TSX Ends Higher For 6th Straight Day

RTTNews | 908 days ago
TSX Ends Higher For 6th Straight Day

(RTTNews) - The Canadian stock market ended on a strong note on Friday, extending recent gains, amid easing concerns about interest rates and expectations about economic growth.

The soft inflation data from the Labor Department on Thursday has raised hopes the Federal Reserve will slow its pace of rate hikes in the coming months.

The benchmark S&P/TSX Composite Index ended with a gain of 148.90 points or 0.74% at 20,360.10, gaining for a sixth straight session. The index touched a low of 20,147.57 and a high of 20,379.95.

Technology stocks turned in a fine performance. Industrials, consumer staples and financials shares found good support. Stocks from other sectors ended mixed.

Hut 8 Mining Corp (HUT.TO), up 11.6%, was the top gainer in the Information Technology Capped index. Shopify Inc (SHOP.TO) climbed 6.1% and Tecsys Inc (TCS.TO) surged 3.5%. Celestica Inc (CLS.TO), Quarterhill (QTRH.TO), Nuvei Corp (NVEI.TO) and Descartes Systems Group (DSG.TO) also ended sharply higher.

Industrials shares Bombardier Inc (BBD.B.TO), Waste Connections (WCN.TO), Ballard Power Systems (BLDP.TO), Canadian Pacific Railway (CP.TO) and Gfl International (GFL.TO) gained 1.7 to 2.35%.

In the consumer staples section, Saputo Inc (SAP.TO) climbed about 3.25%. Alimentation Couche-Tard (ATD.TO) and Premium Brands Holdings Corp (PBH.TO) gained 1.12% and 1.02%, respectively.

Bank stocks Canadian Imperial Bank of Commerce (CM.TO), Bank of Nova Scotia (BNS.TO), Bank of Montreal (BMO.TO) and Toronto-Dominion Bank (TD.TO) gained 0.7 to 1.2%.

read more
U.S. Wholesale Inventories Dip In Line With Estimates In May

U.S. Wholesale Inventories Dip In Line With Estimates In May

A report released by the Commerce Department on Wednesday showed a modest decrease by wholesale inventories in the U.S. in the month of May. The Commerce Department said wholesale inventories fell by 0.3 percent in May after inching up by 0.1 percent in April. The pullback by inventories matched economist expectations as well as the flash estimate.
RTTNews | 3h 38min ago
Bay Street May Open On Positive Note

Bay Street May Open On Positive Note

Slightly higher Canadian and U.S. futures point to a marginally positive start for Canadian shares on Wednesday. The focus will be on trade deal negotiations.
RTTNews | 4h 59min ago
Yen Falls As Traders Speculate BoJ Rate Hike Pause

Yen Falls As Traders Speculate BoJ Rate Hike Pause

The Japanese yen weakened against other major currencies in the late Asian session on Wednesday, as traders reduced their bets on an immediate interest rate hike by the Bank of Japan (BoJ) due to worries about the possible economic effects of US President Donald Trump's trade tariffs.
RTTNews | 5h 54min ago
Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia's central bank lowered its key interest rate for the first time in five years on Wednesday to underpin economic growth amid the ongoing trade tariff uncertainty. The Monetary Policy Committee of Bank Negara Malaysia decided to reduce the Overnight Policy Rate by 25 basis points to 2.75 percent. The ceiling and floor rates of the corridor of the OPR were correspondingly reduced.
RTTNews | 5h 55min ago
FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The UK market remains firmly placed in positive territory a little past noon on Wednesday, holding gains after a steady start, amid rising optimism about the European Union striking a deal with the U.S. in the coming weeks.
RTTNews | 6h 12min ago
CAC 40 Up 1.25% On Trade Deal Optimism

CAC 40 Up 1.25% On Trade Deal Optimism

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, amid optimism about U.S. and the European Union striking a deal sometime soon, despite U.S. President Donald Trump's threat that steep tariffs will be imposed on copper imports, and pharmaceuticals.
RTTNews | 6h 37min ago
DAX Rises Sharply On US-EU Trade Deal Hopes

DAX Rises Sharply On US-EU Trade Deal Hopes

German stocks climbed up on Wednesday, lifting the benchmark DAX to a one-month high, as expectations of a US-European Union deal helped underpin sentiment.
RTTNews | 6h 51min ago