10 billion into the Canadian economy by 2030, including $2.2 billion in 2025, which is expected to create 8,000 jobs over the years. The planned investments include construction of 80 new stores, renovation of more than 300 grocery and pharmacy locations, and continued development of the company's modernized supply chain.

Canadian Tire Corp. (CTC.TO) announced a definitive agreement to sell its Helly Hansen business to Kontoor Brands, Inc. (KTB) for $1.276 billion. The transaction is set to close in the second quarter of 2025.

Gildan Activewear, Inc. (GIL.TO) said it expects 2025 adjusted earnings in a range of $3.38 to $3.58 per share on a revenue decline in the mid-single-digit range. For the first quarter of fiscal 2025, the company said net sales are expected to be up low single digits year over year.

First Quantum Minerals Ltd. (FM.TO) announced offering of $750 million of senior notes. The company intends to use net proceeds from the offering together with cash on balance sheet, to partly repay its revolving credit facility, to fund the concurrent partial tender offer for its existing 6.875% senior notes due 2027.

The Canadian stock market closed on a firm note on Tuesday, supported by gains in materials, energy, industrials and financials sectors.

Investors digested Canadian inflation data, and a few quarterly earnings updates. Higher commodity prices triggered some strong buying at several counters in energy and materials sectors.

The benchmark S&P/TSX Composite Index, which climbed to a high of 25,668.94 intraday, ended the day's session with a gain of 165.61 points or 0.65% at 25,648.84.

Asian stocks ended mixed on Wednesday amid lingering tariff concerns and tense Russia-Ukraine negotiations. China's Shanghai Composite Index closed higher despite comments from U.S. President Donald Trump that the U.S. may impose tariffs of around 25% on pharmaceutical, automobile, and semiconductor imports.

European stocks are notably lower Wednesday afternoon, weighed down by some disappointing earnings updates, hot UK inflation data, and concerns about fresh tariff threats by the Trump Administration.

In commodities, West Texas Intermediate Crude oil futures are up $0.63 or 0.88% at $72.48 a barrel.

Gold futures are gaining $8.50 or 0.31% at $2,957.50 an ounce, while Silver futures are up $0.097 or 0.29% at $33.470 an ounce.

Swiss Stocks Close On Firm Note; SMI Hits New Record High

Switzerland's benchmark SMI hit a new record high on Tuesday with stocks staying firm after recovering from a slightly cautious start.

RTTNews | 6j 54min yang lalu

European Stocks Close Broadly Higher

European stocks closed higher on Tuesday with some of the markets hitting fresh highs, amid continued optimism the Federal Reserve will consider more rate cuts next year. The volume of business was thin in most the markets as traders remained on the sidelines ahead of upcoming Christmas holidays.

RTTNews | 7j 11min yang lalu

Canadian Stocks Turning In Mixed Performance

Canadian stocks are turning in a mixed performance on Tuesday with investors digesting the nation's GDP data and a slew of economic reports from the U.S. With truncated sessions and holidays ahead, the mood in the market remains a bit subdued and the volume of business is rather thin.

RTTNews | 7j 54min yang lalu

U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December

Consumer confidence in the U.S. deteriorated for the fifth consecutive month in December, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index slid to 89.1 in December from an upwardly revised 92.9 in November.

RTTNews | 9j 50min yang lalu

U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November. The Fed said industrial production rose by 0.2 percent in November after edging down by 0.1 percent in October. Economists had expected industrial production to inch up by 0.1 percent.

RTTNews | 9j 54min yang lalu

U.S. Economy Grows Much More Than Expected In Q3

A report released by the Commerce Department on Tuesday showed the U.S. economy grew by much more than expected in the third quarter of 2025. The Commerce Department said real gross domestic product spiked by 4.3 percent in the third quarter after surging by 3.8 percent in the second quarter. Economists had expected GDP to jump by 3.3 percent.

RTTNews | 10j 15min yang lalu

U.S. Durable Goods Orders Plunge 2.2% In October, More Than Expected

Reflecting a steep drop in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of October. The report said durable goods orders tumbled by 2.2 percent in October after climbing by an upwardly revised 0.7 percent in September.

RTTNews | 10j 29min yang lalu

U.S. Industrial Production Rises Slightly More Than Expected In November

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November.

RTTNews | 10j 49min yang lalu

EURUSD	1.17964	GBPUSD	1.35124	AUDUSD	0.6702
USDJPY	156.095	USDCAD	1.36861	USDCHF	0.7874