TSX Rises To New Record High, Settles Above 25k Mark

RTTNews | 300 дней спустя

(RTTNews) - The Canadian market settled higher on Thursday with the benchmark S&P/TSX Composite Index moving on to a new record high, riding on strong gains in the energy sector. In addition to reacting to a slew of earnings updates, investors also digested a mixed batch of economic data from the U.S.

Profit taking in technology stocks and fading hopes of aggressive interest rate cuts by the Federal Reserve limited market's upside.

The benchmark S&P/TSX Composite Index, which climbed to a new all-time high of 25,137.70, settled with a gain of 60.65 points or 0.24% at 25,049.67, closing past the 25,000 mark for the first time.

AutoCanada (ACQ.TO) zoomed 25%. Tenaz Energy Corp (TNZ.TO) gained about 18.4% and AtkinsRealis Group (ATRL.TO) rallied 15.7%.

Paramount Resources closed with a big gain of 15.3% after the company announced that it has entered into a purchase and sale agreement with Ovintiv Inc., and one of its wholly-owned subsidiaries (together, "Ovintiv") pursuant to which Ovintiv will acquire Paramount's Karr, Wapiti and Zama properties for $3.325 billion in cash plus certain Horn River Basin properties of Ovintiv.

Pollard Banknote (PBL.TO) climbed 10.5%. Vermilion Energy (VET.TO) gained 6.8%. Maple Leaf Foods (MFI.TO) closed up 5.2%. Aecon Group (ARE.TO), CI Financial Corp (CIX.TO), Parklans Corporation (PKI.TO), Imperial Oil (IMO.TO), Precision Drilling Corporation (PD.TO), Agnico Eagle Mines (AEM.TO), Suncor Energy (SU.TO), Brookfield Business Partners (BBU.UN.TO), Boyd Group Services (BYD.TO) and Franco-Nevada Corporation (FNV.TO) gained 2 to 4%.

Aya Gold & Silver Inc (AYA.TO) tanked 20% after reporting net loss of $263 million for the third quarter, compared with net income of $1,206 million a year ago.

Mattr Corp (MATR.TO) lost 10%. The company reported net income of $7.18 million for the quarter ended September 30, 2024, compared with $55.4 million in the year-ago quarter.

CCL Industries (CCL.A.TO), Hut 8 Corp (HUT.TO), Shopify Inc (SHOP.TO), Open Text Corporation (OTEX.TO), Docebo Inc (DCBO.TO), CGI Inc (GIB.A.TO), Kinaxis Inc (KXS.TO), Bombardier Inc (BBD.B.TO) and CCL Industries (CCL.B.TO) lost 3 to 10%.

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Wednesday.

RTTNews | 1ч 5мин назад

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.

RTTNews | 3ч 54мин назад

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.

RTTNews | 4ч 23мин назад

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.

RTTNews | 7ч 37мин назад

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.

RTTNews | 7ч 58мин назад

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.

RTTNews | 9ч 18мин назад

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.

RTTNews | 9ч 27мин назад

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.

RTTNews | 10ч 0мин назад

EURUSD	1.16986	GBPUSD	1.35261	AUDUSD	0.66106
USDJPY	147.385	USDCAD	1.38629	USDCHF	0.79874