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Canadian Market Pares Some Gains After Strong Rebound

RTTNews | 575 days ago

Canadian Market Pares Some Gains After Strong Rebound

(RTTNews) - The Canadian market rallied sharply after opening with a negative gap Monday morning, and despite paring gains in afternoon trades, is up marginally as communications, utilities and consumer staples stocks manage to hold on to a significant portion of their gains.

The benchmark S&P/TSX Composite Index, which climbed to 19,193.35, rising more than 250 points from an early low, was up 21.67 points or 0.11% at 19,137.31 a little while ago.

Brookfield Renewable Corporation (BEPC.TO) is gaining nearly 4%. Bombardier Inc (BBD.A.TO) is up 3.25% and FirstService Corp (FSV.TO) is up 2.1%.

Stantec Inc (STN.TO), Thomson Reuters Corporation (TRI.TO), CGI Inc (GIB.A.TO), Dollarama Inc (DOL.TO), WSP Global (WSP.TO), Canadian Tire Corporation (CTC.A.TO) and George Weston (WN.TO) are gaining 1 to 1.5%.

Dye & Durham (DND.TO) is plunging 11%. Nutrien (NTR.TO) is down 3.4%. Imperial Oil (IMO.TO), Methanex Corp (MX.TO), RB Global (RBA.TO), Canadian Natural Resources (CNQ.TO) and BRP Inc (DOO.TO) are down 1 to 2.3%.

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Canadian Dollar Rises As Inflation Climbs

Canadian Dollar Rises As Inflation Climbs

The Canadian dollar advanced against its most major counterparts in the New York session on Tuesday, after a data showed that inflation accelerated in April.

RTTNews | 6h 40min ago

Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market suffered a mild setback in early trades on Tuesday, but recovered soon and then stayed firm right till the end of the session to finish with a modest gain. Investors tracked corporate news and the developments on the geopolitical front.

RTTNews | 7h 28min ago

European Stocks Recover After Weak Start, Close Broadly Higher

European Stocks Recover After Weak Start, Close Broadly Higher

European stocks closed broadly higher on Tuesday amid easing tariff worries, and expectations that Russia and Ukraine would soon begin ceasefire negotiations. The UK-EU trade agreement on Monday contributed as well to the positive mood in European markets.

RTTNews | 7h 49min ago

TSX Extends Gains To 10th Straight Session, Hits New Record High

TSX Extends Gains To 10th Straight Session, Hits New Record High

Canadian shares are up in positive territory Tuesday morning, extending gains to a tenth straight session, amid easing concerns about tariffs, and some brisk buying in gold stocks on safe-haven appeal following Moody's downgrading U.S. credit rating, citing debt concerns. Investors are also digesting a report showing a drop in Canada's annual inflation rate.

RTTNews | 9h 20min ago

Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile electrification due to the recent market slowdown. Meanwhile, Honda expects a minimal increase in investment related to Hybrid Electric Vehicle or HEV business.

RTTNews | 10h 20min ago

Bay Street Likely To Open On Cautious Note; Inflation Data In Focus

Bay Street Likely To Open On Cautious Note; Inflation Data In Focus

The Canadian market is likely to see a cautious start Tuesday morning with investors reacting to the nation's consumer price inflation data.

RTTNews | 12h 50min ago

U.S. Dollar Slides Amid U.S. Tariff Uncertainty

U.S. Dollar Slides Amid U.S. Tariff Uncertainty

The U.S. dollar weakened against other major currencies in the European session on Tuesday, due to fiscal and economic concerns amid uncertainties about U.S. tariffs.

RTTNews | 13h 16min ago

FTSE 100 Moderately Higher As Investors Focus On Earnings

FTSE 100 Moderately Higher As Investors Focus On Earnings

U.K. stocks are up in positive territory on Tuesday, extending gains to a fourth straight session. The focus largely on corporate earnings updates, and the developments on the trade front.

RTTNews | 14h 3min ago

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