TSX Ends Slightly Weak Ahead Of BoC Rate Decision

RTTNews | 611 dni temu

(RTTNews) - The Canadian market ended weak on Tuesday after a cautious session as investors awaited the Bank of Canada's interest rate decision on Wednesday, and the U.S. non-farm payroll data due on Friday.

The Canadian central bank is widely expected to leave its key interest rate unchanged.

On the economic front today, a report from S&P Global showed the S&P Global Canada Composite PMI dropped to 44.8 in November from 46.7 in October, marking the most significant decline since June 2020.

Meanwhile, the S&P Global Canada Services PMI fell to 44.5 in November, down from 46.6 in the previous month, marking the sixth consecutive month of contraction, and the sharpest drop since June 2020.

The benchmark S&P/TSX Composite Index ended down 34.28 points or 0.17% at 20,375.93 after moving in a very narrow range. The index, which advanced to 20,453.69 in early trades, dropped to a low of 20,361.22 in the session.

Healthcare, materials and energy stocks closed weak. Technology stocks found support, and a few stocks from consumer staples and real estate sectors too posted notable gains.

The Health Care Capped Index dropped 3.07%. Tilray Inc (TLRY.TO) ended 8.7% down, and Bausch Health Companies (BHC.TO) drifted down 4.4%, while Chartwell Retirement Residences (CSH.UN.TO) gained about 1.5%.

Energy stocks fell as oil prices slipped amid concerns about the outlook for energy demand. Baytex Energy (BTE.TO), Precision Drilling Corporation (PD.TO), Nuvista Energy (NVA.TO), Vermilion Energy (VET.TO), MEG Energy Corp (MEG.TO), Cenovus Energy (CVE.TO) and Arc Resources (ARX.TO) ended lower by 2 to 4%.

Among materials shares, Torex Gold Resources (TXG.TO) tumbled 7.19%. Seabridge Gold (SEA.TO) ended lower by 5.5%. Shares of IAMGOLD ended 4.7% down. The company announced that it plans to buy Vanstar Mining Resources in a $31.1 million deal.

Ero Copper (ERO.TO), Canfor Corp (CFP.TO), Pan American Silver Corp (PAAS.TO), MAG Silver Corp (MAG.TO), Filo Mining (FIL.TO), Franco-Nevada Corp (FNV.TO) and Stelco Holdings (STLC.TO) lost 2 to 4.6%.

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.

RTTNews | 3g 17 minut temu

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.

RTTNews | 3g 49 minut temu

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.

RTTNews | 3g 59 minut temu

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.

RTTNews | 4g 56 minut temu

Global Cues, Firm Commodity Prices Point To Another Firm Start On Bay Street

Canadian shares are likely to open higher Thursday morning, tracking positive global cues and higher commodity prices.

RTTNews | 5g 39 minut temu

U.S. Labor Productivity Surges 2.4% In Second Quarter

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday.

RTTNews | 5g 46 minut temu

U.S. Weekly Jobless Claims Rise More Than Expected

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd.

RTTNews | 5g 52 minut temu

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.

RTTNews | 6g 20 minut temu

EURUSD	1.16332	GBPUSD	1.3417	AUDUSD	0.6499
USDJPY	147.463	USDCAD	1.37603	USDCHF	0.80764

Advertisement

TSX Ends Slightly Weak Ahead Of BoC Rate Decision