TSX Ends Moderately Higher

RTTNews | 503 일 전

(RTTNews) - After a slightly positive start and a subsequent drop, the Canadian market recovered and edged higher to eventually settle on a firm note on Thursday, as comments from Bank of India Governor Tiff Macklem that the central bank is getting closer to start reducing interest rates aided sentiment.

Fed Chair Jerome Powell's comments that the next rate move from the central bank will most likely be an interest rate reduction also contributed to the positive mood in the market.

The benchmark S&P/TSX Composite Index, which climbed to 21,889.26, rising more than 200 points from an early low, ended the session with a gain of 94.67 points or 0.44% at 21,823.22.

Industrials, utilities and real estate stocks were among the major gainers in the session. Healthcare stocks were weak, while shares from the rest of the sectors turned in a mixed performance, with investors largely reacting to earnings announcements.

Thomson Reuters (TRI.TO) rallied nearly 7%. Thomson Reuters reported an operating profit of US$ 556 million for the first quarter ended March 2o24, compared to US$ 508 million in the year-ago quarter.

Gfl Environmental (GFL.TO), Russel Metals (RUS.TO), Bombardier Inc (BBD.B.TO), Stantec (STN.TO) and Ballard Power Systems (BLDP.TO) climbed 2.75 to 4.5%. WSP Global (WSP.TO), Element Fleet (EFN.TO), Canadian Pacific Kansas City (CP.TO), Cae Inc (CAE.TO) and Tfi International (TFII.TO) gained 1.5 to 2.2%.

Brookfield Renewable Partners (BEP.UN.TO) surged 5.3%. Algonquin Power & Utilities Corp (AQN.TO) gained about 3.5%, while Boralex (BLX.TO), Innergex Renewable Energy (INE.TO) and Brookfield Infra Partners (BIP.UN.TO) climbed 2.3 to 2.7%.

Granite Real Estate (GRT.UN.TO), FirstService Corp (FSV.TO), Choice Properties (CHP.UN.TO), Primaris (PMZ.UN.TO), CDN Apartment (CAR.UN.TO) and Dream Indsutrial REIT (DIR.UN.TO) gained 1.5 to 2.2%.

Bausch Health Companies (BHC.TO) plunged more than 8% despite reporting higher earnings. The company reported first-quarter revenue of $2.15 billion, compared with $1.94 billion in the first quarter of 2023, an increase of $209 million, or 11%.

Maple Leaf Foods Inc. (MFI.TO) drifted down nearly 4% despite reporting turnaround results. The company reported first-quarter net earnings of $51.6 million ($0.42 per basic share) compared to a loss of $57.7 million ($0.48 loss per basic share) last year.

Canadian Natural Resources (CNQ.TO) reported adjusted net earnings of $1,474 million for the quarter ended March 2024, compared to adjusted net earnings of $1,881 million in the year-ago quarter. The stock ended 0.6% down.

BCE Inc (BCE.TO) ended lower by about 1.4% after reporting first-quarter net earnings of $457 million, compared to $788 million in the year-ago quarter.

Air Canada (AC.TO) closed lower by more than 8% after reporting first-quarter net loss of $81 million and diluted loss per share of $0.22 compared to net income of $4 million and diluted loss per share of $0.03, in the year-ago quarter.

On the economic front, data from Statistics Canada showed Canada recorded a trade deficit of C$ 2.28 billion in March. Exports dropped to C$ 62.56 billion, while imports decreased to C$ 64.84 billion in the month.

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday, reversing the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 45,000 mark, with gains across most sectors led by exporters and technology stocks.

RTTNews | 45 분 전

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness across most sectors led by mining and energy stocks.

RTTNews | 1 시간 25 분 전

U.S. Dollar Advances After Fed Decision

The U.S. dollar climbed against its major counterparts in the New York session on Wednesday, as the Federal Reserve cut its key interest rate and projected two more reductions for this year.

RTTNews | 4 시간 2 분 전

Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.

RTTNews | 8 시간 0 분 전

Swiss Market Ends Marginally Down

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved above the flat line in late afternoon trade on Wednesday, but failed to sustain momentum and settled marginally down with a few frontline stocks turning weak again.

RTTNews | 8 시간 27 분 전

European Markets Close Mixed After Cautious Session

European stocks turned in a mixed performance on Wednesday with investors digesting regional economic data, and awaiting the Federal Reserve's monetary policy announcement due later in the day.

RTTNews | 8 시간 56 분 전

Canadian Market Modestly Higher At Noon; BoC Lowers Interest Rate

Canadian stocks are up in positive territory around noon on Wednesday with investors reacting to the Bank of Canada's decision to cut interest rates by 25 basis points. The recent weak labor market data and economic slowdown have raised prospects of further easing by the Canadian central bank.

RTTNews | 10 시간 23 분 전

Bank Of Canada Lowers Interest Rates By A Quarter Point

After leaving interest rates unchanged for three straight meetings, the Bank of Canada on Wednesday announced its widely expected decision to lower rates by a quarter point. The Bank of Canada said it decided to reduce its target for the overnight rate by 25 basis points to 2.5 percent, with the Bank Rate at 2.75 percent and the deposit rate at 2.45 percent.

RTTNews | 11 시간 4 분 전

EURUSD	1.1821	GBPUSD	1.36256	AUDUSD	0.66487
USDJPY	146.974	USDCAD	1.37768	USDCHF	0.78914