Canadian Market Up Firmly In Positive Territory

RTTNews | 300天前

(RTTNews) - The Canadian market is modestly higher Thursday afternoon with energy stocks turning in a fine performance. Utilities, consumer staples and materials shares are among the other prominent gainers.

Technology stocks are down on profit taking after recent strong gains.

The benchmark S&P/TSX Composite Index was up 121.99 points or 0.49% at 25,111.01 a little while ago.

The Energy Capped Index is up 2.22%. Paramount Resources (POU.TO) is up 17% after the company announced that it has entered into a purchase and sale agreement with Ovintiv Inc., and one of its wholly-owned subsidiaries (together, "Ovintiv") pursuant to which Ovintiv will acquire Paramount's Karr, Wapiti and Zama properties for $3.325 billion in cash plus certain Horn River Basin properties of Ovintiv.

Vermilion Energy (VET.TO), Kelt Exploration (KEL.TO) and Nuvista Energy (NVA.TO) are gaining 6%, 5.8% and 5%, respectively. Baytex Energy (BTE.TO), Parex Resources (PXT.TO), Suncor Energy (SU.TO), Veren Inc (VRN.TO), Athabasca Oil Corporation (ATH.TO) and Precision Drilling Corporation (PD.TO) are up 2.7 to 4%.

In the materials sector, Novagold (NG.TO) is rising more than 8%. First Majestic Silver (AG.TO) is gaining 6.3%. Lundin Mining (LUN.TO), Fortuna Silver Corp (FVI.TO), New Gold (NGD.TO), Calibre Mining Corp (CXB.TO), Capstone Mining (CS.TO) and MAG Silver Corp (MAG.TO) are up 3.5 to 4.7%.

Seabridge Inc (SEA.TO) is up 3.7%. Seabridge reported a net loss of $27.6 million ($0.31 per share) for the third quarter of this year, compared to a net loss of $5.3 million ($0.06 per share) for the same period last year.

Technology stocks Computer Modelling Group (CMG.TO) is down 6.7%. CGI Group (GIB.A.TO) is declining 5.2%. Dye & Durham (DND.TO), Open Text Corp (OTEX.TO), Shopify Inc (SHOP.TO), Bitfarms (BITF.TO), Enghouse Systems (ENGH.TO), Docebo Inc (DCBO.TO), Coveo Solutions (CVO.TO), Descartes Systems Group (DSG.TO) and Kinaxis Inc (KXS.TO) are down 3 to 4.5%.

Keyera Corporation (KEY.TO) is down 1.2% after reporting net earnings of $184.6 million for the quarter ended September 30, 2024, compared with net earnings of $78.1 million in the year-ago quarter.

Canadian Utilities Limited (CU.TO) reported third quarter 2024 adjusted earnings of $102 million ($0.38 per share), which were $15 million ($0.06 per share) higher compared to $87 million ($0.32 per share) in the third quarter of 2023. The stock is up marginally.

ATCO Limited (ACO.X.TO) is gaining 1.5%. The company reported adjusted earnings of $91 million ($0.81 per share) for the third quarter of this year, up $10 million ($0.10 per share) compared to $81 million ( 0.71 per share) in the third quarter of 2023.

Enerflex Limited (EFX.TO) is up 5% after the company announced that it posted net earnings of $30 milion in the quarter ended September 30, 2024, compared with net earnings of $4 million in the corresponding quarter last year.

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Wednesday.

RTTNews | 53分钟前

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.

RTTNews | 3小时42分钟前

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.

RTTNews | 4小时12分钟前

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.

RTTNews | 7小时25分钟前

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.

RTTNews | 7小时47分钟前

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.

RTTNews | 9小时6分钟前

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.

RTTNews | 9小时15分钟前

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.

RTTNews | 9小时49分钟前

EURUSD	1.16969	GBPUSD	1.35229	AUDUSD	0.66108
USDJPY	147.371	USDCAD	1.38613	USDCHF	0.7987