TSX Ends Modestly Higher

RTTNews | 811 dni temu
TSX Ends Modestly Higher

(RTTNews) - The Canadian market ended modestly higher on Thursday, riding on strong gains in technology, energy and industrials shares.

Materials stocks found some support as well, while healthcare and consumer staples stocks were a bit weak.

The benchmark S&P/TSX Composite Index, which opened with a negative gap of nearly 70 points, dropped further to 20,1490.04, but emerged into positive territory around noon to finally end the session with a gain of 77.43 points or 0.38% at 20,337.21.

Technology stocks Tecsys Inc (TCS.TO) and Kinaxis Inc (KXS.TO) climbed 5.9% and 5.3%, respectively. Descartes Systems Group (DSG.TO), Nuvei Corp (NVEI.TO), BlackBerry (BB.TO) and Shopify Inc (SHOP.TO) gained 2.6 to 4%.

In the energy section, Crescent Point Energy (CPG.TO) climbed 2.6%. The company reported a net income of approximately $1.5 billion for the financial year 2022.

Athabasca Oil Corp (ATH.TO) surged 5%. Africa Oil Corp (AOI.TO), MEG Energy (MEG.TO), Freehold Royalties (FRU.TO) and Cenovus Energy (CVE.TO) gained 2.5 to 4%.

Industrials stocks Nutrien (NTR.TO) and Methanex (MX.TO) gained about 5% and 4.35%, respectively. Sandstorm Gold (SSL.TO), Ero Copper Corp (ERO.TO) and Algoma Steel Group (ASTL.TO) gained 3.1 to 3.5%.

Snc-Lavalin (SNC.TO), up 2.15%, was the top gainer in the Industrials Index. Gfl Environmental (GFL.TO), Bombardier (BBD.B.TO), Canadian National Railway (CNR.TO) and Canadian Pacific Railway (CP.TO) ended higher by 1.6 to 2%.

Toronto-Dominion Bank (TD.TO) drifted down 2.4%. The bank adjusted net income of $4,155 million in the first quarter, compared with $3,833 million in the year-ago quarter.

AutoCanada Inc (ACQ.TO) tanked 16%. Canadian Western Bank (CWB.TO) ended lower by about 5.5%. George Weston (WN.TO), Tourmaline Oil Corp (TOU.TO) and Teck Resources (TECK.B.TO) were among the other notable losers.

read more
U.S. Existing Home Sales Unexpectedly See Further Downside In April

U.S. Existing Home Sales Unexpectedly See Further Downside In April

Existing home sales in the U.S. unexpectedly saw further downside in the month of April, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales fell by 0.5 percent to an annual rate of 4.00 million in April after plunging by 5.9 percent to a rate of 4.02 million in March.
RTTNews | 1g 7 minut temu
U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000

U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000

A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th. The Labor Department said initial jobless claims edged down to 227,000, a decrease of 2,000 from the previous week's unrevised level of 229,000. The dip surprised economists, who had expected jobless claims to inch up to 230,000.
RTTNews | 2g 3 minut temu
Euro Weakens After German Composite PMI Falls

Euro Weakens After German Composite PMI Falls

The euro weakened against other major currencies in the European session on Thursday, following the release of Germany's composite output index for May.
RTTNews | 3g 15 minut temu
Bay Street Likely To Open On Weak Note

Bay Street Likely To Open On Weak Note

It's likely to be a weak start for stocks on Bay Street Thursday morning as investors may tread cautiously amid concerns about U.S. fiscal deficit, and continued uncertainty surrounding Trump administration's tariff moves. Weak crude oil and metal prices are likely to hurt as well.
RTTNews | 3g 21 minut temu
FTSE 100 Notably Lower; Johnson Matthey Soars 32%

FTSE 100 Notably Lower; Johnson Matthey Soars 32%

U.K. stocks are down in negative territory on Thursday afternoon, in line with other major markets in Europe, as worries about U.S. fiscal deficit and rising bond yields weigh on equities. Investors, digesting the nation's economic data, are also awaiting more clarity on U.S. President Donald Trump's tariff plans.
RTTNews | 3g 46 minut temu
Eurozone Private Sector Shrinks For First Time In 5 Months

Eurozone Private Sector Shrinks For First Time In 5 Months

The euro area private sector logged a renewed fall in May due to a sharp downturn in services activity, flash purchasing managers' survey compiled by S&P Global showed on Thursday. The flash composite output index fell to 49.5 in May from 50.4 in April. The score fell below the 50.0 no-change mark for the first time in five months.
RTTNews | 3g 57 minut temu
Euro Falls Against Majors

Euro Falls Against Majors

The euro weakened against other major currencies in the Asian session on Thursday.
RTTNews | 4g 5 minut temu