TSX Closes Higher For 3rd Straight Day

RTTNews | 236 dni temu

(RTTNews) - Canadian stocks closed higher on Thursday, extending gains to a third straight session, with investors shifting their focus to earnings updates and expecting a couple of rate cuts by the Federal Reserve this year.

Shares from utilities, consumer staples and technology sectors were among the prominent gainers. A few stocks from communications, healthcare, industrials and financials sectors also posted notable gains. Energy stocks fell as oil prices dropped.

The benchmark S&P/TSX Composite Index ended higher by 56.90 points or 0.23% at 24,846.20, after scaling a low of 24,771.89 and a high of 24,884.20 intraday.

According to the data released by the Canada Mortgage & Housing Corporation, housing starts in Canada dropped by 13.35% month-over-month to 231,500 units in December, the lowest level in three months.

E-L-Financial Corporation Limited shares climbed 7%. Wajax Corporation (WJX.TO) gained 5.6% and Richelieu Hardware (RCH.TO) closed with a gain of 5%.

Molson Coors Canada (TPX.B.TO), Aritzia Inc (ATZ.TO), Celestica Inc (CLS.TO), Capital Power Corporation (CPX.TO), Emera Inc (EMA.TO), Brookfield Renewable Corporation (BEPC.TO) gained 2.5 to 4.6%.

Tecsys Inc (TCS.TO), iA Financial Corporation (IAG.TO), Fortis (FTS.TO), ATCO (ACO.X.TO), Linamar Corporation (LNR.TO), Colliers International (CIGI.TO), Canadian National Railway (CNR.TO) and Boyd Group Services (BYD.TO) also posted strong gains.

Haivision Systems (HAI.TO) tanked more than 12%. Haivision announced after trading hours on Wednesday that it posted a profit of $2.1 million, or $0.07 per share in the fourth quarter, compared with $2.5 million, or $0.08 per share in the fourth quarter of the previous year.

Dye & Durham (DND.TO), Torex Gold Resources (TXG.TO), First Quantum Minerals (FM.TO), Arc Resources (ARX.TO), MEG Energy (MEG.TO) and Bombardier Inc (BBD.B.TO) closed lower by 3 to 4.5%.

Suncor Energy (SU.TO), Ag Growth International (AFN.TO), Canadian Natural Resources (CNQ.TO), Tourmaline Oil Corp (TOU.TO), Franco-Nevada Corporation (FNV.TO), Canadian Western Bank (CWB.TO), Dollarama Inc (DOL.TO) and TC Energy Corp (TRP.TO) lost 1 to 2.2%.

U.S. Small Business Morale Improves Again, Labor Quality Top Concern: NFIB

Confidence among the U.S. small businesses increased for a second month in a row in August, largely led by stronger sales expectations and easing uncertainty, while labor quality remained the main worry for businesses, results of a monthly survey by the National Federation of Independent Business showed on Tuesday.

RTTNews | 2g 4 minut temu

Canadian Market Modestly Higher; Teck Resources Soars 15% On Merger News

The Canadian market is up in positive territory Tuesday afternoon with energy stocks contributing significantly to the upmove. A few stocks from financials and utilities sectors are also up in positive territory, while consumer discretionary, technology and communications shares are weak.

RTTNews | 3g 33 minut temu

Swiss Market Ends Weak After Cautious Session

The Switzerland market ended weak on Tuesday after spending much of the day's session in negative territory in cautious trade as investors awaited the European Central Bank's monetary policy announcement, and looked ahead to some crucial economic data, including a report on U.S. inflation.

RTTNews | 4g 0 minut temu

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors reacting to some corporate news, and looking ahead to the upcoming European Central Bank's monetary policy meeting, and crucial economic data, including U.S. inflation report.

RTTNews | 4g 20 minut temu

Bay Street Likely To Open On Positive Note

Canadian stocks may open on a positive note on Tuesday, tracking higher crude oil and gold prices, and expectations of a rate cut from the Bank of Canada and the Federal Reserve next week.

RTTNews | 8g 32 minut temu

French Industrial Output Falls Most In 3 Months

France's industrial production declined at the fastest pace in three months in July on sharp contractions in production of transport equipment and machinery, signaling a weak start to the third quarter after Prime Minister François Bayrou lost a confidence vote in the Parliament this week. Industrial production logged a monthly fall of 1.1 percent in July.

RTTNews | 9g 51 minut temu

FTSE Modestly Higher At Noon; Anglo American Soars On Merger News

The UK stock market is modestly higher around noon on Tuesday with investors picking up select stocks in cautious trade while looking ahead to some crucial economic data from the U.S., including a reading on inflation.

RTTNews | 10g 24 minut temu

U.S. Dollar Falls Amid Fed Rate Cut Speculation

The U.S. dollar weakened against other major currencies in the late Asian session on Tuesday, as traders remain optimistic about the outlook for interest rates following last week's weaker-than-expected US jobs data. They also remain cautious ahead of key U.S. inflation readings due later in the week that could influence the US Fed's rate trajectory.

RTTNews | 10g 53 minut temu

EURUSD	1.17065	GBPUSD	1.35199	AUDUSD	0.65836
USDJPY	147.371	USDCAD	1.384	USDCHF	0.79648