Bay Street Likely To Open On Mixed Note

RTTNews | 554 дней спустя

(RTTNews) - Subdued commodity markets and European stocks point to a mixed start for Canadian shares on Wednesday. The focus will be on the release of the minutes of the Federal Reserve's most recent monetary policy meeting, due later in the day.

Gildan Activewear Inc. (GIL.TO) reported adjusted net earnings of $129.2 million for the fourth quarter ended December 31, 2023, compared with adjusted net earnings of $117.2 million in the year-ago quarter. Adjusted net income for the full year was $452.6 million, compared to $574.7 million in the previous year.

Sprott Inc. (SII.TO) reported fourth quarter net income of $9.7 million ($0.38 per share), up 32% from $7.3 million ($0.29 per share) for the quarter ended December 31, 2022. On a full-year basis, net income was $41.8 million ($1.66 per share), up 137% from $17.6 million ($0.70 per share) for the year ended December 31, 2022.

On the economic front, a report on new housing prices in Canada for the month of January is due at 8:30 AM ET.

The Canadian market ended modestly lower on Tuesday after showing a lack of direction early on in the session. The benchmark S&P/TSX Composite Index slipped 38.08 points or 0.2% to 21,217.53, giving back ground after inching up to its best closing level in well over a year last Friday.

Technology stocks followed the U.S. peers lower ahead of the release of quarterly results from Nvidia (NVDA) after the close of trading on Wednesday.

Asian stocks ended mixed on Wednesday, with mainland Chinese and Hong Kong markets rallying after authorities announced more steps to revive investor confidence.

Markets elsewhere across Asia ended on a subdued note ahead of Nvidia's quarter earnings and the Fed meeting minutes release.

European stocks are turning in a mixed performance with investors reacting to some disappointing earnings updates, and looking ahead to the Federal Reserve's minutes of the latest monetary policy meeting.

In commodities, West Texas Intermediate Crude oil futures are down $0.37 or 0.47% at $76.67 a barrel.

Gold futures are down slightly at $2,039.10 an ounce, while Silver futures are lower by $0.031 or 0.13% at $23.105 an ounce.

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 | 1ч 44мин назад

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 | 1ч 54мин назад

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 | 2ч 6мин назад

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 | 2ч 17мин назад

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 | 2ч 23мин назад

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 | 3ч 29мин назад

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 | 3ч 36мин назад

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 | 3ч 41мин назад

EURUSD	1.16793	GBPUSD	1.35194	AUDUSD	0.65327
USDJPY	146.911	USDCAD	1.3751	USDCHF	0.80117