TSX Ends On Firm Note

RTTNews | 938 ngày trước

(RTTNews) - Despite giving up a substantial portion of its early gains, the Canadian market ended on a fairly firm note on Tuesday, thanks largely to sustained buying at several counters in materials and energy sectors.

Several stocks from consumer staples, technology and communications sections too posted notable gains. Healthcare stocks closed weak due to profit taking.

The mood turned somewhat cautious during the latter part of the session as investors looked ahead to the Federal Reserve's rate decision, due on Wednesday.

The benchmark S&P/TSX Composite Index, which climbed to 19,698.33 in early trades, ended the session with a gain of 91.57 points or 0.47% at 19,517.71.

Hudbay Minerals (HBM.TO) and Capstone Copper (CS.TO) climbed 12% and 11.4%, respectively, on huge volumes. First Quantum Minerals (FM.TO) gained nearly 9% and Lundin Mining Corporation (LUN.TO) surged 7.5%.

Athabasca Oil Corporation (ATH.TO), Air Canada (AC.TO), Shaw Communications (SJR.B.TO), Suncor Energy (SU.TO), Baytex Energy (BTE.TO), Tamarack Valley Energy (TVE.TO) and Cenovus Energy (CVE.TO) gained 1.4 to 3%.

Precision Drilling Corporation (PD.TO), Methanex Corporation (MX.TO), Turquoise Hill Resources (TRQ.TO), ATS Automation Tooling Systems Inc (ATA.TO) and Agnico Eagle Mines (AEM.TO) gained 4 to 6%.

Colliers International Group Inc (CIGI.TO) shares ended 3.7% down. The company reported adjusted EBITDA of $145.1 million for the quarter ended September 30, 2022, compared with adjusted EBITDA of $123.6 million a year ago.

Thomson Reuters Inc (TRI.TO) shed 3.1%. The company reported adjusted EPS of $0.57 in the third quarter of the current financial year, compared to adjusted EPS of $0.46 in the year-ago quarter. The stock is down by about 3.1%.

CCL Industries (CCL.A.TO) and WSP Global (WSP.TO) closed lower by 1.9% and 1.8%, respectively.

On the economic front, data from Markit Economics showed the S&P Global Canada Manufacturing PMI fell to 48.8 in October of 2022, down from 49.8 in September. That was the third straight month of contraction in Canada's manufacturing activity.

U.S. Dollar Strengthens On Trump's Tariff Delay

The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.

RTTNews | 34 phút trước

European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.

RTTNews | 2h 2phút trước

U.S. Consumer Confidence Rebounds Much More Than Expected In May

A report released by the Conference Board on Tuesday showed a substantial improvement by U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index spiked to 98.0 in May after plunging to a downwardly revised 85.7 in April.

RTTNews | 4h 44phút trước

U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders tumbled by 6.3 percent in April after surging by a downwardly revised 7.6 percent in March.

RTTNews | 4h 54phút trước

Dollar Plunges Amidst Renewed Trade Tensions And Fiscal Deficit Concerns

The Dollar recorded a massive plunge during the week ended May 23 amidst an escalation in tensions between the U.S. and its trading partners, particularly the European Union.

RTTNews | 6h 12phút trước

Bay Street Seen Opening Higher Again

Canadian shares are likely to extend recent gains on Tuesday following U.S. President Donald Trump's decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.

RTTNews | 6h 22phút trước

U.S. Durable Goods Orders Pull Back Sharply In April

RTTNews | 6h 22phút trước

Eurozone Economic Sentiment Rises More Than Forecast

Eurozone economic confidence strengthened more than expected in May as manufacturers, consumers and retailers showed signs of recovery, survey data from the European Commission revealed on Tuesday. The Economic Sentiment Indicator climbed to 94.8 from 93.8 in April. The reading was above forecast of 94.0. The rise in the ESI was primarily driven by the improvements in the industry, retail trad

RTTNews | 6h 40phút trước

EURUSD	1.13363	GBPUSD	1.35108	AUDUSD	0.64458
USDJPY	144.268	USDCAD	1.37951	USDCHF	0.82738

Advertisement

TSX Ends On Firm Note