Canadian Market Looks Set To End Week On A Firm Note

RTTNews | 172 dni temu
Canadian Market Looks Set To End Week On A Firm Note

(RTTNews) - The Canadian market remains firmly placed in positive territory Thursday afternoon, lifted by gains in communications, technology and real estate sectors recording impressive gains.

A few stocks from energy, consumer staples and utilities sectors are also up with strong gains.

Despite concerns about tariff and fears of a trade war, the mood in the market remains fairly bullish.

The benchmark S&P/TSX Composite Index is up 128.86 points or 0.5% at 25,691.97 with less than an hour to go for the closing bell.

Communications stock Telus Corp (T.TO) is up 3.5%. Telus reported fourth-quarter net income of $320 million, compared with net income of $310 million in the year-ago quarter.

Rogers Communications (RCI.B.TO) is rising 1.8%, while BCE Inc (BCE.TO) and Quebecor Inc (QBR.B.TO) are up 1.3% and 1.1%, respectively.

In the technology sector, Shopify Inc (SHOP.TO) is rising nearly 4%. Bitfarms (BITF.TO) and Descartes Systems Group (DSG.TO) are gaining 2.6% and 2%, respectively. Docebo Inc (DCBO.TO) is up 1.4%, while CGI Group Inc (GIB.A.TO) and Constellation Software (CSU.TO) are up 1% and 0.9%, respectively.

Real estate stocks Smartcentres Real Estate (SRU.UN.TO), Choice Properties (CHP.UN.TO), Riocan Real Estate (REI.UN.TO) and Crombie Real Estate Investment Trust (CRR.UN.TO) are up 2 to 3%.

Calian Group Inc. (CGY.TO) reported stronger-than-expected adjusted earnings of $10.5 million, or $0.88 per diluted share for the first quarter. However, the stock is tumbling 9%.

read more
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | 27 minut temu
U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
RTTNews | 1g 13 minut temu
Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.
RTTNews | 2g 20 minut temu
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.
RTTNews | 2g 32 minut temu
FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.
RTTNews | 3g 1 minut temu
Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.
RTTNews | 3g 11 minut temu
CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.
RTTNews | 3g 32 minut temu