TSX Ends Higher For 7th Straight Session

RTTNews | Pred 864 dňami
TSX Ends Higher For 7th Straight Session

(RTTNews) - The Canadian market ended higher on Monday, led by gains in healthcare and real estate sectors.

A few stocks from technology, industrials and financials sectors too posted notable gains and helped lift the market higher.

The mood, however, remained cautious amid a lack of fresh data. Investors looked ahead to more earnings and economic updates from the U.S. for direction.

The benchmark S&P/TSX Composite Index ended with a gain of 62.06 points or 0.3% at 20,641.97, rising for a seventh straight session.

The Healthcare Capped Index surged nearly 3%. Tilray Inc (TLRY.TO) climbed 5.36%, Canopy Growth Corp (WEED.TO) gained about 3.65%, Bellus Health Inc (BLU.TO) gained 3.1% and Bausch Health Companies (BHC.TO) ended 2.5% up.

Among the stocks in the real estate index, Northwest Healthcare Prop REIT (NWH.UN.TO) gained nearly 3%, while Primaris (PMZ.UN.TO), Tricon Capital Group (TCN.TO), H&R Real Estate (HR.UN.TO) and Colliers International Group (CIGI.TO) gained more than 2%.

Shopify Inc. (SHOP.TO), up 4.82%, was the top gainer in the technology section. Lightspeed Commerce (LSPD.TO) climbed about 1.1%.

Among financials shares, Home Capital Group (HCG.TO) rallied 4.5%, CI Financial (CIX.TO) gained nearly 2%, and Bank of Montreal (BMO.TO) gained 1.1%. Toronto-Dominion Bank (TD.TO), Manulife Financial (MFC.TO) and Brookfield Corporation (BN.TO) also posted notable gains.

In the industrials space, Brookfield Business Partners (BBU.UN.TO) climbed nearly 4%. Cae Inc (CAE.TO) gained about 1.9%, while Air Canada (AC.TO) gained 1.3%.

Energy, materials and communications stocks ended mixed, while consumer staples shares were weak.

In economic news, data from Statistics Canada showed wholesale sales in Canada fell by 1.7% month-over-month to C$ 85.6 billion in February, compared with a preliminary estimate of a 1.6% drop. Wholesale sales had risen by an upwardly revised 6.1% in January.

read more
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | Pred 2 h 59 min
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | Pred 3 h 43 min
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | Pred 4 h 12 min
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | Pred 5 h 26 min