Canadian Market Down Marginally In Cautious Trade

RTTNews | 757 days ago
Canadian Market Down Marginally In Cautious Trade

(RTTNews) - The Canadian market is down marginally Friday afternoon, despite opening modestly higher and climbing further subsequently.

Technology and real estate stocks are among the notable losers. Shares from rest of the sectors are turning in a mixed performance in lackluster moves by investors.

The benchmark S&P/TSX Composite Index is down 9.50 or 0.005% at 20,017.86. The index, which climbed to 20,112.35 in early trades, dropped to a low of 19,91.58 subsequently.

Technology stocks Kinaxis Inc (KXS.TO), Enghouse Systems (ENGH.TO), Shopify Inc (SHOP.TO), Descartes Systems Group (DSG.TO), Constellation Software (CSU.TO), Open Text Corporation (OTEX.TO) and BlackBerry (BB.TO) are down 1 to 2.6%.

Hut 8 Mining Corp (HUT.TO) is soaring more than 13%. Bitfarms (BITF.TO), Converge Technology Solutions (CTS.TO) and Softchoice (SFTC.TO) are up 2.5 to 4.7%.

ATS Corporation (ATS.TO), Newmont Corporation (NGT.TO), Rogers Communications (RCI.A.TO), Agnico Eagle Mines (AEM.TO) and Franco-Nevada Corporation (FNV.TO) are up 1 to 3%.

Nuvei Corporation (NVEI.TO) is declining more than 5%. Teck Resources (TECK.B.TO), FirstService Corporation (FSV.TO), Bombardier Inc (BBD.B.TO) and Stella-Jones (SJ.TO) are down 2 to 3%.

On the economic front, data from Statistics Canada showed manufacturing sales in Canada unexpectedly fell 1.4% month-over-month to c$ 80.9 billion in April.

read more
Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews | 1 day ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews | 1 day ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 1 day ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 1 day ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 1 day ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 1 day ago