Canadian Market Remains Weak As Trade Tensions Weigh

RTTNews | 62 दिनों पहले

(RTTNews) - The Canadian market is down in negative territory on Wednesday, weighed down by losses in utilities, real estate, healthcare and financials stocks.

Materials stocks are turning in a fine performance thanks to higher metal prices.

The mood is cautious amid escalating trade tensions following Trump's new tariffs, including a 104% total levy on Chinese imports taking effect, and China retaliating by announcing it will increase its tariffs on U.S. goods to 84% from 34% just after midnight on Thursday.

Members of the European Union have also voted in favor of the European Commission's proposal to introduce trade countermeasures against the U.S. in response to tariffs on imports of steel and aluminum from the EU.

The benchmark S&P/TSX Composite Index was down 170.87 points or 0.76% at 22,336.03 a little past noon.

Bausch Health Companies is down 7.4%. Allied Properties, Capstone Mining, Kelt Exploration, Birchcliff Energy, Riocan REIT, NuVista Energy, Keyera Corp, Ero Copper, Enbridge, Power Corporation of Canada and Fortis are down 3 to 5.4%.

Canadian Utilities, First Quantum Minerals, Atco, Shopify Inc., Bank of Montreal, Emerca Incorporated, Cogeco Communications, Pet Valu Holdings, EQB Inc., and Arc Resources are also notably lower.

Iamgold Corporation is rising 7.7%. Eldorado Gold, Alamos Gold, Kinross Gold, Lundin Gold, First Majestic Silver, Pan American Silver Corp., Orla Mining, B2Gold Corp., Agnico Eagle Mines, Barrick Gold Corporation, SSR Mining, Torex Gold Resources, Lightspeed Commerce and Parex Resources are up 3 to 6%.

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.

RTTNews | 12 मिनटों पहले

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | 1घंटे 58 मिनट पहले

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | 2घंटे 4 मिनट पहले

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 2घंटे 45 मिनट पहले

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | 4घंटे 10 मिनट पहले

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | 4घंटे 26 मिनट पहले

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | 5घंटे 33 मिनट पहले

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | 6घंटे 9 मिनट पहले

EURUSD	1.14282	GBPUSD	1.35027	AUDUSD	0.65241
USDJPY	144.857	USDCAD	1.36717	USDCHF	0.82249

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Canadian Market Remains Weak As Trade Tensions Weigh