Canadian Market Down Firmly In Negative Territory

RTTNews | 175 dagar sedan
Canadian Market Down Firmly In Negative Territory

(RTTNews) - The Canadian market, which retreated after a positive start Monday morning, continues to languish in negative territory well past noon, with stocks from technology and energy sectors reeling under selling pressure.

Worries about new tariffs by the Trump administration, and data showing a sharp contraction in Canadian manufacturing activity in the month of February are weighig on sentiment.

The S&P Global Canada Manufacturing PMI fell to 47.8 in February of 2025 from 51.6 in the previous month, contrasting sharply with market expectations of 51.9. The result pointed to the first decline in factory activity since August of last year and the sharpest since December 2023.

On the tariff front, U.S. Commerce Secretary Howard Lutnick on Sunday said that the tariffs on Mexico and Canada will go into effect as scheduled on Tuesday, but Trump will determine their exact levels before implementation.

The benchmark S&P/TSX Composite Index was down 216.12 points or 0.85% at 25,177.23 a little while ago.

Celestica Inc is plunging 11.6%. Source Energy is plunging 8.4% and E-L-Financial Corporation is down 8%. Interfor Corporation, Vermilion Energy, Paramount Resources, MEG Energy, Precision Drilling Corporation, Cenovus Energy, Cameco Corporation and Nutren are down 5 to 7.5%.

TFI International, MDA Space, Suncor Energy, Methanex Corporation, Canadian Natural Resources, TerraVest Industries, ARC Resources, Shopify Inc., Cargojet and Bombardier Inc are down 2 to 4.7%.

Among the gainers, Stella-Jones is rising 4.5%, Chorus Aviation is up 4.3%, GFL Environmental is up 3.7%, Aya Gold & Silver is up 3.5, and Canadian Tire Corproation is rising 3.4%.

GDI Integrated, Docebo Inc., Pet Valu Holdings, Alamos Gold, Quebecor Inc., ATCO, Waste Connections, Endeavour Mining, Kinaxis, AltaGas and Sun Life Financial are up 1.2 to 3.4%.

read more
Japan Stock Market May Spin Its Wheels On Tuesday

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.
RTTNews | 15 minuter sedan
KOSPI May Run Out Of Steam On Tuesday

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
RTTNews | 31 minuter sedan
RBA Minutes On Tap For Tuesday

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its August 12 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | 1h 31minuter sedan
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.
RTTNews | 5h 29minuter sedan
European Markets Close Weak After Cautious Session

European Markets Close Weak After Cautious Session

European stocks closed on a weak note on Monday after a cautious session as investors awaited key inflation data from major economies in the region, and looked for more details about U.S. - EU trade deal.
RTTNews | 5h 49minuter sedan
Canadian Market Down More Than 0.5% On Profit Taking

Canadian Market Down More Than 0.5% On Profit Taking

After opening slightly down, the Canadian market slipped deeper into the red on Monday, weighed down by losses in healthcare, consumer staples, utilities and materials sectors.
RTTNews | 6h 29minuter sedan
U.S. New Home Sales Pull Back From Upwardly Revised Level In July

U.S. New Home Sales Pull Back From Upwardly Revised Level In July

New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.
RTTNews | 8h 13minuter sedan