Canadian Market Turning In Mixed Performance In Lackluster Trade

RTTNews | 614 dias atrás

(RTTNews) - The Canadian market is turning in a mixed performance on Thursday with investors reacting to the latest batch of economic data from the U.S. and Canada, and looking ahead to the crucial U.S. non-farm payroll data due on Friday.

The benchmark S&P/TSX Composite Index is up 13.14 points or 0.06% at 20,287.35 a few minutes before noon.

Among the prominent gainers, Canadian Tire Corporation (CTC.TO) is up 6.25%, Tucows Inc (TC.TO) is gaining 4.5%, Celestica Inc (CLS.TO) is advancing 4.2%, North West Company (NWC.TO) is up 4.1% and Bombardier Inc (BBD.B.TO) is rising 4%.

Nutrien (NTR.TO), Fairfax Financial Holdings (FFH.TO), Stella-Jones (SJ.TO), CCL Industries (CCL.B.TO), goeasy (GSY.TO), FirstService Corporation (FSV.TO) and Colliers International (CIGI.TO) are up 1.2 to 2.6%.

Among the losers, Coveo Solutions (CVO.TO) is declining nearly 6%. Imperial Oil (IMO.TO), Toronto-Dominion Bank (TD.TO), GFL Environmental (GFL.TO), Canadian Natural Resources (CNQ.TO) and Cameco Corporation (CCO.TO) are down 1 to 2%.

Laurentian Bank of Canada (LB.TO) is down by about 1.4%. The bank reported net income of $181.1 million and diluted earnings per share of $3.89 for the year ended October 31, 2023, compared with $226.6 million and $4.95 for the year ended October 31, 2022.

For the fourth quarter of 2023, the bank reported net income of $30.6 million and diluted earnings per share were $0.67, compared with $55.7 million and $1.26 for the fourth quarter of 2022.

Intact Financial Corp. (IFC.TO) and its subsidiary Royal & Sun Alliance Insurance Limited (RSA) announced that they have reached an agreement to sell RSA's UK direct Personal Lines operations, representing about £165 million of annual premiums, to Admiral Group plc. The stock is down by about 0.6%.

On the economic front, data from Statistics Canada showed the total value of building permits in Canada rose by 2.3% from a month earlier to $11.2 billion in October, reversing an upwardly revised 8.1% decline in September.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 falling well below the 8,850 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.

RTTNews | 35 minutos atrás

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by Hong Kong and Japanese markets amid improved outlook for interest rates after US consumer price inflation for July came in line with expectations. The U.S. and China also confirmed a 90-day extension of their trade truce. Asian markets closed mixed on Tuesday.

RTTNews | 46 minutos atrás

Sensex, Nifty Set For Positive Open As Retail Inflation Hits 8-year Low

Indian shares look set to open on a positive note Wednesday after official data showed India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years amid a continued fall in food prices.

RTTNews | 1 h 22 min atrás

Rebound Anticipated For Thai Stock Market

Ahead of the long holiday weekend for Queen Sirikit's birthday, the Thai stock market had ended the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just beneath the 1,260-point plateau although it's expected to bounce higher again on Wednesday.

RTTNews | 1 h 54 min atrás

Japanese Market Sharply Higher

The Japanese stock market is sharply higher on Wednesday, extending the gains in the previous six sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving a tad above the 43,300 level to fresh record all-time highs, with gains across all sectors led by exporters and financial stocks.

RTTNews | 2 h 12 min atrás

Indonesia Bourse May Test Resistance At 7,800 Points

The Indonesia stock market has tracked higher in three straight sessions, improving more than 300 points or 4 percent along the way. The Jakarta Composite Index now sits just above the 7,790-point plateau and it may at least open higher again on Wednesday.

RTTNews | 2 h 24 min atrás

Additional Support Called For Hong Kong Stock Market

The Hong Kong stock market has moved higher in back-to-back sessions, gathering more than 110 points or 0.4 percent along the way. The Hang Seng Index now rests just beneath the 24,970-point plateau and it's expected to open to the upside again on Wednesday.

RTTNews | 2 h 39 min atrás

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday after opening in the green, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying well below the 8,900 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.

RTTNews | 2 h 41 min atrás

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