TSX Ends At 2-month High

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(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.

Swiss Market Ends Marginally Down

The Switzerland market ended marginally down on Thursday, underperforming most of the other markets in Europe. Investors digested the Swiss National Bank's policy announcement, and assessed the Federal Reserve's rate cut decision and weighed the future policy stance of the U.S. central bank following comments from Fed Chair Jerome Powell.

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European Stocks Close Broadly Higher As Fed Rate Cut Lifts Sentiment

European stocks closed higher on Thursday with some of the markets rising to multi-week highs, as the rate cut move by the Federal Reserve outweighed concerns about valuations of AI-related stocks.

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TSX Climbs To New Record High; Materials Stocks Rally

The Canadian market climbed to a new record high on Thursday, as firm metal prices triggered strong buying in the materials sector, offsetting losses in technology stocks which reeled under pressure on valuation concerns.

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U.S. Wholesale Inventories Climb Much More Than Expected In September

Wholesale inventories in the U.S. increased by much more than expected in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories climbed by 0.5 percent in September after edging down by a revised 0.1 percent in August. Economists had expected wholesale inventories to inch up by 0.1 percent.

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U.S. Trade Deficit Unexpectedly Narrows In September As Exports Surge

Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September. The Commerce Department said the trade deficit shrank to $52.8 billion in September from a revised $59.3 billion in August. Economists had expected the trade deficit to widen to $63.3 billion.

RTTNews | 6घंटे 36 मिनट पहले

U.S. Jobless Claims Rebound More Than Expected To 236,000

First-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended December 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 236,000, an increase of 44,000 from the previous week's revised level of 192,000. Economists had expected jobless claims to climb to 220,000.

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U.S. Trade Deficit Unexpectedly Narrows In September

Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September.

RTTNews | 8घंटे 10 मिनट पहले

U.S. Weekly Jobless Claims Rebound More Than Expected

First-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended December 6th, according to a report released by the Labor Department on Thursday.

RTTNews | 8घंटे 14 मिनट पहले

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