Canadian Stocks Surge Higher Again; TSX Scales New Record High

RTTNews | 3小时15分钟前

(RTTNews) - Canadian stocks are up firmly in positive territory on Wednesday, and the benchmark S&P/TSX Composite Index stays high up after hitting a fresh record. Rising optimism about a rate cut by the Federal Reserve in September, firm oil prices and some upbeat corporate earnings announcements are contributing to the positive mood in the market.

The S&P/TSX Composite Index, which climbed to 27,955.55 earlier in the session, was up 333.77 points or 1.21% at 27,903.85 about half an hour past noon.

The Information Technology Capped Index is up nearly 5%. Shopify Inc. shares are soaring nearly 20% on buoyant results.

Shopify Inc. reported second quarter net income of $906 million, up sharply compared to $171 million last year. For the third quarter, the company expects revenue to grow at a mid-to-high twenties percentage rate, and gross profit to grow at a low-twenties percentage rate, both on a year-over-year basis.

Open Text Corporation, Bitfarms and Sangoma Technologies are gaining 1.2 to 1.5%.

Suncor Energy reported net earnings of $1,134 million for the second quarter of 2025, compared with net earnings of $1,568 million in the year-ago quarter. Adjusted EPS came in at $0.71 for the latest quarter, compared to $1.27 in the year-ago quarter. The stock is up by about 0.7%.

Great West Lifeco is gaining more than 2.5% on higher earnings. The company reported EPS of $1.24 for the second quarter, up from $1.11 a year ago.

SSR Mining Inc shares are up as much as 17%, on upbeat results. The company reported net income of $80.4 million for the second quarter of 2025, up sharply compared with net income of $2.46 million in the year-ago quarter.

Data from S&P Global said that its Canada Composite PMI rose to 48.7 in July from 44.0 in June, although still marking the eighth consecutive monthly contraction in private sector activity.

The Manufacturing PMI came in at 46.1 for July, up from 45.6 in June, while the Services PMI score jumped to 49.3 from 44.3%.

Swiss Market Ends Notably Lower

Save for a few minutes about an hour after the opening bell, the Switzerland market stayed weak on Wednesday with several stocks reeling under selling pressure. Investors were cautious amid concerns about the impact of U.S. tariffs, and Donald Trump's fresh threat that his government might consider imposing tariffs on chips and pharmaceuticals.

RTTNews | 1小时55分钟前

European Stocks Close Mostly Higher On Earnings, Fed Rate Cut Hopes

European stocks closed mostly higher on Wednesday, thanks largely to some strong corporate earnings updates, and expectations of an interest rate reduction by the Federal Reserve in September.

RTTNews | 2小时25分钟前

India Holds Key Interest Rates Steady As Trade Tensions Escalate

The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.

RTTNews | 5小时47分钟前

Bay Street Looks Set To Extend Upmove

Canadian shares look headed for a positive start on Wednesday, riding on some impressive corporate earnings updates, and higher oil prices. The focus will also be on the developments on the trade front.

RTTNews | 7小时15分钟前

Eurozone Retail Sales Recover In June

Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday. Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.

RTTNews | 7小时25分钟前

Euro Rises As European Shares Traded Higher

The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher despite weak factory orders data from Germany and fresh tariff threats from U.S. President Donald Trump on pharma and chips. Some upbeat earnings announcements and expectations of a Fed interest rate cut next month appear to be aiding sentiment.

RTTNews | 7小时58分钟前

Disney Lifts FY25 EPS View After Q3 Profit Beats Market; ESPN In Deal With WWE, NFL

Media and entertainment major Walt Disney Co. (DIS) on Wednesday raised fiscal 2025 outlook for earnings.above the Street after reporting significantly higher profit in its third quarter, above market estimates. Meanwhile, revenues missed the market view, despite reporting a growth. Separately, Disney announced that its unit ESPN has signed a landmark rights agreement with WWE.

RTTNews | 8小时14分钟前

Dynatrace Boosts FY26 Outlook - Update

While reporting financial results for the first quarter on Wednesday, software intelligence provider Dynatrace, Inc. (DT) provided its adjusted earnings and revenue guidance for the second quarter and raised its outlook for the full-year 2026.

RTTNews | 8小时20分钟前

EURUSD	1.16581	GBPUSD	1.3359	AUDUSD	0.65041
USDJPY	147.172	USDCAD	1.3742	USDCHF	0.80654

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Canadian Stocks Surge Higher Again; TSX Scales New Record High