TSX Ends On Firm Note For 2nd Straight Day

RTTNews | Pred 988 dňami

(RTTNews) - The Canadian market ended on a strong note on Thursday, shrugging off a weak start and a mild setback around noon.

Despite hawkish comments from Fed Chair Jerome Powell that signaled aggressive rate hikes in the coming months, and the European Central Bank's sharp 75-basis points interest rate hike, Canadian stocks moved higher today.

Financials, materials and technology stocks posted strong gains. Several stocks from energy and industrials sectors too closed notably higher. Consumer staples and communications shares drifted down.

The benchmark S&P/TSX Composite Index ended with a gain of 171.56 points or 0.89% at 19,413.00.

Tecsys Inc (TCS.TO), Lithium Americas Corp (LAC.TO) and First Quantum Minerals (FM.TO) climbed 7.8 to 8.2%.

CCL Industries (CCL.A.TO), FirstService Corporation (FSV.TO), Bank of Nova Scotia (BNS.TO), BRP Inc (DOO.TO), WSP Global Inc (WSP.TO), TFI International (TFII.TO), goeasy (GSY.TO), Royal Bank of Canada (RY.TO) and Boyd Group Services (BYD.TO) gained 1 to 3.3%.

Shares of North West Company Inc (NWC.TO) plunged more than 6%. The company announced on Wednesday that its second-quarter net earnings decreased to $32.4 million compared to $42.4 million last year.

Canada Goose Holdings (GOOS.TO), Ritchie Bros. Auctioneers (RBA.TO), Quebecor Inc (QBR.TO), Descartes Systems Group (DSG.TO) and Precision Drilling (PD.TO) also declined sharply.

Dye & Durham Limited (DND) shares soared nearly 10%. The company announced on Thursday that the Australian Competition and Consumer Commission or ACCC has confirmed Link Administration Holdings Limited (LNK) that it will not oppose its proposed merger with Dye & Durham.

Equinox Gold Corporation (EQX.TO) shares drifted down nearly 4%. The company said that it has temporarily stopped its mining works at its Los Filos Mine in Mexico, citing an illegal blockade by members of the nearby Mezcala community.

Euro Slips On Trump's Tariff Proposal

The euro fell against its major counterparts on Friday, as President Donald Trump proposed tariffs on imports from the European Union starting on June 1.

RTTNews | Pred 9 h 43 min

Swiss Market Ends Weak On Tariff Concerns

After opening on a positive note and staying above the flat line till about an hour past noon, the Switzerland market tumbled on Friday, hurt by U.S. President Donald Trump's threat that imports from the European Union will face 50% tariffs from June 1st.

RTTNews | Pred 10 h 35 min

European Stocks Closed Weak On Trump's Fresh Tariff Threat

European stocks closed on a weak note on Friday despite staging a fairly strong recovery past mid afternoon. After staying modestly higher till noon, the major European markets tumbled after U.S. President Donald Trump threatened to impose 50% tariffs on imports from the European Union from June 1st.

RTTNews | Pred 10 h 51 min

TSX Recovers After Early Setback; Materials Stocks Move Higher

After a weak start and a subsequent drop to lower levels, the Canadian market recovered well and is down just marginally a little past noon on Friday. The early setback was due to U.S. President Donald Trump's threat that 50% tariffs will be imposed on imports from the European Union beginning June 1st.

RTTNews | Pred 12 h 0 min

U.S. New Home Sales Spike From Downwardly Revised Level In April

The Commerce Department released a report on Friday showing new home sales in the U.S. in the month of April spiked compared to a significantly downwardly revised level in March. The report said new home sales soared by 10.9 percent to an annual rate of 743,000 in April after jumping by 2.6 percent to a downwardly revised rate of 670,000 in March.

RTTNews | Pred 13 h 33 min

Germany Logs Stronger Growth On Tariff Threats

The German economy grew at a stronger-than-estimated pace in the first quarter as higher tariff threats by the U.S. administration led to the frontloading of orders for the country's goods, lifting exports and industrial production. Gross domestic product grew 0.4 percent, which was double the initial estimate of 0.2 percent, a detailed report from Destatis revealed on Friday.

RTTNews | Pred 14 h 39 min

Bay Street Likely To Open On Negative Note On Tariff Concerns

Canadian shares look headed for a weak start Friday morning as tariff concerns resurfaced after U.S. President Donald Trump threatened 50% tariffs on EU goods from June 1. Weak oil prices could hurt energy stocks and add to market's downside.

RTTNews | Pred 15 h 46 min

FTSE Pares Early Gains, Up Marginally In Cautious Trade

U.K. stocks moved higher Friday morning, reacting to data showing a notable rise in retail sales, and survey showing strong consumer confidence. However, stocks pared gains subsequently in cautious trade and the market was up just marginally a little past noon.

RTTNews | Pred 16 h 48 min

EURUSD	1.13647	GBPUSD	1.35348	AUDUSD	0.64976
USDJPY	142.465	USDCAD	1.37169	USDCHF	0.82053

Advertisement

TSX Ends On Firm Note For 2nd Straight Day