Canadian Market Ends Weak For 2nd Straight Day, Sheds 1.6% In Week

RTTNews | 251 일 전

(RTTNews) - The Canadian market closed weak on Friday, amid concerns about global economic growth and tariff hike threats by U.S. President-elect Donald Trump. Materials, communications and real estate stocks were the major losers.

The benchmark S&P/TSX Composite Index, which opened slightly down, fell to a low of 25,216.42 and ended the day's session at 25,274.30 with a loss of 136.41 points or 0.54%. The index shed about 1.6% in the week.

Enghouse Systems (ENGH.TO) tanked nearly 13% after reporting a drop in net income in the fourth quarter of this fiscal. The company reported net income of $22.6 million, compared to $25.1 million in the year-ago quarter.

TerraVest Industries (TVK.TO) closed down 7.2% on lower quarterly earnings. The company reported fourth-quarter net income of $12.83 million, compared to $17.39 million in the year-ago quarter.

Endeavour Mining (EDV.TO), Cameco Corporation (CCO.TO), West Fraser Timber (WFG.TO), Cargojet (CJT.TO), Teck Resources (TECK.B.TO) and Waste Connections (WCN.TO) lost 2.3 to 3.2%.

Dye & Durham (DND.TO) zoomed 11.4%. Celestica Inc (CLS.TO) jumped 9.1%. Tecsys (TCS.TO), Velan Inc (VLN.TO) and Capital Power Corporation (CPX.TO) also closed with strong gains.

On the economic front, data from Statistics Canada showed manufacturing sales in the country rose 2.1% month-over-month in October, rising for the first time in three months.

Wholesale sales in Canada rose 1% month-over-month in October, extending the revised 1.3% increase in September.

Canadian industries operated at 79.3% of their production capacity in the third quarter of this year, up slightly from 79.1% in the second quarter.

Car registrations in Canada dropped to 163,577 units in October from 166,557 units in September, a report from Statistics Canada showed.

TSX Hovers Near Record High; Materials, Energy Stocks Shine Again

Materials and energy stocks are among the prominent gainers in the Canadian market, which is up in positive territory in mid afternoon trades on Thursday.

RTTNews | 2 시간 14 분 전

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.

RTTNews | 2 시간 36 분 전

European Stocks Close On Mixed Note Again

European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.

RTTNews | 2 시간 52 분 전

Eurozone Consumer Confidence Weakens More Than Expected In August

Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.

RTTNews | 3 시간 41 분 전

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.

RTTNews | 5 시간 35 분 전

U.S. Existing Home Sales Unexpectedly Rebound In July

The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.

RTTNews | 5 시간 46 분 전

Walmart Shares Hit As Q2 Profit Misses Street, Updates FY26 Outlook Below View

Shares of Walmart Inc. were losing around 5 percent in the morning trading after the retail behemoth reported second-quarter earnings below market estimates, despite a significant year-over-year growth. Meanwhile, net sales were higher and beat the Street estimates.

RTTNews | 5 시간 59 분 전

Philly Fed Index Unexpectedly Returns To Negative Territory In August

Manufacturing activity in the Philadelphia area has weakened in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to a negative 0.3 in August from a positive 15.9 in July, with a negative reading indicating contraction.

RTTNews | 6 시간 10 분 전

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