Canadian Market Slightly Lower; BoM, National Bank Rise On Results

RTTNews | 5 dni temu

(RTTNews) - The Canadian market is slightly down on Wednesday with stocks moving in a tight range as investors digest earnings updates from Bank of Montreal and National Bank of Canada, and await further developments on trade negotiations between the U.S. and its major trading partners.

The benchmark S&P/TSX Composite Index was down 29.17 points or 0.11% at 26,239.83 a little while ago.

Algonquin Power, Ivanhoe Mines, BlackBerry, Spin Master Corp, Iamgold and MDA Space are down 2 to 3.4%.

Lightspeed Commerce, Lundin Mining, First Quantum Minerals, Teck Resources, Endeavour Silver, Saputo, BCE Inc., Methanex and Celestica are also notably lower.

Canadian Natural Resources is down 0.4%. Cheniere Energy, Inc. announced today that its subsidiary, Cheniere Marketing, LLC, has entered into a long-term Integrated Production Marketing gas supply agreement with Canadian Natural Resources Limited.

National Bank of Canada is up 3.5%. The bank reported net income of $896 million for the second quarter of 2025, down 1% from $906 million in the second quarter of 2024 and diluted earnings per share stood at $2.17 compared to $2.54 in the second quarter of 2024.

Bank of Montreal is gaining about 2.1%. The bank reported second-quarter net income of $1,962 million, compared with $1,866 million a year ago. Adjusted net income for the second-quarter came in at $2,046 million this financial year, compared with $2,033 million in the year-ago quarter.

Tilray, TransAlta Corp, Denison Mines, Ngex Minerals, Baytex Energy Corp, goeasy, Loblaw Companies, Aya Gold & Silver, Aecon Group, iA Financial and Aritzia are gaining 1 to 3.3%.

Swiss Market Ends Modestly Lower

The Switzerland market ended weak on Monday after languishing in negative territory almost right through the day's session as geopolitical tensions and tariff concerns weighed on sentiment.

RTTNews | 55 minut temu

Major European Markets Close Weak On Tariff Jitters, Geopolitical Concerns

European stocks closed weak on Monday as rising trade tensions due to China and the U.S. accusing each other of violating trade agreement, and the Trump administration's announcement that it would double the tariffs on steel and aluminum imports to 50% from June 4th.

RTTNews | 1g 22 minut temu

Energy, Materials Stocks Shine As TSX Rises 0.5%

The Canadian market is up in positive territory a little past noon on Monday, lifted by gains in energy, materials and communications sectors, even as the mood remains cautious amid concerns about Sino-US trade tensions, and the Trump administration's announcement that it would increase the tariffs on imports of steel and aluminum to 50% from 25%.

RTTNews | 2g 36 minut temu

U.S. Construction Spending Unexpectedly Falls 0.4% In April

A report released by the Commerce Department on Monday unexpectedly showed a continued decrease by U.S. construction spending in the month of April. The Commerce Department said construction spending fell by 0.4 percent to an annual rate of $2.152 trillion in April after shrinking by 0.8 percent to a revised rate of $2.162 trillion in March.

RTTNews | 3g 1 minut temu

U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May

A reading on U.S. manufacturing activity unexpectedly edged slightly lower in the month of May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.5 in May from 48.7 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.

RTTNews | 3g 43 minut temu

UK Manufacturing Sector Shrinks Sharply

The UK factory sector shrank further in May as the weak global demand, trade tensions and rising cost burdens weighed on production and new orders, the purchasing managers' survey results from S&P Global showed on Monday. The final manufacturing PMI rose to a three-month high of 46.4 in May from 45.4 in April. The reading was also above the flash estimate of 45.1.

RTTNews | 4g 57 minut temu

Eurozone Manufacturing Activity Contraction Slows

Euro area factory activity fell at the slowest pace in more than two years in May, signaling a gradual progress towards recovery, final results of the purchasing managers' survey from S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index rose to 49.4 in May, in line with the flash estimate, from 49.0 in April.

RTTNews | 5g 13 minut temu

UK Mortgage Approvals Fall Unexpectedly; House Prices Rise

UK mortgage approvals declined unexpectedly to the lowest level in more than a year in April as stamp duty holiday ended in March, data from the Bank of England revealed Monday. Elsewhere, data from the mortgage lender Nationwide Building Society showed that house prices rebounded unexpectedly in May suggesting momentum in underlying demand. Approvals for home loans rose to 60,463 in May.

RTTNews | 6g 27 minut temu

EURUSD	1.14365	GBPUSD	1.35359	AUDUSD	0.64908
USDJPY	142.864	USDCAD	1.37151	USDCHF	0.81732

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Canadian Market Slightly Lower; BoM, National Bank Rise On Results