Canadian Market Set For Another Strong Close

RTTNews | Pred 718 dňami
Canadian Market Set For Another Strong Close

(RTTNews) - The Canadian market is up firmly in positive territory Monday afternoon and looks set to end the session on a strong note.

Energy and materials stocks are the major gainers. Several stocks from consumer discretionary, utilities and financials sectors are also up with notable gains. Technology stocks are weak.

The benchmark S&P/TSX Composite Index is up 192.19 points or 1.01% at 19,255.10.

The Energy Capped Index is up by about 4.1%. Vermilion Energy (VET.TO) is soaring 10.3%. Arc Resources (ARX.TO), Advantage Oil & Gas (AAV.TO), Nuvista Energy (NVA.TO), Crescent Point Energy (CPG.TO), Enerplus Corp (ERF.TO), Tourmaline Oil Corp (TOU.TO), MEG Energy (MEG.TO) and Paramount Resources (POU.TO) are gaining 5 to 6%.

In the materials section, Ivanhoe Mines (IVN.TO), Hudbay Minerals (HBM.TO) and Capstone Mining Corp (CS.TO) are up 6.3 to 7%. Lithium Americas Corp (LAC.TO), First Quantum Minerals (FM.TO), New Gold (NGD.TO), Lundin Mining (LUN.TO), Teck Resources (TECK.B.TO), Stella Jones (SJ.TO), Interfor Corp (IFP.TO) and Sandstorm Gold (SSL.TO) are gaining 3 to 7%.

Technology stocks Hut 8 Mining Corp (HUT.TO), Descartes Systems Group (DSG.TO) and Docebo Inc (DCBO.TO) are down 6.7%, 5.2% and 4%, respectively. Lightspeed Commerce (LSPD.TO), Converge Technology Solutions (CTS.TO), Shopify Inc (SHOP.TO) and Kinaxis Inc (KXS.TO) are declining 2.5 to 3.7%.

read more
Swiss Market Ends Weak For 2nd Straight Day

Swiss Market Ends Weak For 2nd Straight Day

The Switzerland market ended weak on Friday, extending losses from the previous session, amid political tensions in Europe, and continued uncertainty about interest rates.
RTTNews | Pred 7 h 14 min
Pound Falls Amid Risk Aversion

Pound Falls Amid Risk Aversion

The pound lost ground against its major counterparts on Friday, as European shares fell amid persistent concerns about the upcoming parliamentary elections in France.
RTTNews | Pred 9 h 11 min
U.S. Consumer Sentiment Unexpectedly Drops To Seven-Month Low In June

U.S. Consumer Sentiment Unexpectedly Drops To Seven-Month Low In June

The University of Michigan released preliminary data on Friday unexpectedly showing a continued deterioration in U.S. consumer sentiment in the month of June. The report said the consumer sentiment index fell to 65.6 in June after tumbling to 69.1 in May. Economists had expected the index to rebound to 72.0.
RTTNews | Pred 10 h 6 min
U.S. Import Price Unexpectedly Decrease 0.4% In May

U.S. Import Price Unexpectedly Decrease 0.4% In May

A report released by the Labor Department on Friday showed unexpected decreases by U.S. import and export prices in the month of May. The Labor Department said import prices fell by 0.4 percent in May following a 0.9 percent advance in April. Economists had expected import prices to inch up by 0.1 percent.
RTTNews | Pred 10 h 56 min
TriplePoint Venture Growth BDC CFO Christopher Mathieu Plans To Retire

TriplePoint Venture Growth BDC CFO Christopher Mathieu Plans To Retire

TriplePoint Venture Growth BDC Corp. (TPVG) announced Friday that Christopher Mathieu plans to retire as the Chief Financial Officer, effective as of the close of business on August 9, 2024. He will continue to serve as an advisor through December 31, 2024 to provide a smooth transition.
RTTNews | Pred 11 h 33 min
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

Lower futures and weakness in European markets point to a subdued start for Canadian stocks Friday morning. However, firm metal prices could trigger some strong buying in the materials sector and help limit market's downside.
RTTNews | Pred 11 h 36 min