Canadian Market Modestly Higher, Set For Another Positive Close

RTTNews | 735 days ago
Canadian Market Modestly Higher, Set For Another Positive Close

(RTTNews) - The Canadian market is modestly higher Tuesday afternoon, aided by gains in healthcare, energy and materials sectors.

The mood in the market is cautious amid a lack of any significantly positive triggers.

The benchmark S&P/TSX Composite Index is up 44.64 points or o.22% at 20,199.93 about an hour before close.

Energy stocks Tamarack Valley Energy (TVE.TO), Headwater Exploration (HWX.TO), Nuvista Energy (NVA.TO), International Petroleum Corp (IPCO.TO), MEG Energ (MEG.TO) and Cenovus Energy (CVE.TO) are gaining 2 to 3%.

In the materials section, Equinox Gold Corp (EQX.TO) is surging 8.5%. Iamgold Corp (IMG.TO), Silvercrest Metals (SIL.TO), First Majestic Corp (FR.TO), First Quantum Minerals (FM.TO), Ivanhoe Mines (IVN.TO), Centerra Gold (CG.TO), K92 Mining (KNT.TO), Lithium Americas Corp (LAC.TO), Wheaton Precious Metals (WPM.TO) and Eldorado Gold (ELD.TO) are up 2 to 3.5%.

Healthcare stock Tilray Inc (TLRY.TO) is soaring nearly 11.5%.

Colliers International (CIGI.TO), Canadian Tire Corporation (CTC.A.TO), Goeasy (GSY.TO), Tecsys (TCS.TO), Premium Brands International (PBH.TO), West Fraser Timber (WFG.TO) and Toronto-Dominion Bank (TD.TO) are up with strong gains.

In economic news, Markit Economic said the S&P Global Canada Manufacturing PMI fell to 48.8 in June from 49 in the previous month, marking the third month of contraction this year.

read more
Yen Falls As Traders Speculate BoJ Rate Hike Pause

Yen Falls As Traders Speculate BoJ Rate Hike Pause

The Japanese yen weakened against other major currencies in the late Asian session on Wednesday, as traders reduced their bets on an immediate interest rate hike by the Bank of Japan (BoJ) due to worries about the possible economic effects of US President Donald Trump's trade tariffs.
RTTNews | 42 minutes ago
Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia's central bank lowered its key interest rate for the first time in five years on Wednesday to underpin economic growth amid the ongoing trade tariff uncertainty. The Monetary Policy Committee of Bank Negara Malaysia decided to reduce the Overnight Policy Rate by 25 basis points to 2.75 percent. The ceiling and floor rates of the corridor of the OPR were correspondingly reduced.
RTTNews | 43 minutes ago
FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The UK market remains firmly placed in positive territory a little past noon on Wednesday, holding gains after a steady start, amid rising optimism about the European Union striking a deal with the U.S. in the coming weeks.
RTTNews | 1h 0min ago
CAC 40 Up 1.25% On Trade Deal Optimism

CAC 40 Up 1.25% On Trade Deal Optimism

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, amid optimism about U.S. and the European Union striking a deal sometime soon, despite U.S. President Donald Trump's threat that steep tariffs will be imposed on copper imports, and pharmaceuticals.
RTTNews | 1h 25min ago
DAX Rises Sharply On US-EU Trade Deal Hopes

DAX Rises Sharply On US-EU Trade Deal Hopes

German stocks climbed up on Wednesday, lifting the benchmark DAX to a one-month high, as expectations of a US-European Union deal helped underpin sentiment.
RTTNews | 1h 39min ago
NZ Dollar Falls After RBNZ Rate Decision

NZ Dollar Falls After RBNZ Rate Decision

The New Zealand dollar retreated from recent highs against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand's (RBNZ) widely anticipated decision to maintain rates constant.
RTTNews | 3h 21min ago