TSX Fails To Hold Early Gains, Ends Slightly Down

RTTNews | 1007 dias atrás

(RTTNews) - The Canadian market ended slightly lower on Thursday, as losses posted by stocks from energy, materials and consumer staples sectors offset a good show by technology, real estate and industrials stocks.

Investors digested the interest rate moves by the Bank of England and the European Central Bank. The BoE and the ECB, both raised their interest rates by 50 basis points and signaled more hikes in the coming months.

The Federal Reserve had raised interest rate by 25 basis points on Wednesday, and indicated more hikes, saying inflation is still at elevated levels.

The benchmark S&P/TSX Composite Index ended down 10.61 points or 0.05% at 20,740.44. The index scaled a low of 20,696.86 and a high of 20,843.21 intraday.

AutoCanada (AC.TO) climbed more than 8%. Shopify Inc (SHOP.TO) rallied nearly 7%. Colliers International (CIGI.TO) surged 4.5%.

TFI International (TFII.TO), goeasy (GSY.TO), Cargojet (CJT.TO), FirstService Corporation (FSV.TO), WSP Global (WSP.TO), BRP Inc (DOO.TO), Kinaxis Inc (KXS.TO), Fairfax Financial Holdings (FFH.TO) and Boyd Group Services (BYD.TO) gained 1.2 to 3.4%.

Canada Goose Holdings (GOOS.TO) plunged nearly 24% after the company reported revenues and earnings that fell short of expectations.

Precision Drilling Corporation (PD.TO), First Quantum Minerals (FM.TO) and Filo Mining (FIL.TO) lost 7.7%, 6/8% and 5.7%, respectively.

Suncor Energy (SU.TO), Agnico Eagle Mines (AEM.TO), Methanex Corporation (MX.TO), Imperial Oil (IMO.TO) and Teck Resources (TECK.A.TO), Canadian Natural Resources (CNQ.TO), Franco-Nevada Corporation (FNV.TO) and George Weston (WN.TO) lost 1 to 4%.

Lightspeed Commerce (LSPD.TO) ended 6% down. The company reported adjusted net loss of $814.8 million for the quarter ended December 2022, compared with adjusted net loss of $65.5 million in the corresponding quarter of the previous financial year. Net loss includes a non-cash goodwill impairment charge of $748.7 million.

On the economic front, the total value of building permits in Canada decreased by a bigger than expected 7.3% from a month earlier to C$ 10.3 billion in December of 2022, data from Statistics Canada showed.

Swiss Market Ends On Positive Note; UBS, Sika Among Top Gainers

The Switzerland market started off on a weak note on Wednesday, and like most of its European peers, recovered gradually and kept edging higher past mid afternoon to eventually settle on a firm note.

RTTNews | 3 h 12 min atrás

European Stocks Shrug Off Early Weakness, Close Higher

European stocks recovered after a weak start and settled on a positive note on Wednesday, as investors tracked steady U.S. markets and indulged in some bargain hunting at several counters.

RTTNews | 3 h 31 min atrás

TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

The Canadian market is up firmly in positive territory on Wednesday, lifted by strong gains in energy, materials and technology sectors. Data showing an improvement in Canadian services sector activity, firm commodity prices and bargain hunting after recent sharp decline contribute to market's notable move up north.

RTTNews | 4 h 24 min atrás

U.S. Service Sector Activity Returns To Expansion In October

The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.

RTTNews | 6 h 28 min atrás

U.S. Private Sector Employment Rebounds More Than Expected In October

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October. ADP said private sector employment climbed by 42,000 jobs in October after slipping by a revised 29,000 jobs in September. Economists had expected private sector employment to rise by 25,000 jobs.

RTTNews | 7 h 11 min atrás

U.S. Private Sector Adds 42,000 Jobs In October, More Than Expected

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October.

RTTNews | 8 h 28 min atrás

Higher Commodity Prices, Bargain Hunting May Lift Canadian Stocks At Open

Canadian stocks may move higher Wednesday morning, tracking firm oil and metal prices. Some bargain hunting is also likely after a sell-off in the previous session pushed the market to a six-week low.

RTTNews | 8 h 38 min atrás

Wall Street May Open With Slightly Negative Bias

Slightly lower S&P and Nasdaq futures amid valuation concerns indicate a flat to negative start for stocks on Wall Street Wednesday morning. Data on manufacturing and services sector activity in the U.S. in the month of October may provide some direction to the mark

RTTNews | 8 h 56 min atrás

EURUSD	1.1489	GBPUSD	1.30493	AUDUSD	0.65064
USDJPY	154.094	USDCAD	1.41097	USDCHF	0.81022