Canadian Market Down In Negative Territory On Profit Taking

RTTNews | Před 535 dny
Canadian Market Down In Negative Territory On Profit Taking

(RTTNews) - The Canadian market is down in negative territory in early afternoon trades on Friday, weighed down by losses in communications, real estate, consumer discretionary and materials sectors.

The mood is a bit cautious amid a lack of fresh data. Also, traders appear to be somewhat reluctant to hold positions after recent record highs, and are seen taking some profits.

The benchmark S&P/TSX Composite Index is down 100.97 points or 0.46% at 21,986.29 nearly an hour past noon.

On the economic front, preliminary data shows retail sales in Canada likely edged up by 0.1% in February. In January, retail sales declined by 0.3% from the earlier month, revised from the earlier estimate of a 0.4% contraction.

Retail sales excluding motor vehicle and parts dealers in Canada rose by 0.5% month-over-month in January, slightly down from 0.6% in the prior month.

Dayforce (DAY.TO), Nutrien (NTR.TO), Kinaxis Inc (KXS.TO), Dollarama Inc (DOL.TO), CGI Inc (GIB.A.TO), Ag Growth International (AFN.TO) and BRP Inc (DOO.TO) are down 1.6 to 2.8%.

Canopy Growth Corporation (WEED.TO) is soaring nearly 40%. Aurora Cannabis (ACB.TO) is zooming 18%. Cannabis stocks are up, cheering news about the German government giving its final approval, legalizing cannabis. Effective April 1, cannabis will officially be recognized as a non-narcotic in Germany.

Canadian Tire Corporation (CTC.TO) is gaining 6%. Molson Coors Canada Inc (TPX.B.TO) and Boyd Group Services (BYD.TO) are up 2% and 1.3%, respectively.

read more
Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended on a weak note on Monday, weighed down by concerns about political instability in France. Optimism about an interest rate cut by the Federal Reserve helped limit market's downside.
RTTNews | Před 2 h 46 min
European Stocks Close Mostly Higher On Fed Rate Cut Hopes

European Stocks Close Mostly Higher On Fed Rate Cut Hopes

European stocks closed higher on Monday, thanks to encouraging German economic data, and optimism about an interest rate cut by the Federal Reserve next week. Concerns about political uncertainty in France weighed and limited markets' upside.
RTTNews | Před 3 h 9 min
TSX Slips After Positive Start; Canada Goose Holdings Soars On Rating Upgrade

TSX Slips After Positive Start; Canada Goose Holdings Soars On Rating Upgrade

The Canadian market, which retreated after a slightly positive start Monday morning, remains in negative territory a little past noon, with stocks from communications, consumer staples and industrials sectors under selling pressure. Materials stocks are faring well, limiting market's downside.
RTTNews | Před 4 h 17 min
German Industrial Output Rebounds; Exports Fall

German Industrial Output Rebounds; Exports Fall

Germany's industrial output expanded for the first time in four months in July, while exports declined on weaker demand from the United States and China. Industrial production rose 1.3 percent month-on-month in July, data from Destatis showed Monday. The expansion reversed June's decrease of 0.1 percent, which was revised sharply from a 1.9 percent drop estimated initially.
RTTNews | Před 7 h 10 min
Bay Street Likely To Open Higher On Firm Oil Prices, Rate Cut Hopes

Bay Street Likely To Open Higher On Firm Oil Prices, Rate Cut Hopes

Canadian stocks look headed for a positive start Monday morning, tracking positive cues from Asian and European markets, and higher crude oil prices. Expectations of interest rate cuts from the Bank of Canada and the Federal Reserve next week may also aid sentiment.
RTTNews | Před 8 h 40 min
China Exports Growth Softens More Than Forecast

China Exports Growth Softens More Than Forecast

China's exports growth moderated more than expected in August as frontloading gains from the U.S. started to fade but demand from Europe and Asean countries picked up strongly. Exports grew 4.4 percent year-on-year in August, which was slower than the 7.2 percent rise in July, the customs office reported Monday. This was also weaker than forecast of 5.0 percent.
RTTNews | Před 8 h 43 min