TSX Fails To Hold Early Gains, Ends Marginally Down

RTTNews | 1155 days ago
TSX Fails To Hold Early Gains, Ends Marginally Down

(RTTNews) - After opening higher and staying firm till a little before noon, the Canadian market turned subdued and moved along the flat line on Tuesday and finally ended the session on a slightly weak note.

Slowing global economy, and tighter monetary policy stance of several central banks rendered the mood cautious.

Energy and materials shares moved higher on firm crude oil and gold prices. Shares from utilities and financials sectors were weak.

The benchmark S&P/TSX Composite Index, which climbed nearly 230 points to 18,546.76 earlier in the session, ended with a loss of 19.13 points or 0.1% at 18,307.91, about 60 points off the day's low of 18,247.74.

Athabasca Oil Corporation (ATH.TO) rallied 8%. Tamarack Valley Energy (TVE.TO), MEG Energy (MEG.TO), Whitecap Resources (WCP.TO), Crescent Point Energy (CPG.TO) and Baytex Energy (BTE.TO) gained 4.5 to 6%.

Lundin Mining (LUN.TO), Cenovus Energy (CVE.TO), Suncor Energy (SU.TO) and Canadian Natural Resources (CNQ.TO) also posted notable gains.

Dye & Durham (DND.TO) soared 17.3%. Vermilion Energy (VET.TO) surged 10.1%. Cameco Corporation (CCO.TO), Methanex Corporation (MX.TO), CargoJet (CJT.TO), Sprott (SII.TO), Aritzia Inc (ATZ.TO) and Imperial Oil (IMO.TO) gained 3 to 5%.

Canadian Imperial Bank of Commerce (CM.TO) and Shopify Inc (SHOP.TO) ended lower by 2.2% and 1.2%, respectively, on strong volumes.

WSP Global (WSP.TO), CCL Industries (CCL.B.TO), Bank of Montreal (BMO.TO), Waste Connections (WCN.TO) and Fairfax Financial Holdings (FFH.TO) were among the other prominent losers.

read more
Canadian Market Extends Recent Gains; Consumer Staples Stocks Shine

Canadian Market Extends Recent Gains; Consumer Staples Stocks Shine

The Canadian market was up firmly in positive territory a little past noon on Tuesday, lifted by strong gains in consumer, industrials and real estate sectors. Optimism about an interest rate cut by the Federal Reserve in December continued to underpin sentiment.
RTTNews | 1h 33min ago
U.S. Business Inventories Unexpectedly Unchanged In August

U.S. Business Inventories Unexpectedly Unchanged In August

Business inventories in the U.S. unexpectedly came in flat in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said business inventories were virtually unchanged in August following a downwardly revised 0.1 percent uptick in July.
RTTNews | 3h 12min ago
U.S. Consumer Confidence Deteriorates Much More Than Expected In November

U.S. Consumer Confidence Deteriorates Much More Than Expected In November

A report released by the Conference Board on Tuesday showed a substantial deterioration by U.S. consumer confidence in the month of November. The Conference Board said is consumer confidence index tumbled to 88.7 in November from an upwardly revised 95.5 in October. Economists had expected the consumer confidence index to dip to 93.3 from the 94.6 originally reported for the previous month.
RTTNews | 3h 23min ago
U.S. Pending Home Sales Unexpectedly Surge To 11-Month High In October

U.S. Pending Home Sales Unexpectedly Surge To 11-Month High In October

The National Association of Realtors released a report on Tuesday showing an unexpected jump by pending home sales in the U.S. in the month of October. October said its pending home sales index shot up by 1.9 percent to 76.3 in October after inching up by 0.1 percent to an upwardly revised 74.9 in September. Economists had expected pending home sales to decrease by 0.4 percent.
RTTNews | 3h 42min ago
U.S. Producer Price Growth Matches Estimates In September

U.S. Producer Price Growth Matches Estimates In September

A long-delayed report released by the Labor Department on Tuesday showed producer prices in the U.S. increased in line with economist estimates in the month of September. The Labor Department said its producer price index for final demand rose by 0.3 percent in September after edging down by 0.1 percent in August. The monthly price growth matched expectations.
RTTNews | 3h 45min ago
U.S. Retail Sales Rise 0.2% In September, Less Than Expected

U.S. Retail Sales Rise 0.2% In September, Less Than Expected

Retail sales in the U.S. increased by less than expected in the month of September, according to a long-delayed reported released by the Commerce Department on Tuesday. The Commerce Department said retail sales rose by 0.2 percent in September after climbing by 0.6 percent in August. Economists had expected retail sales to rise by 0.4 percent.
RTTNews | 4h 2min ago