Bay Street Looks Headed For Positive Start

RTTNews | 28 dias atrás

(RTTNews) - 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.

Data from Statistics Canada showed Canada's GDP increased to 0.1% in June from -0.1% in May, according to preliminary estimates.

Average weekly earnings in Canada increased 3.3% in May over the same month in the previous year, a separate report from Statistics Canada showed.

In Canadian earnings news, Gildan Activewear Inc. (GIL.TO) reported a 6.5% surge in second quarter revenues. On an adjusted basis, earnings were $145.9 million or $0.97 per share, up from $124.7 million or $0.74 per share a year ago.

Bombardier Inc. (BBD.B.TO) Thursday reported net income from continuing operations of $193 million or $1.87 per share for the second quarter, significantly higher than $19 million or $0.12 per share in the same quarter a year ago.

Cenovus Energy (CVE.TO) reported earnings per share of $0.45 for the second quarter, compared to $0.53 in the year-ago quarter. However, EPS in the latest quarter came in stronger than the expected $0.31.

The Canadian market ended notably lower on Wednesday on concerns about a lack of progress in US-Canada trade talks.

The benchmark S&P/TSX Composite Index, which climbed to 27,581.23, failed to hold gains and settled at 27,369.96, down by 169.92 points or 0.62%.

Asian stocks ended mostly lower on Thursday, with the Federal Reserve's interest-rate decision, tech earnings, U.S. President Donald Trump's tariff threats and Chinese data in focus.

Japanese markets outperformed as the Bank of Japan held interest rates steady and offered a cautiously optimistic view on the economic outlook.

European stocks have mostly pared early gains today with investors reacting to a slew of earnings announcements, and the latest batch of crucial economic data. The UK market is outperforming the other major markets, with the FTSE 100 rising more than 0.5%.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.49 or 0.7% at $69.51 a barrel.

Gold futures are gaining $4.30 or 0.13% at $3,357.10 an ounce, while Silver futures are down $1.064 or 2.82% at $36.675 an ounce.

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | 11 minutos atrás

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | 22 minutos atrás

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | 28 minutos atrás

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.

RTTNews | 1 h 34 min atrás