TSX Fails To Hold Early Gains, Ends Marginally Down

RTTNews | 1128 dias atrás
TSX Fails To Hold Early Gains, Ends Marginally Down

(RTTNews) - After opening higher and staying firm till a little before noon, the Canadian market turned subdued and moved along the flat line on Tuesday and finally ended the session on a slightly weak note.

Slowing global economy, and tighter monetary policy stance of several central banks rendered the mood cautious.

Energy and materials shares moved higher on firm crude oil and gold prices. Shares from utilities and financials sectors were weak.

The benchmark S&P/TSX Composite Index, which climbed nearly 230 points to 18,546.76 earlier in the session, ended with a loss of 19.13 points or 0.1% at 18,307.91, about 60 points off the day's low of 18,247.74.

Athabasca Oil Corporation (ATH.TO) rallied 8%. Tamarack Valley Energy (TVE.TO), MEG Energy (MEG.TO), Whitecap Resources (WCP.TO), Crescent Point Energy (CPG.TO) and Baytex Energy (BTE.TO) gained 4.5 to 6%.

Lundin Mining (LUN.TO), Cenovus Energy (CVE.TO), Suncor Energy (SU.TO) and Canadian Natural Resources (CNQ.TO) also posted notable gains.

Dye & Durham (DND.TO) soared 17.3%. Vermilion Energy (VET.TO) surged 10.1%. Cameco Corporation (CCO.TO), Methanex Corporation (MX.TO), CargoJet (CJT.TO), Sprott (SII.TO), Aritzia Inc (ATZ.TO) and Imperial Oil (IMO.TO) gained 3 to 5%.

Canadian Imperial Bank of Commerce (CM.TO) and Shopify Inc (SHOP.TO) ended lower by 2.2% and 1.2%, respectively, on strong volumes.

WSP Global (WSP.TO), CCL Industries (CCL.B.TO), Bank of Montreal (BMO.TO), Waste Connections (WCN.TO) and Fairfax Financial Holdings (FFH.TO) were among the other prominent losers.

read more
Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

After spending a few minutes in positive territory at the start, Switzerland stock market's benchmark SMI drifted down and then stayed weak right through the trading session on Wednesday, with investors digesting corporate earnings updates and looking ahead to the Federal Reserve's rate decision due later in the day.
RTTNews | 2 h 40 min atrás
Fed Announces Widely Expected Decision To Cut Rates By Another Quarter Point

Fed Announces Widely Expected Decision To Cut Rates By Another Quarter Point

After cutting interest rates for the first time this year in September, the Federal Reserve on Wednesday announced its widely expected decision to lower rates by another quarter point. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 3.75 percent to 4.0 percent in support of its dual goals.
RTTNews | 3 h 8 min atrás
Major European Markets Close On Mixed Note Ahead Of Fed Rate Decision

Major European Markets Close On Mixed Note Ahead Of Fed Rate Decision

European stocks turned in a mixed performance on Wednesday with investors reacting to a slew of earnings announcements, and looking ahead to the monetary policy announcement from the Federal Reserve later in the day, and the upcoming meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping. Investors also looked ahead to the ECB's policy announcement due tomorrow.
RTTNews | 3 h 9 min atrás
Canadian Market Drifts Lower After BoC Rate Decision; Energy, Materials Shares Rise

Canadian Market Drifts Lower After BoC Rate Decision; Energy, Materials Shares Rise

The Canadian market is down in negative territory around noon on Wednesday, weighed down by losses in consumer, healthcare, industrials and real estate sectors. Investors are digesting the Bank of Canada's rate cut decision, and looking ahead to the Federal Reserve's interest rate announcement due later in the day.
RTTNews | 5 h 18 min atrás
U.S. Pending Home Sales Unexpectedly Unchanged In September

U.S. Pending Home Sales Unexpectedly Unchanged In September

After reporting a sharp increase by pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing pending home sales unexpectedly came in flat in the month of September. NAR said its pending homes sales index was unchanged at 74.8 in September after surging by 4.2 percent in August.
RTTNews | 7 h 21 min atrás
Bank Of Canada Cuts Interest Rates By Another Quarter Point

Bank Of Canada Cuts Interest Rates By Another Quarter Point

The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates once again, cutting rates by a quarter point for the second consecutive meeting. The Canadian central bank said it reduced its target for the overnight rate by 25 basis points to 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
RTTNews | 7 h 23 min atrás
Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed

Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed

Canadian stocks are likely to open on a positive note on Wednesday, tracking firm oil and metal prices. Expectations of interest rate cuts by the Bank of Canada and the Federal Reserve may also contribute to a steady open on Bay Street.
RTTNews | 9 h 1 min atrás
FTSE 100 Advances As Miners, Pharma Stocks Rally

FTSE 100 Advances As Miners, Pharma Stocks Rally

The U.K. market is up firmly in positive territory on Wednesday, led by gains in mining and pharmaceutical sectors, thanks to a rebound in metal prices and stronger than expected earnings from drug major GSK.
RTTNews | 9 h 39 min atrás