TSX Ends Lower Again As Inflation Data, Weak Commodity Prices Weigh

RTTNews | 576 hari yang lalu

(RTTNews) - The Canadian market ended lower on Tuesday as hopes of an early rate cut by the central bank faded a bit after data showed an acceleration in the nation's consumer price inflation in the month of December.

Weak crude oil and bullion prices triggered some heavy selling at several counters in energy and materials sectors, contributing substantially to market's decline.

Data from Statistics Canada showed that the consumer price index rose 3.4% year-on-year in December, following a 3.1% increase in November. The rate matched expectations.

On a seasonally adjusted monthly basis, consumer prices moved up 0.3%, the same rate as seen in the previous month. Core CPI, excluding food and energy, eased to 0.2% from 0.3% last month.

The benchmark S&P/TSX Composite Index, which tumbled to 20,842.98, ended down 113.79 points or 0.54% at 20,948.09.

The Energy Capped Index dropped 3.05%. Parex Resources (PXT.TO) plunged 15.7%. The company said average production in the fourth quarter fell short of expectations and production guidance missed analyst forecasts.

Parex Resources said it expects average annual production to be between 54,000 to 60,000 barrels a day, which represents 5% year-over-year growth at the midpoint.

Tourmaline Oil Corp (TOU.TO), Arc Resources (ARX.TO), Vermilion Energy (VET.TO), Advantage Oil & Gas (AAV.TO), International Petroleum Corp (IPCO.TO) and Birchcliff Energy (BIR.TO) lost 4 to 7%.

The Materials Index fell 2.28%. Barrick Gold Corp (ABX.TO) and First Majestic Silver Corp (FR.TO) lost 8.8% and 8%, respectively. Osisko Mining Inc (OSK.TO), Lundin Mining Corp (LUN.TO), Interfor Corp (IFP.TO), Seabridge Gold (SEA.TO), K92 Mining Inc (KNT.TO), MAG Silver Corp (MAG.TO), Pan American Silver Corp (PAAS.TO) and Lundin Gold (LUG.TO) ended down 3.5 to 4.8%.

Healthcare stock Tilray Inc (TLRY.TO) climbed nearly 7%. Communications stocks Cogeco Inc (CGO.TO) and Cogeco Communications (CCA.TO) gained 4.5% and 3.3%, respectively. Quebecor Inc (QBR.B.TO) and BCE Inc (BCE.TO) posted moderate gains.

Kinaxis Inc (KXS.TO) climbed nearly 4.5%. Sprott Inc (SII.TO), Stella-Jones (SJ.TO), Stantec Inc (STN.TO), Thomson Reuters (TRI.TO) and Loblaw Companies (L.TO) gained 1 to 4%.

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.

RTTNews | 14 minit yang lalu

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.

RTTNews | 43 minit yang lalu

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.

RTTNews | 1j 8min yang lalu

U.S. Consumer Sentiment Index Unexpectedly Decreases In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday.

RTTNews | 1j 34min yang lalu

U.S. Import Price Growth Exceeds Estimates In July

The Labor Department released a report on Friday showing import prices in the U.S. increased by more than expected in the month of July. The report said import prices climbed by 0.4 percent in July after a downwardly revised 0.1 percent dip in June. Economists had expected import prices to inch up by 0.1 percent, matching the 0.1 percent uptick originally reported for the previous month.

RTTNews | 1j 42min yang lalu

U.S. Retail Sales Climb 0.5% In July, In Line With Estimates

A report released by the Commerce Department on Friday showed retail sales in the U.S. increased in line with economist estimates in the month of July. The Commerce Department said retail sales climbed by 0.5 percent in July after jumping by an upwardly revised 0.9 percent in June.

RTTNews | 2j 15min yang lalu

U.S. Industrial Production Edges Slightly Lower In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July.

RTTNews | 2j 22min yang lalu

New York Manufacturing Index Unexpectedly Increases In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August.

RTTNews | 2j 58min yang lalu

EURUSD	1.17087	GBPUSD	1.35633	AUDUSD	0.65134
USDJPY	146.954	USDCAD	1.381	USDCHF	0.80577