TSX Ends On Firm Note

RTTNews | 552 dias atrás

(RTTNews) - The Canadian market ended on a firm note on Thursday, led by gains in technology, healthcare, industrials and consumer staples sectors.

Strong fourth quarter results and upbeat revenue guidance from U.S. chipmaker NVIDIA buoyed up technology stocks.

The benchmark S&P/TSX Composite Index, which opened with a positive gap of nearly 90 points at 21,259.99 and advanced to 21,365.35, ended the day's session with a gain of 145.70 points or 0.69% at 21,318.08.

Technology stock Celestica Inc (CLS.TO) soared more than 12%. Computer Modelling Group (CMG.TO) climbed 8.1%. CGI Group Inc (GIB.A.TO), Enghouse Systems (ENGH.TO), Open Text Corp (OTEX.TO), Quarterhill (QTRH.TO), Alithya Group (ALYA.TO), Bitfarms (BITF.TO) and Constellation Software (CSU.TO) gained 1 to 2.35%.

Healthcare stock Bausch Health Companies (BHC.TO) rallied nearly 7.5%. The company reported earnings per share of $1.15 for the fourth quarter of 2024, compared to EPS of $1.02 in the year-ago quarter.

Sienna Senior Living (SIA.TO) gained 2.3%, riding on strong fourth quarter results.

Industrials shares Mullen Group (MTL.TO), Tfi International (TFII.TO), Waste Connections (WCN.TO), Element Fleet (EFN.TO), Canadian National Railway (CNR.TO), Russel Metals (RUS.TO) and WSP Global (WSP.TO) gained 1.5 to 2%.

In the financials sector, Nuvei Corp (NVEI.TO), EQB Inc (EQB.TO), Brookfield Asset Management (BAM.TO), Fairfax Financial Holdings (FFH.TO), Sun Life Financial (SLF.TO), Power Corporation of Canada (POW.TO) and National Bank of Canada (NA.TO) ended higher by 1 to 2.6%.

Loblaw (L.TO) gained 3.5%. The company reported adjusted net earnings were $630 million for the fourth-quarter of 2023, an increase of $55 million, or 9.6%.

On the economic front, retail sales in Canada increased 0.9% in December, data from Statistics Canada showed. Year-on-year, retail sales surged 2.9% in December. According to preliminary estimates, retail sales in Canada likely fell 0.4% month-over-month in January 2024.

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | 43 minutos atrás

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | 54 minutos atrás

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 | 1 h 5 min 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 | 1 h 17 min 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 | 1 h 23 min 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 | 2 h 28 min atrás

U.S. GDP Jumps 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.

RTTNews | 2 h 36 min atrás

U.S. Weekly Jobless Claims Edge Down To 229,000

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.

RTTNews | 2 h 41 min atrás

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