TSX Settles Roughly Flat

RTTNews | 14 days ago
TSX Settles Roughly Flat

(RTTNews) - The Canadian stock market ended flat on Friday, amid uncertainty on US-Canada trade deal even as July 9 deadline set by the US President for tariff agreement is fast approaching.

The benchmark S&P/TSX Composite Index opened slightly down and dropped further, but recovered to touch a new record high at 27,076.75 past noon. The index eventually ended the session with a small gain of 1.90 points or 0.01% at 27,036.16. The benchmark gained about 1.3% in the week.

Data released by S&P Global revealed that the Canada Composite PMI fell to 44.0 in June from 45.5 in May, indicating seventh consecutive monthly contraction in private sector businesses. Both the manufacturing (45.6 versus 46.1) and services (44.3 versus 45.6) sectors posted similar levels of contraction.

Trading volumes were light due to a lack of further catalysts and a holiday on Wall Street for Independence Day.

In the US, the President Donald Trump's "Big, Beautiful Bill" passed the Senate successfully and the House of Representatives. Trump's signing this bill add around $3.3 trillion to the existing mammoth national debt.

On the trade talks front, the UK-US deal almost done, Vietnam has clinched one, China is readying a framework for a new deal, Canada is in talks and the Indian government is in talks.

Trump has now announced that his government would be sending letters over the next few days on new, simple unilateral tariffs to around 170 countries trading with the US as the earlier deadline of July 9 set for negotiations is fast approaching.

Tge Real Estate sector (1.86%) was the major gainer in today's trading. Consumer Staples (0.39%), Communication Services (0.31%), Utilities (0.13%), Materials (0.11%), and Healthcare (0.09%), were the other sectors that added gains in today's trading.

Among the individual stocks, H&R Real Estate (17.22%), Allied Properties (3.81%), Premium Brands Holdings (1.81%), and Cogeco Communications (1.17%) were the prominent gainers.

Nuvista Energy (down 1.31%), Ces Energy Solutions (down 1.28%), Bitfarms Ltd (down 3.50%), and Tecsys Inc (down 1.50%) were the notable losers.

read more
Swiss Market Ends On Positive Note

Swiss Market Ends On Positive Note

Despite a couple of setbacks during the day's session, the Switzerland market managed to close modestly higher on Friday thanks to a few frontline stocks finding good support towards the closing minutes.
RTTNews | 21h 33min ago
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

Despite some fairly strong earnings updates, European stocks turned in a subdued performance on Friday on reports the U.S. President Donald Trump is looking to impose at least 15 to 20% tariffs on goods imported from the European Union irrespective even if a trade deal is arrived at.
RTTNews | 21h 55min ago
TSX Retreats After Hitting New High

TSX Retreats After Hitting New High

The Canadian market is down in negative territory in early afternoon trades on Friday, with stocks from communications, industrials and consumer discretionary sectors under pressure. However, the downside is limited as tariff concerns have eased a bit on reports that trade talks between Canada and South American countries, including Brazil and Argentina are in advanced stages.
RTTNews | 22h 46min ago
U.S. Consumer Sentiment Reaches Five-Month High In July

U.S. Consumer Sentiment Reaches Five-Month High In July

After reporting a substantial rebound by U.S. consumer sentiment in the previous month, the University of Michigan released a report on Friday showing a more modest improvement by consumer sentiment in the month of July. The University of Michigan said its consumer sentiment index climbed to 61.8 in July after surging to 60.7 in June. Economists had expected the index to rise to 61.5.
RTTNews | 1 day ago
U.S. Housing Starts Rebound More Than Expected In June

U.S. Housing Starts Rebound More Than Expected In June

New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday. The Commerce Department said housing starts surged by 4.6 percent to an annual rate of 1.321 million in June after plunging by 9.7 percent to a revised rate of 1.263 million in May.
RTTNews | 1 day ago