TSX Ends At 2-month High

RTTNews | il y a 733

(RTTNews) - After a somewhat lackluster session, the Canadian market ended modestly higher on Monday. Amid a lack of triggers, the mood remained cautious right through the day's session.

Gains in technology, real estate and healthcare sectors contributed to market's positive close.

The minutes from the Federal Reserve's latest meeting, due on Tuesday, may provide more clarity about the central bank's interest-rate path.

The benchmark S&P/TSX Composite Index ended up 70.70 points or 0.35% at 20,246.47, a two-month closing high. The index touched a low of 20,262.02 and a high of 20,125.94.

Cargojet Inc. (CJT.TO) climbed nearly 3%. Goeasy (GSY.TO), Fairfax Financial Holdings (FFH.TO), Shopify Inc (SHOP.TO), Colliers International (CIGI.TO), TFI International (TFII.TO), Thomson Reuters (TRI.TO) and FirstService Corporation (FSV.TO) gained 1 to 2%.

Dye & Durham Ltd (DND.TO) and Copperleaf Technologies (CPLF.TO) both climbed nearly 6.5%. Hut 8 Mining (HUT.TO), Coveo Solutions (CVO.TO), Converge Technology (CTS.TO), Quarterhill (QTRH.TO) and Enghouse Systems (ENGH.TO) gained 2.2 to 4.2%. Shopify Inc (SHOP.TO) surged 1.7%.

Realty stocks Altus Group (AIF.TO), Storagevault Canada (SVI.TO), Allied Properties (AP.UN.TO) and Tricon Capital Group (TCN.TO) gained 2 to 3%.

Teck Resources Limited (TECK.A.TO) gained about 1% after the company announced that the Toronto Stock Exchange has accepted the notice filed by the company to establish a normal course issuer bid to purchase class B subordinate voting shares. Following this, Teck may purchase up to 40 million class B shares, representing approximately 7.8% of the outstanding class B Shares, or 7.9% of the public float, as at November 15, 2023.

Canadian Tire Corporation (CTC.TO) dropped 5.7%. SSR Mining Inc (SSRM.TO) ended 3.6% down. Wajax Corporation (WJX.TO), Precision Drilling Corporation (PD.TO) and Premium Brands Holdings (PBH.TO) ended lower by 1.5 to 2%.

Franco-Nevada Corporation (FNV.TO) ended 2% down, after the company lowered its production guidance for the year following the Cobre Panama mine ramping down operations due to protests that have blocked supplies.

Canadian Dollar Falls Against Australian Dollar, Japanese Yen

The Canadian dollar fell against the Australian dollar and the Japanese yen in the New York session on Friday.

RTTNews | il y a 1

Swiss Market Shrugs Off Early Weakness, Settles On Firm Note

After struggling for direction till more than an hour past noon on Friday, the Switzerland market gradually moved higher as stocks found some support amid slight hopes about an interest rate cut by the Federal Reserve next month after a central bank official said he sees "room for a further adjustment" to rates in the near term.

RTTNews | il y a 1

European Stocks Close Lower On Weak Economic Data, Valuations Concerns

European stocks closed lower on Friday amid renewed concerns about lofty tech valuations and a batch of weak regional economic data. Comments from a senior Fed official reviving hopes for monetary easing helped limit the downside in some of the markets in the region.

RTTNews | il y a 1

Canadian Market Rises After Cautious Start; Consumer Discretionary Stocks Move Up

After a slightly positive start and a subsequent mild retreat, the Canadian market moved higher Friday morning, lifted by gains in consumer discretionary, healthcare, real estate and communications sectors.

RTTNews | il y a 1

U.S. Wholesale Inventories Unexpectedly Flat In August

With an uptick in inventories of durable goods offset by a dip in inventories of non-durable goods, the Commerce Department released a report showing U.S. wholesale inventories came in roughly flat in the month of August. The report said wholesale inventories were virtually unchanged in August after inching up by 0.1 percent in July.

RTTNews | il y a 1

U.S. Consumer Sentiment Deteriorates Slightly Less Than Previously Estimated In November

Partly reflecting the end of the U.S. government shutdown, the University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly less than previously estimated in the month of November. The University of Michigan said its consumer sentiment index for November was upwardly revised to 51.0 from the preliminary reading of 50.3.

RTTNews | il y a 1

Bay Street May Open With Negative Bias

The Canadian market may open with a negative bias Friday morning, tracking weak global stocks and lower oil and silver prices. Slightly fading hopes about an interest rate cut by the Federal Reserve next month, and renewed concerns about valuations of AI-related stocks are likely to weigh on stocks.

RTTNews | il y a 1

UK Private Sector Growth Softens

The UK private sector activity reported a softer expansion in November, largely due to a loss of momentum in the service sector, flash survey results from S&P Global revealed on Friday. The composite output index fell more-than-expected to 50.5 in November from 52.2 in October. The expected level was 51.8.

RTTNews | il y a 1

EURUSD	1.15095	GBPUSD	1.3097	AUDUSD	0.6454
USDJPY	156.38	USDCAD	1.4101	USDCHF	0.80829