TSX Ended On Firm Note; Energy Stocks Rally

RTTNews | 1135 dias atrás
TSX Ended On Firm Note; Energy Stocks Rally

(RTTNews) - After opening slightly higher and briefly slipping into negative territory, the Canadian market recovered and stayed positive right till the end of the session on Monday to sign off on a firm note.

The mood was cautious with investors looking ahead to the Federal Reserve's monetary policy announcement, due on Wednesday.

The benchmark S&P/TSX Composite Index ended with a gain of 121.56 points or 0.64% at 19,104.48. The index touched a low of 18,971.49 and a high of 19,119.04 in the session.

Energy stocks rallied on higher crude oil prices. The Energy Capped Index climbed 3.55%. Precision Drilling (PD.TO), Nuvista Energy (NV.TO), Vermilion Energy (VET.TO), Birchcliff Energy (BIR.TO), Athabasca Oil Corp (ATH.TO), Baytex Energy (BTE.TO), Crescent Point Energy (CPG.TO), Enerplus Corp (ERF.TO) and Arc Resources (ARX.TO) gained 5 to 7%.

Chartwell Retirement Residences (CSH.UN.TO), up 2.6%, and Sienna Senior Living Inc (SIA.TO), up 1.5%, were the prominent gainer in the healthcare section.

Consumer staples shares Alimentation Couche-Tard (ATD.TO) and The North West Company (NWC.TO) gained 2.3% and 1.15%, respectively. Metro Inc (MRU.TO) and Saputo Inc (SAP.TO) also posted notable gains.

Real estate stocks First Capital (FCR.UN.TO), H&R Real Estate Inv. Trust (HR.UN.TO), Granite Real Estate Investment Trust (GRT.UN.TO) and Smartcentres Real Estate Investment Trust (SRU.UN.TO) gained 1.5 to 2.1%.

Westshore Terminals Investment Corp (WTE.TO), up 2.7%, was the top gainer in the industrials section. Russel Metals (RUS.TO), Exchange Iron Corp (EIF.TO), Cae Inc (CAE.TO) and Aecon Group (ARE.TO) gained 1 to 2%.

Among technology stocks, Hut 8 Mining Corp (HUT.TO) and Sierra Wireless (SW.TO) lost 9.7% and 9.25%, respectively. Lightspeed Commerce (LSPD.TO), Nuvei Corp (NVEI.TO), Descartes Systems Group (DSG.TO), Shopify Inc (SHOP.TO) and BlackBerry (BB.TO) shed 2 to 6.5%.

read more
Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.
RTTNews | 4 h 57 min atrás
Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.
RTTNews | 5 h 3 min atrás
European Markets Finish In The Red On Tuesday

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.
RTTNews | 5 h 10 min atrás
U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.
RTTNews | 7 h 11 min atrás
Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.
RTTNews | 7 h 23 min atrás
U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.
RTTNews | 7 h 25 min atrás