Canadian Market Modestly Lower As Technology, Materials Shares Post Losses

RTTNews | 722 days ago
Canadian Market Modestly Lower As Technology, Materials Shares Post Losses

(RTTNews) - The Canadian market is down in negative territory Thursday afternoon, weighed down by losses in technology, materials and healthcare sections.

The benchmark S&P/TSX Composite Index is down 52.21 points or 0.25% at 20,438.96

Technology stocks are down, tracking the decline of the Nasdaq in the U.S. following a negative reaction to earnings news from companies like Netflix and Tesla.

The Information Technology Capped Index is down by about 1.7%. Hut 8 Mining Corp (HUT.TO), Tecsys Inc (TCS.TO), Shopify Inc (SHOP.TO), Converge Technology Solutions (CTS.TO) and BlackBerry (BB.TO) are down 3 to 4%.

Celestica Inc (CLS.TO), Softchoice (SFTC.TO), Lightspeed Commerce (LSPD.TO) and Open Text Corp (OTEX.TO) are also notably lower.

In the materials section, Oceanagold Corp (OGC.TO), Centerra Gold (CG.TO), Alamos Gold (AGI.TO), Pan American Silver Corp (PAAS.TO), K92 Mining (KNT.TO), MAG Silver (MAG.TO), B2Gold Corp (BTO.TO), Agnico Eagle Mines (AEM.TO) and Eldorado Gold (ELD.TO) are down 2.5 to 5.2%.

Tilray Inc (TLRY.TO), down 5.2%, is the most prominent loser in the Healthcare Index. Sienna Senior Living Inc (SIA.TO) is down 1% and Bellus Health Inc (BLU.TO) is down marginally.

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 | 12h 35min 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 | 12h 52min 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 | 13h 31min 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 | 17h 15min 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 | 17h 22min ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 17h 44min ago