TSX Ends Lower As Technology Stocks Decline

RTTNews | 824 dni temu

(RTTNews) - Canadian stocks turned in a weak performance on Monday, with investors largely staying cautious ahead the Federal Reserve's monetary policy announcement due later in the week.

While the Fed is scheduled to announce its policy on Wednesday, the Bank of England and Bank of Japan will make their policy announcements on Thursday.

The benchmark S&P/TSX Composite Index ended down 129.51 points or 0.63% at 20,492.83. The index, which was down in negative territory right through the day's session, touched a low of 20,449.11.

In the healthcare section, Tilray Inc (TLRY.TO) plunged 14.2%, and Bausch Health Companies (BHC.TO) ended nearly 2% down.

Among technology stocks, Shopify Inc (SHOP.TO) ended nearly 5.5% down. BlackBerry (BB.TO), Tecsys Inc (TCS.TO), Lightspeed Commerce (LSPD.TO) and Coveo Solutions (CVO.TO) lost 2.5 to 3.4%.

Energy stocks Africa Oil Corp (AOI.TO), International Petroleum Corporation (IPCO.TO), Vermilion Energy (VET.TO), Peyto Exploration and Development (PEY.TO), Paramount Resources (POU.TO), Crescent Poine Energy (CPG.TO) and Whitecap Resources (WCP.TO) ended lower by 1 to 4.6%.

Nutrien (NTR.TO), Teck Resources (TECK.A.TO), Magna International (MG.TO), goeasy (GSY.TO), Canadian Pacific Kansas City (CP.TO), Constellation Software (CSU.TO) and BRP Inc (DOO.TO) lost 1 to 2.5%.

Seabridge Gold Inc (SEA.TO) and Softchoice Corporation (SFTC.TO) climbed 6.5% and 6.3%, respectively. Russel Metals (RUS.TO), Wajax Corporation (WJX.TO), FirstService Corporation (FSV.TO), ATS Corporation (ATS.TO), Restaurant Brands International (QSR.TO), Docebo Inc (DCBO.TO), Agnico Eagle Mines (AEM.TO) and Descartes Systems (DSG.TO) gained 1 to 2.5%.

On the economic front, data from Canada Mortgage and Housing Corporation showed housing starts in Canada fell by 1% over a month earlier to 252,787 units in August.

Data from Statistics Canada showed raw materials prices in Canada declined by 4.3% year-on-year in August, following a revised 11% fall in the previous month. Raw materials prices rose by 3% month-over-month in August, slowing from a 3.5% increase in July.

Producer prices in Canada fell 0.5% in August over the same month in the previous year. Prices jumped by 1.3% over the previous month in August, the first rise since October 2022.

Canadian Dollar Falls Against Most Majors

The Canadian dollar dropped against its most major counterparts in the New York session on Friday.

RTTNews | 1 dni temu

Swiss Market Ends Modestly Higher As Stocks Rise In The Final Hour

After some positive moments till about an hour after the opening bell Friday morning, and a subsequent long spell in negative territory, the Swiss market climbed higher in the final hour to close on a firm note.

RTTNews | 1 dni temu

European Markets Close Higher As Stocks Recover After Cautious Start

European stocks closed higher on Friday, and several markets in the region climbed to fresh highs, with investors reacting to the interest rate decisions by major central banks. Expectations of more monetary easing by the Federal Reserve contributed as well to the positive mood in the markets.

RTTNews | 1 dni temu

TSX Climbs To New Record High As Technology, Materials Stocks Rise

After opening on a firm note, Canadian stocks gained further ground in positive territory Friday morning with several counters in materials, technology and healthcare sectors attracting strong buying interest.

RTTNews | 1 dni temu

U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December

Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Economists had expected the index to be upwardly revised to 53.4.

RTTNews | 1 dni temu

U.S. Existing Home Sales Rise Less Than Expected In November

Existing home sales in the U.S. saw a modest increase in the month of November, the National Association of Realtors revealed in a report released on Friday. NAR said existing home sales rose by 0.5 percent to an annual rate of 4.13 million in November after jumping by 1.5 percent to an upwardly revised rate of 4.10 million in October.

RTTNews | 1 dni temu

Russia Cuts Key Rate By 50 Bps As Expected

Russia's central bank cut its interest rate by 50 basis points on Friday but reiterated that it will maintain policy tight to bring inflation back to the target. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate to 16.00 percent from 16.50 percent. The decision matched market expectations. The bank has lowered the interest rate by 400 basis points since Jun

RTTNews | 1 dni temu

Bay Street May Open Slightly Higher

The Canadian market, which snapped a four-day losing streak on Thursday, looks headed for a positive start Friday morning. Canadian retail sales data, and U.S. PCE reading are likely to make an impact.

RTTNews | 1 dni temu

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