Bay Street Seen Opening Lower

RTTNews | vor 797 Tagen

(RTTNews) - Lower futures and weak crude oil prices point to a negative start on Bay Street on Friday.

Concerns about the outlook for interest rates may continue to weigh on the market. Central banks in the U.K., Norway and Switzerland have raised their key lending rates, and Federal Reserve Chair Jerome Powell has already signaled further tightening in the coming months.

In earnings news, Canopy Growth Corporation (WEED.TO) reported fourth-quarter net revenue of $87.5 million, up 14% compared to the net revenue the company recorded in the year-ago quarter.

On the economic front, preliminary data on Canadian manufacturing sales and wholesale sales, both for the monthof May, are due at 8:30 AM ET.

Canadian stocks ended lower on Thursday, extending the downward trend seen over the past several sessions.

The S&P/TSX Composite Index, which remained firmly down in negative territory, ended with a loss of 125.05 points or 0.6% at 19,580.90, closing lower for the fifth consecutive session.

Asian stocks ended lower on Friday a spate of rate hikes from policymakers in England, Norway and Switzerland pushed up global bond yields and revived fears of an imminent recession.

European stocks are broadly lower with investors reacting to mixed economic data from the region. Preliminary data showed business activity in Europe slowed in June. Official data from the U.K. showed retail sales logged an unexpected growth in May, rising by 0.3% in the month from a month earlier.

In commodities, West Texas Intermediate Crude oil futures are down $0.81 or 1.17% at $68.70 a barrel.

Gold futures are gaining $5.80 or 0.3% at $1,929.50 an ounce, while Silver futures are down $0.072 or 0.32% at $22.395 an ounce.

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 | vor 10 Minuten

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 | vor 43 Minuten

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 | vor 3Std 10 Minuten

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 | vor 3Std 20 Minuten

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 | vor 3Std 32 Minuten

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 | vor 3Std 43 Minuten

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 | vor 3Std 49 Minuten

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.

RTTNews | vor 4Std 55 Minuten

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