Bay Street Likely To Open On Mixed Note

RTTNews | 265 dni temu

(RTTNews) - Canadian shares likely to open on mixed note on Wednesday with investors tracking commodity prices and awaiting U.S. President Donald Trump's announcement of "reciprocal tariffs" later in the day.

The mood is likely to remain quite cautious as Trump's announcement on what White House has dubbed "Liberation Day," threatens to disrupt decades of established trade practices.

In earnings news, BlackBerry (BB.TO) reported adjusted net income for the full fiscal year was $12.5 million and GAAP net loss was $79.0 million. The company's adjusted fourth-quarter net income was $17.7 million and GAAP net loss of $7.4 million.

The Canadian market ended moderately higher on Tuesday despite showing a lack of direction during trading. The benchmark S&P/TSX Composite Index spent the day bouncing back and forth across the unchanged line before eventually closing up 115.78 points or 0.5% at 25,033.28.

The volatility was due to uncertainty about President Donald Trump's trade policies ahead of the announcement of reciprocal tariffs on Wednesday. A report from the Washington Post earlier in the day said White House aides have drafted a proposal to impose tariffs of around 20% on most imports to the U.S.

Asian stocks ended on a muted note on Wednesday as caution prevailed ahead of U.S. President Donald Trump's sweeping tariffs announcement expected later in the day.

Oil extended losses on concerns that new U.S. tariffs may drag on global growth and weigh on fuel demand.

European stocks are down in negative territory in cautious trade as investors await Trump's announcement of "reciprocal tariffs."

In commodities trading, West Texas Intermediate Crude oil futures are down $0.42 or 0.59% at $70.78 a barrel.

Gold futures are gaining $10.70 or 0.34% at $3,156.70 an ounce, while Silver futures are up $0.271 or 0.78% at $34.580 an ounce.

Swiss Stocks Close On Firm Note; SMI Hits New Record High

Switzerland's benchmark SMI hit a new record high on Tuesday with stocks staying firm after recovering from a slightly cautious start.

RTTNews | 6g 16 minut temu

European Stocks Close Broadly Higher

European stocks closed higher on Tuesday with some of the markets hitting fresh highs, amid continued optimism the Federal Reserve will consider more rate cuts next year. The volume of business was thin in most the markets as traders remained on the sidelines ahead of upcoming Christmas holidays.

RTTNews | 6g 34 minut temu

Canadian Stocks Turning In Mixed Performance

Canadian stocks are turning in a mixed performance on Tuesday with investors digesting the nation's GDP data and a slew of economic reports from the U.S. With truncated sessions and holidays ahead, the mood in the market remains a bit subdued and the volume of business is rather thin.

RTTNews | 7g 17 minut temu

U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December

Consumer confidence in the U.S. deteriorated for the fifth consecutive month in December, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index slid to 89.1 in December from an upwardly revised 92.9 in November.

RTTNews | 9g 13 minut temu

U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November. The Fed said industrial production rose by 0.2 percent in November after edging down by 0.1 percent in October. Economists had expected industrial production to inch up by 0.1 percent.

RTTNews | 9g 17 minut temu

U.S. Economy Grows Much More Than Expected In Q3

A report released by the Commerce Department on Tuesday showed the U.S. economy grew by much more than expected in the third quarter of 2025. The Commerce Department said real gross domestic product spiked by 4.3 percent in the third quarter after surging by 3.8 percent in the second quarter. Economists had expected GDP to jump by 3.3 percent.

RTTNews | 9g 38 minut temu

U.S. Durable Goods Orders Plunge 2.2% In October, More Than Expected

Reflecting a steep drop in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of October. The report said durable goods orders tumbled by 2.2 percent in October after climbing by an upwardly revised 0.7 percent in September.

RTTNews | 9g 52 minut temu

U.S. Industrial Production Rises Slightly More Than Expected In November

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November.

RTTNews | 10g 12 minut temu

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