Canadian Market Ends Notably Lower After BoC's Rate Decision

RTTNews | 643 dias atrás
Canadian Market Ends Notably Lower After BoC's Rate Decision

(RTTNews) - The Canadian market ended on a weak note on Wednesday due to sustained selling at several counters after the Bank of Canada held its interest rate unchanged but did not rule out further tightening.

The central bank left its main interest rate unchanged at 5% after two back-to-back rises. The bank cited a shift in the economy to a weaker phase and easing labor market pressures as the reason for its decision.

The central bank, which said it will continue to monitor inflation dynamics, has not ruled out further tightening.

Healthcare, utilities, industrials and consumer discretionary stocks were among the major losers.

The benchmark S&P/TSX Composite Index, which dropped to a low of 20,181.61, ended with a loss of 186.80 points or 0.92% at 20,226.96.

Shares of Enbridge Inc (ENB.TO) ended nearly 6% down. The company announced it has signed a deal to purchase utilities in the U.S. from Dominion Energy for $14 billion.

Docebo Inc. (DCBO.TO) ended 5% down. BRP Inc (DOO.TO), Kinaxis Inc (KXS.TO), National Bank of Canada (NA.TO), West Fraser Timber (WFG.TO), Canadian Natural Resources (CNQ.TO), Constellation Software (CSU.TO) and goeasy (GSY.TO) closed lower by 1.3 to 2.5%.

Parkland Corporation (PKI.TO), Linamar Corporation (LNR.TO), Magna International (MG.TO), Canadian Apartment Properties (CAR.UN.TO) and Sun Life Financial (SLF.TO) gained 1 to 3.7%.

read more
Higher Open Expected For Hong Kong Shares

Higher Open Expected For Hong Kong Shares

The Hong Kong stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,160-point plateau and it's likely to remain rangebound on Wednesday.
RTTNews | 11 minutos atrás
Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving well above the 8,600 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by energy and technology stocks.
RTTNews | 16 minutos atrás
Taiwan Shares Tipped To Open In The Green On Wednesday

Taiwan Shares Tipped To Open In The Green On Wednesday

The Taiwan stock market has moved higher in back-to-back sessions, accelerating more than 580 points or 2.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,240-point plateau and it has a positive lead again for Wednesday's trade.
RTTNews | 56 minutos atrás
Singapore Shares May Reverse Tuesday's Losses

Singapore Shares May Reverse Tuesday's Losses

The Singapore stock market on Tuesday halted the five-day winning streak in which it had collected more than 40 points or 1 percent. The Straits Times Index now sits just beneath the 3,935-point plateau although it may bounce higher again on Wednesday.
RTTNews | 1 h 26 min atrás
Malaysia Bourse Likely To Remain Rangebound

Malaysia Bourse Likely To Remain Rangebound

The Malaysia stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau and it's expected to remain in that neighborhood again on Tuesday.
RTTNews | 1 h 56 min atrás
Japan Shares May See Continued Support On Wednesday

Japan Shares May See Continued Support On Wednesday

The Japan stock market has finished higher in three straight sessions, climbing more than 650 points or 1.9 percent along the way. The Nikkei 225 now sits just above the 38,210-point plateau and it may add to its winnings again on Wednesday.
RTTNews | 2 h 11 min atrás
KOSPI May Challenge Resistance At 2,900 Points

KOSPI May Challenge Resistance At 2,900 Points

The South Korea stock market has finished higher in five straight sessions, collecting more than 175 points or 6.4 percent along the way. The KOSPI now rests just above the 2,870-point plateau and it's tipped to open in the green again on Wednesday.
RTTNews | 2 h 26 min atrás