TSX Ends Higher For 7th Straight Session

RTTNews | 815 days ago
TSX Ends Higher For 7th Straight Session

(RTTNews) - The Canadian market ended higher on Monday, led by gains in healthcare and real estate sectors.

A few stocks from technology, industrials and financials sectors too posted notable gains and helped lift the market higher.

The mood, however, remained cautious amid a lack of fresh data. Investors looked ahead to more earnings and economic updates from the U.S. for direction.

The benchmark S&P/TSX Composite Index ended with a gain of 62.06 points or 0.3% at 20,641.97, rising for a seventh straight session.

The Healthcare Capped Index surged nearly 3%. Tilray Inc (TLRY.TO) climbed 5.36%, Canopy Growth Corp (WEED.TO) gained about 3.65%, Bellus Health Inc (BLU.TO) gained 3.1% and Bausch Health Companies (BHC.TO) ended 2.5% up.

Among the stocks in the real estate index, Northwest Healthcare Prop REIT (NWH.UN.TO) gained nearly 3%, while Primaris (PMZ.UN.TO), Tricon Capital Group (TCN.TO), H&R Real Estate (HR.UN.TO) and Colliers International Group (CIGI.TO) gained more than 2%.

Shopify Inc. (SHOP.TO), up 4.82%, was the top gainer in the technology section. Lightspeed Commerce (LSPD.TO) climbed about 1.1%.

Among financials shares, Home Capital Group (HCG.TO) rallied 4.5%, CI Financial (CIX.TO) gained nearly 2%, and Bank of Montreal (BMO.TO) gained 1.1%. Toronto-Dominion Bank (TD.TO), Manulife Financial (MFC.TO) and Brookfield Corporation (BN.TO) also posted notable gains.

In the industrials space, Brookfield Business Partners (BBU.UN.TO) climbed nearly 4%. Cae Inc (CAE.TO) gained about 1.9%, while Air Canada (AC.TO) gained 1.3%.

Energy, materials and communications stocks ended mixed, while consumer staples shares were weak.

In economic news, data from Statistics Canada showed wholesale sales in Canada fell by 1.7% month-over-month to C$ 85.6 billion in February, compared with a preliminary estimate of a 1.6% drop. Wholesale sales had risen by an upwardly revised 6.1% in January.

read more
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 3h 44min ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 3h 52min ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 4h 14min ago
Yen Retreats Amid US-Japan Trade Uncertainty

Yen Retreats Amid US-Japan Trade Uncertainty

The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
RTTNews | 5h 3min ago
UK Economy Contracts For Second Straight Month

UK Economy Contracts For Second Straight Month

The UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in meeting her self-imposed borrowing rules. Gross domestic product fell unexpectedly by 0.1 percent in May, following a 0.3 percent drop in April, data from the Office for National Statistics revealed on Friday.
RTTNews | 5h 33min ago
CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

French stocks are notably lower on Friday, weighed down by losses in automobile and luxury sectors. The mood in the market is a bit bearish, in line with other major markets in Europe, amid renewed worries about tariffs.
RTTNews | 5h 41min ago