Bay Street Likely To Open On Mixed Note

RTTNews | 1075 dias atrás

(RTTNews) - The Canadian market is likely to open on a mixed note Friday morning with investors reacting to earnings updates from major U.S. banks, and a slew of earnings announcements from Canadian companies.

A mixed trend in the commodities market is also likely to render the mood cautious.

Shaw Communications Inc. (SJR.B.TO) reported first-quarter 2023 net income of $168 million, compared with net income of $196 million in the year-ago quarter.

Cogeco Communications Inc (CCA.TO) reported earnings per share of $2.44 for the first quarter of fiscal 2023, up 7.5% from the year-ago quarter.

Cogeco Inc (CGO.TO) announced that its earnings per share on a diluted bases was $2.67 in the first quarter of fiscal 2023. That was up 10.8% from the earnings per share it recorded a year earlier.

Corus Entertainment Inc. (CJR.B.TO) reported net income of $31,387 for the quarter ended November 30, 2022, down 59% from net income of $76,165 it posted in the year-ago quarter.

On the economic front, data on Canadian manufacturing sales for the month of November is due at 8:30 AM ET. Manufacturing sales in Canada increased 2.8% month-over-month in October of 2022, compared to the preliminary estimate of 2% and following an upwardly revised 0.1% increase in the prior month.

Canadian stocks turned in a fine performance on Thursday as data showing a drop in U.S. consumer prices inflation in the month of December raised expectations the Federal Reserve will slow down the pace of its interest rate hikes in the coming months.

The benchmark S&P/TSX Composite Index ended with a gain of 186.15 points or 0.93% at 20,211.20.

Asian stocks ended higher on Friday as data showing a slowdown in U.S. inflation helped calm worries over the Federal Reserve's rate-hike trajectory.

European stocks are paring some gains after hovering near 9-month higs, with investors digesting mixed economic data from the region.

German economy likely stagnated in the fourth quarter of last year with GDP rising 1.9% over the full-year 2022, official data showed. Meanwhile, the British economy unexpectedly grew in November, with GDP rising 0.1% in the month as food and drink businesses benefited from the FIFA World Cup.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.32 or 0.41% at $78.71 a barrel.

Gold futures are gaining $1.50 or 0.1% at $1,900.30 an ounce, while Silver futures are down $0.284 or 1.18% at $23.720 an ounce.

Swiss Stocks Close On Firm Note; SMI Hits New Record High

Switzerland's benchmark SMI hit a new record high on Tuesday with stocks staying firm after recovering from a slightly cautious start.

RTTNews | 4 h 46 min atrás

European Stocks Close Broadly Higher

European stocks closed higher on Tuesday with some of the markets hitting fresh highs, amid continued optimism the Federal Reserve will consider more rate cuts next year. The volume of business was thin in most the markets as traders remained on the sidelines ahead of upcoming Christmas holidays.

RTTNews | 5 h 4 min atrás

Canadian Stocks Turning In Mixed Performance

Canadian stocks are turning in a mixed performance on Tuesday with investors digesting the nation's GDP data and a slew of economic reports from the U.S. With truncated sessions and holidays ahead, the mood in the market remains a bit subdued and the volume of business is rather thin.

RTTNews | 5 h 46 min atrás

U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December

Consumer confidence in the U.S. deteriorated for the fifth consecutive month in December, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index slid to 89.1 in December from an upwardly revised 92.9 in November.

RTTNews | 7 h 43 min atrás

U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November. The Fed said industrial production rose by 0.2 percent in November after edging down by 0.1 percent in October. Economists had expected industrial production to inch up by 0.1 percent.

RTTNews | 7 h 47 min atrás

U.S. Economy Grows Much More Than Expected In Q3

A report released by the Commerce Department on Tuesday showed the U.S. economy grew by much more than expected in the third quarter of 2025. The Commerce Department said real gross domestic product spiked by 4.3 percent in the third quarter after surging by 3.8 percent in the second quarter. Economists had expected GDP to jump by 3.3 percent.

RTTNews | 8 h 8 min atrás

U.S. Durable Goods Orders Plunge 2.2% In October, More Than Expected

Reflecting a steep drop in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of October. The report said durable goods orders tumbled by 2.2 percent in October after climbing by an upwardly revised 0.7 percent in September.

RTTNews | 8 h 22 min atrás

U.S. Industrial Production Rises Slightly More Than Expected In November

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November.

RTTNews | 8 h 41 min atrás

EURUSD	1.17931	GBPUSD	1.35137	AUDUSD	0.6698
USDJPY	156.212	USDCAD	1.36876	USDCHF	0.78791