TSX Ends On Firm Note

RTTNews | 733 dni temu

(RTTNews) - The Canadian market ended on a firm note on Friday, lifted by strong gains in energy, technology and materials shares.

A few stocks from healthcare and industrials sectors also posted notable gains.

The mood remained positive amid easing fears of a U.S. recession this year, and on hopes the Fed tightening cycle will end soon.

The benchmark S&P/TSX Composite Index ended with a gain of 133.90 points or 0.66% at 20,519.37. The index posted a marginal 0.1% decline for the week.

Data from Statistics Canada showed the Canadian economy grew 0.3% in May. Meanwhile, preliminary estimates show the economy may have contracted by 0.2% in June.

Healthcare stocks Tilray Inc (TLRY.TO), Bausch Health Companies (BHC.TO) and Chartwell Retirement (CSH.UN.TO) gained 7.1%, 2.5% and 1.7%, respectively.

In the technology sector, Celestica Inc (CLS.TO) soared 15.15% after reporting adjusted net earnings per share of $0.55 for the second quarter, compared to $0.44 in the year-ago quarte. The company also raised its earnings guidance for the year.

Shopify Inc (SHOP.TO), Blackberry (BB.TO), Coveo Solutions (CVO.TO), Lightspeed Commerce (LSPD.TO), Open Text Corporation (OTEX.TO) and Constellation Software (CSU.TO) gained 1.3 to 3.3%.

Among energy stocks, Baytex Energy (BTE.TO) gained more than 9% on strong second-quarter earnings.

Paramount Resources (POU.TO), Secure Energy (SES.TO), Nuvista Energy (NVA.TO) and Precision Drilling Corp (PD.TO) gained 4.3 to 5.7%.

Osisko Mining Inc (OSK.TO), up nearly 7.5%, was the top gainer in the Materials index. Methanex (MX.TO), Equinox Gold Corp (EQX.TO), Silvercrest Metals (SIL.TO), Teck Resources (TECK.B.TO), Wesdome Gold Mines (WDO.TO) and Alamos Gold (AGI.TO) gained 3 to 4.5%.

In the industrials secctor, Toromont Industries (TIH.TO), Ballard Power Systems (BLDP.TO), Finning International (FTT.TO), Bombardier Inc (BBD.B.TO), Canadian National Railway (CNR.TO), Air Canada (AC.TO) and Tfi International (TFII.TO) posted strong gains.

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.

RTTNews | 14 minut temu

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.

RTTNews | 57 minut temu

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.

RTTNews | 1g 5 minut temu

U.S. Consumer Prices Increase In Line With Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June.

RTTNews | 1g 48 minut temu

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.

RTTNews | 1g 52 minut temu

U.S. Weekly Jobless Claims Inch Up Less Than Expected

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday.

RTTNews | 1g 57 minut temu

FTSE 100 Modestly Higher; Rolls-Royce Holdings, Rentokil Shares Soar

The UK stock market is up in positive territory Thursday afternoon, riding on some strong earnings and guidance updates from big name companies. Investors are also reacting to the latest developments on the tariff front.

RTTNews | 2g 26 minut temu

Eurozone Jobless Rate Unchanged At 6.2%

The euro area unemployment rate remained stable in June despite slowing economic growth and challenging global trade situation, official data revealed on Thursday. The jobless rate came in at seasonally adjusted 6.2 percent, the same rate as seen in May and down from 6.4 percent in the same period last year, Eurostat said Thursday.

RTTNews | 2g 42 minut temu

EURUSD	1.14334	GBPUSD	1.32141	AUDUSD	0.64408
USDJPY	150.555	USDCAD	1.38306	USDCHF	0.81275

Advertisement

TSX Ends On Firm Note