TSX Ends Lower For 3rd Straight Day

RTTNews | Pred 568 dňami

(RTTNews) - The Canadian market ended on a negative note on Wednesday, extending losses to a third straight session, as energy and materials stocks tumbled once again due to weak commodity prices amid persisting worries about global economic slowdown.

Uncertainty about the Federal Reserve's interest rate path weighed as well on the market.

The benchmark S&P/TSX Composite Index ended with a loss of 45.38 points or 0.23% at 19,530.21. The index scaled a low of 19,479.39 and a high of 19,646.03 intraday.

The Materials Capped Index dropped 2.05%. Pan American Silver Corp (PAAS.TO) tanked nearly 9%. First Quantum Minerals (FM.TO), Endeavour Silver Corp (EDR.TO), Torex Gold Resources (TXG.TO), Dundee Precious Metals (DPM.TO) and B2Gold Corp (BTO.TO) ended lowr by 4 to 6.1%.

The Energy Capped Index shed 2%. Athabasca Oil Corp (ATH.TO) ended 5.5% down. MEG Energy (MEG.TO), Advantag Oil & Gas (AAV.TO), Baytex Energy (BTE.TO), Paramount Resources (POU.TO), Crescent Point Energy (CPG.TO), Arc Resources (ARX.TO), Whitecap Resources (WCP.TO), Vermilion ENergy (VET.TO), Tourmaline Oil Corp (TOU.TO) and Canadian Natural Resources (CNQ.TO) lost 2 to 4%.

Nuvei Corporation (NVEI.TO) zoomed nearly 20% after the company reported stronger-than-expected revenues for the third-quarter.

ATS Corp. (ATS.TO) soared more than 10% after the company reported that its second quarter net income increased to C$50.7 million from C$29.5 million, a year ago. Earnings per share was C$0.51 compared to C$0.32.

CGI Inc. (GIB.A.TO) ended nearly 3% down despite a surge in earnings. The company reported fourth quarter net earnings of C$414.5 million, up 14.4% compared with the same period last year. Earnings per share were C$1.76 compared to C$1.51 last year, an increase of 16.6%.

TC Energy (TRP.TO) reported third-quarter net loss of $0.2 billion or $0.19 per common share compared to net income of $0.8 billion or $0.84 per common share in third quarter 2022. TC Energy shares gained nearly 1%.

Hydro One Ltd. (H.TO) reported third-quarter net income of $357 million, compared with $307 million in the year-ago quarter. The stock edged down marginally.

Tecsys (TCS.TO) surged nearly 10%. Canadian Tire Corporation (CTC.TO), Ag Growth International (AFN.TO), Intact Financial Corporation (IFC.TO), goeasy (GSY.TO), Cargojet (CJT.TO), Fairfax Financial Holdings (FFH.TO) and Constellation Software (CSU.TO) also posted strong gains.

Wajax Corporation (WJX.TO) dropped 7.5%. Newmont Corporation (NGT.TO), Sprott Inc (SII.TO), CCL Industries (CCL.A.TO), Agnico Eagle Mines (AEM.TO) and Teck Resources (TECK.B.TO) lost 2 to 5%.

On the economic front, data from Statistics Canada showed the total value of building permits in Canada fell sharply by 6.1% from a month earlier to $11.2 billion in September, reversing an upwardly revised 4.3% growth in the prior month.

U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

A report released by the Commerce Department on Thursday showed the U.S. economy shrank by slightly less than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product edged down by a revised 0.2 percent in the first quarter compared to the previously reported 0.3 percent dip. Economists had expected the modest decrease to be unrevised.

RTTNews | Pred 3 h 36 min

U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 240,000, an increase of 14,000 from the previous week's revised level of 226,000. Economists had expected jobless claims to inch up to 230,000.

RTTNews | Pred 3 h 38 min

Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Corp. is recalling around 256,185 pounds of canned beef stew product that may be contaminated with foreign material, specifically wood, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The Tucker, Georgia-based branded food major's recall involves 20-oz. metal cans containing "Dinty Moore BEEF STEW" with "BEST BY FEB 2028".

RTTNews | Pred 4 h 13 min

UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK automotive manufacturing registered its weakest start to a year since 2009, the Society of Motor Manufacturers & Traders, or SMMT, said Thursday. Car and commercial vehicle production decreased 15.8 percent on a yearly basis to 59,203 units in April. Auto production fell to the lowest level for the month since 1952, excluding 2020 when the first Covid lockdown effectively saw manufacturing c

RTTNews | Pred 4 h 40 min

Bay Street Looks Set To Start On Firm Note

Canadian shares look headed for a firm start on Thursday, with encouraging earnings by Royal Bank of Canada and Canadian Imperial Bank of Commerce, and a U.S. court ruling against U.S. President Donald Trump's sweeping tariff moves set to lift sentiment.

RTTNews | Pred 4 h 55 min