Bay Street Likely To Open On Mixed Note

RTTNews | 4 h 58 min atrás

(RTTNews) - Canadian shares are likely to see a mixed start Thursday morning, with investors tracking the trend in the commodities market and a slew of U.S. economic data, including reports on second quarter GDP and Personal Consumption & Expenditure.

Uncertainty about the outlook for Fed interest rates and geopolitical tensions could weigh a bit on sentiment.

The Canadian market closed modestly lower on Wednesday as traders refrained from big moves and assessed the implications of last week's rate cut by the Bank of Canada amid assurances on the nation's economic future by Prime Minister Mark Carney.

The benchmark S&P/TSX Composite Index closed down by 58.68 points, or 0.2%, at 29,756.95.

Asian stocks ended little changed in muted trading on Thursday as an AI-driven rally showed signs of fatigue and hopes of aggressive Fed rate cuts faded.

Amid renewed concerns stemming from a U.S. labor market slowdown and sticky inflation, investors awaited more U.S. economic data, including jobless claims and PCE inflation data for directional cues.

The major European markets are down in negative territory in cautious trade today with investors awaiting a slew of key U.S. economic data.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.46 or 0.71% at $64.53 a barrel.

Gold futures are up $15.10 or 0.4% at $3,783.20 an ounce, while Silver futures are gaining $0.943 or 2.13% at $45.135 an ounce.

Canadian Market Recovers From Early Setback, Down Just Marginally

Canadian stocks are down in negative territory on Thursday, extending weakness to a third straight session, amid uncertainty about the outlook for U.S. interest rates following data showing stronger than expected U.S. GDP growth in the second quarter.

RTTNews | 1 h 30 min atrás

U.S. Existing Home Sales Dip Much Less Than Expected In August

Existing home sales in the U.S. saw a modest pullback in the month of August, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales dipped by 0.2 percent to an annual rate of 4.00 million in August after jumping by 2.0 percent to an annual rate of 4.01 million in July. Economists had expected existing home sales to slump by 1.3 percent.

RTTNews | 3 h 5 min atrás

U.S. GDP Surges 3.8% In Q2, Much More Than Previously Estimated

Revised data released by the Commerce Department on Thursday showed the U.S. economy unexpectedly grew by much more than previously estimated in the second quarter of 2025. The report said real gross domestic product spiked by 3.8 percent in the second quarter compared to the previously reported 3.3 percent surge. Economists had expected the pace of GDP growth to be unrevised.

RTTNews | 3 h 9 min atrás

U.S. Durable Goods Orders Unexpectedly Rebound In August

After reporting a sharp pullback by new orders for U.S. manufactured durable goods over the two previous months, the Commerce Department released a report on Thursday unexpectedly showing a significant rebound by durable goods orders in the month of August. The Commerce Department said durable goods orders shot up by 2.9 percent in August after tumbling by a revised 2.7 percent in July.

RTTNews | 3 h 34 min atrás

Starbucks To Close Coffeehouses, Cut 900 Jobs In $1 Bln Restructuring

As part of its "Back to Starbucks" strategy, Coffee giant Starbucks Corp. Thursday announced a $1 billion restructuring plan involving the closure of select coffeehouses and around 900 job cuts. In a filing with the U.S. Securities and Exchange Commission, the company said it estimates the $1 billion restructuring charges to be related to the store closures, support organization transformation,

RTTNews | 3 h 43 min atrás

U.S. Weekly Jobless Claims Unexpectedly Decrease To Two-Month Low

A report released by the Labor Department on Thursday unexpectedly showed an extended pullback by first-time claims for U.S. unemployment benefits in the week ended September 20th. The Labor Department said initial jobless claims fell to 218,000, a decrease of 14,000 from the previous week's revised level of 232,000. Economists had expected jobless claims to inch up to 235,000.

RTTNews | 3 h 52 min atrás

Swiss National Bank Pauses Policy Easing

The Swiss National Bank left its policy rate unchanged after easing for six straight meetings as higher US trade tariff dampened the economic outlook amid weak inflation. The SNB retained its policy rate unchanged at zero percent, as widely expected. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold.

RTTNews | 4 h 19 min atrás

U.S. GDP Surges Much More Than Previously Estimated In Q2

Revised data released by the Commerce Department on Thursday showed the U.S. economy unexpectedly grew by much more than previously estimated in the second quarter of 2025.

RTTNews | 4 h 44 min atrás

EURUSD	1.16531	GBPUSD	1.3328	AUDUSD	0.65344
USDJPY	149.882	USDCAD	1.39419	USDCHF	0.80129