TSX Closes Higher For 3rd Straight Day

RTTNews | Před 235 dny

(RTTNews) - Canadian stocks closed higher on Thursday, extending gains to a third straight session, with investors shifting their focus to earnings updates and expecting a couple of rate cuts by the Federal Reserve this year.

Shares from utilities, consumer staples and technology sectors were among the prominent gainers. A few stocks from communications, healthcare, industrials and financials sectors also posted notable gains. Energy stocks fell as oil prices dropped.

The benchmark S&P/TSX Composite Index ended higher by 56.90 points or 0.23% at 24,846.20, after scaling a low of 24,771.89 and a high of 24,884.20 intraday.

According to the data released by the Canada Mortgage & Housing Corporation, housing starts in Canada dropped by 13.35% month-over-month to 231,500 units in December, the lowest level in three months.

E-L-Financial Corporation Limited shares climbed 7%. Wajax Corporation (WJX.TO) gained 5.6% and Richelieu Hardware (RCH.TO) closed with a gain of 5%.

Molson Coors Canada (TPX.B.TO), Aritzia Inc (ATZ.TO), Celestica Inc (CLS.TO), Capital Power Corporation (CPX.TO), Emera Inc (EMA.TO), Brookfield Renewable Corporation (BEPC.TO) gained 2.5 to 4.6%.

Tecsys Inc (TCS.TO), iA Financial Corporation (IAG.TO), Fortis (FTS.TO), ATCO (ACO.X.TO), Linamar Corporation (LNR.TO), Colliers International (CIGI.TO), Canadian National Railway (CNR.TO) and Boyd Group Services (BYD.TO) also posted strong gains.

Haivision Systems (HAI.TO) tanked more than 12%. Haivision announced after trading hours on Wednesday that it posted a profit of $2.1 million, or $0.07 per share in the fourth quarter, compared with $2.5 million, or $0.08 per share in the fourth quarter of the previous year.

Dye & Durham (DND.TO), Torex Gold Resources (TXG.TO), First Quantum Minerals (FM.TO), Arc Resources (ARX.TO), MEG Energy (MEG.TO) and Bombardier Inc (BBD.B.TO) closed lower by 3 to 4.5%.

Suncor Energy (SU.TO), Ag Growth International (AFN.TO), Canadian Natural Resources (CNQ.TO), Tourmaline Oil Corp (TOU.TO), Franco-Nevada Corporation (FNV.TO), Canadian Western Bank (CWB.TO), Dollarama Inc (DOL.TO) and TC Energy Corp (TRP.TO) lost 1 to 2.2%.

Bay Street Likely To Open On Positive Note

Canadian stocks may open on a positive note on Tuesday, tracking higher crude oil and gold prices, and expectations of a rate cut from the Bank of Canada and the Federal Reserve next week.

RTTNews | Před 2 h 16 min

French Industrial Output Falls Most In 3 Months

France's industrial production declined at the fastest pace in three months in July on sharp contractions in production of transport equipment and machinery, signaling a weak start to the third quarter after Prime Minister François Bayrou lost a confidence vote in the Parliament this week. Industrial production logged a monthly fall of 1.1 percent in July.

RTTNews | Před 3 h 36 min

FTSE Modestly Higher At Noon; Anglo American Soars On Merger News

The UK stock market is modestly higher around noon on Tuesday with investors picking up select stocks in cautious trade while looking ahead to some crucial economic data from the U.S., including a reading on inflation.

RTTNews | Před 4 h 9 min

U.S. Dollar Falls Amid Fed Rate Cut Speculation

The U.S. dollar weakened against other major currencies in the late Asian session on Tuesday, as traders remain optimistic about the outlook for interest rates following last week's weaker-than-expected US jobs data. They also remain cautious ahead of key U.S. inflation readings due later in the week that could influence the US Fed's rate trajectory.

RTTNews | Před 4 h 38 min

CAC 40 Modestly Higher; Renault, Dassault Systemes Among Top Gainers

The French market is modestly higher on Tuesday with investors somewhat shrugging off data showing a drop in the nation's industrial production in July. Concerns on the political front appear to be weighing on sentiment and limiting market's upside.

RTTNews | Před 4 h 47 min

Sensex, Nifty End Higher Led By IT Stocks

Indian shares ended modestly higher on Tuesday, tracking mostly positive cues from global markets as weakening labor market data and pressure from the Trump administration bolstered the case for a jumbo rate cut at the U.S. Federal Reserve's upcoming FOMC meeting on September 16-17.

RTTNews | Před 4 h 53 min

DAX Drifts Lower In Cautious Trade

After a weak start and a subsequent recovery that resulted in a brief spell in positive territory, the German market slipped Tuesday morning, with investors largely staying cautious while looking ahead to the European Central Bank's monetary policy meeting, and some crucial economic data from the U.S. this week.

RTTNews | Před 5 h 24 min

Australia Business Conditions Improve; Confidence Falls

Australia's business conditions improved in August but confidence weakened after four consecutive increases, survey results from NAB showed Tuesday. The business conditions gained two points to 7 in August and remained around its long-run average. The improvement in August reflected gains in employment and profitability, while trading conditions stayed unchanged compared to the prior month.

RTTNews | Před 5 h 32 min

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