Canadian Stocks Look Set For Another Firm Close

RTTNews | 222日前

(RTTNews) - Canadian market is up firmly in positive territory Thursday afternoon thanks to strong gains in several stocks from industrials, consumer, utilities and communications sectors.

A fairly steady display by some financials stocks is also contributing to market's gains.

The mood remains cautious amid continued uncertainty surrounding U.S. President Donald Trump's tariff plans and policy moves.

In Davos, Trump reaffirmed his earlier promises of tax cuts, tariffs on trading partners, and increased energy production. He also urged the Federal Reserve and other major central bank to cut interest rates.

The benchmark S&P/TSX Composite Index, which climbed to 25,432.81 earlier in the session, was up 84.04 points or 0.33% at 25,395.54 a little while ago.

On the economic front, data from Statistics Canada showed that retail sales in Canada incresed 1.6% in November 2024, over the same month in the previous year. According to preliminary estimates, retail sales are expected to surge 1.6% month-over-month in December 2024. That will be the biggest gain since May 2022.

Propel Holdings (PRL.TO) is up 8.25% and Canadian Tire Corporation (CTC.A.TO) is rising nearly 8%. K-Bro Linen (KBL.TO), goeasy (GSY.TO), Terravest Industries (TVK.TO) and Brookfield Renewable Corporation (BEPC.TO) are up 3 to 4.2%.

George Weston (WN.TO), MTY Food Group (MTY.TO), Methanex Corporation (MX.TO), E-L- Financial Corporation (ELF.TO), Canadian National Railway (CNR.TO), EQB Inc (EQB.TO), Canadian Pacific Kansas City (CP.TO) and Nutrien (NTR.TO) are gaining 2 to 3%.

Among the notable losers, TransAlta Corporation (TA.TO), Dundee Precious Metals (DPM.TO), Molson Coors Canada (TPX.B.TO), Osisko Gold Royalties (OR.TO) and Lundin Gold (LUG.TO) are down 2 to 3.4%.

Wheaton Precious Metals (WPM.TO), Agnico Eagle Mines (AEM.TO), Hut 8 Corp (HUT.TO), Precision Drilling Corporation (PD.TO) and Franco-Nevada Corporation (FN.TO) are lower by 1 to 2%.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | 34分前

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the negative cues from Wall Street overnight, as traders remain cautious amid renewed uncertainty among various nations trading with the US, many of which have concluded tariff deals, after a US Appeals Court ruled that US President Donald Trump's "reciprocal tariffs" are illegal. Asian markets closed mixed on Tuesday.

RTTNews | 37分前

Sensex, Nifty Set To Open Lower Amid Rising Global Bond Yields

Indian shares look set to open on a weak note on Wednesday, with trade tensions and caution ahead of the two-day Goods and Services Tax (GST) Council meeting, scheduled for Sept 3-4, likely to keep investors on edge.

RTTNews | 2時8分前

Win Streak May End For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just shy of the 1,250-point plateau although the rally may stall on Wednesday.

RTTNews | 2時32分前

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,250 level, with weakness in index heavyweights, financial and technology stocks partially offset by gains in exporter stocks.

RTTNews | 2時56分前

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up almost 620 points or 2.4 percent. The Hang Seng Index now sits just shy of the 25,500-point plateau and it's expected to open in the red again on Wednesday.

RTTNews | 3時17分前

Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | 3時18分前

China Shares May Take Further Damage On Wednesday

The China stock market on Tuesday wrote a finish to the three-day winning streak in which it had improved more than 75 points or 2 percent. The Shanghai Composite Index now sits just shy of the 3,860-point plateau and the losses may accelerate on Wednesday.

RTTNews | 3時32分前

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