Canadian Market Ends On Firm Note

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(RTTNews) - The Canadian market ended on a firm note on Thursday, extending recent gains, as dovish comments from the Federal Reserve, signaling a series of interest rate cuts next year, continued to aid sentiment. Higher crude oil and bullion prices helped as well.

The Fed left interest rates unchanged on Wednesday as widely expected, and signaled plans to cut interest rates three times next year.

The benchmark S&P/TSX Composite Index ended with a gain of 149.35 points or 0.72% at 20,778.80. The index touched a high of 20,842.41 in the session, less than point off the 52-week high of 20,843.21.

Energy, utilities, healthcare, technology, financials, real estate and materials shares moved higher. Consumer staples and communications stocks closed weak.

BRP Inc (DOO.TO) surged 8.25%. Goeasy (GSY.TO), Magna International (MG.TO), Brookfield Infrastructure (BIPC.TO), Teck Resources (TECK.B.TO), Linamar Corporation (LNR.TO) and Shopify Inc (SHOP.TO) gained 4.2 to 7%.

Colliers International (CIGI.TO), Cargojet (CJT.TO), Precision Drilling Corporation (PD.TO), Canadian Tire Corporation (CTC.A.TO), TFI International (TFII.TO) and Franco-Nevada Corporation (FNV.TO) gained 2 to 4%.

Cenovus Energy Inc. (CVE.TO) gained about 2.5%. The company announced that it expects to invest capital between C$4.5 billion and C$5.0 billion.

Empire Company Ltd. (EMP.A.TO) shares plunged more than 11%. the company reported adjusted net earnings of $178.3 million ($0.71 per share) for the second-quarter, compared to $189.9 million ($0.73 per share) in the year-ago quarter.

Transat A.T. Inc (TRZ.TO) ended nearly 3% down. The company reported fourth-quarter net income of $3.2 million ($0.08 per share), compared with a net loss of $126.2 million ($3.32 per share) for the corresponding quarter of last year.

Stella-Jones (SJ.TO), Loblaw Companies (L.TO), Metro Inc (MRU.TO), Dollarama Inc (DOL.TO), George Weston (WN.TO), Descartes Systems Group (DSG.TO), Thomson Reuters (TRI.TO) and Alimentation Couche-Tard (ATD.TO) lost 3 to 6%.

On the economic front, data from Statistics Canada showed manufacturing sales in Canaa dropped by 2.8% from a month earlier to C$ 71 billion in October, following an upwardly revised 0.7% gain in September.

Car registrations in Canada decreased to 151,144 units in October from 163,187 units in September, data from Statistics Canada showed.

Sensex, Nifty Marginally Higher Ahead Of US-Russia Talks

Indian shares were marginally higher in early trade on Thursday, mirroring mostly positive cues from global markets ahead of the August 15 meeting between the U.S. President Donald Trump and his Russian counterpart Vladimir Putin.

RTTNews | 24 minuter sedan

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level to fresh all-time highs, with gains in mining, energy and financial stocks.

RTTNews | 1h 12minuter sedan

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, on continued optimism over the outlook for interest rates, with the US Fed widely expected to lower rates by a least a quarter point next month. Asian markets closed mostly higher on Wednesday.

RTTNews | 1h 44minuter sedan

Sensex, Nifty Seen Flat To Lower At Open

Indian shares may open flat to slightly lower on Thursday despite mostly positive cues from global markets.

RTTNews | 2h 4minuter sedan

Thai Stock Market May Tick Higher Again On Thursday

The Thai stock market bounced higher again on Wednesday, one session after ending the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,275-point plateau and it may add to its gains from the previous session.

RTTNews | 2h 43minuter sedan

Win Streak May Continue For Indonesia Stock Market

The Indonesia stock market has tracked higher in four straight sessions, improving more than 400 points or 5.3 percent along the way. The Jakarta Composite Index now sits just above the 7,890-point plateau and it's expected to open higher again on Thursday.

RTTNews | 3h 13minuter sedan

Japanese Market Significantly Lower

The Japanese market is trading significantly lower on Thursday, snapping the seven-session winning streak, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 42,900 level, with weakness in index heavyweights, exporters and technology stocks partially offset by gains in financial stocks.

RTTNews | 3h 18minuter sedan

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time highs, with gains in mining, energy and financial stocks.

RTTNews | 3h 39minuter sedan

EURUSD	1.17043	GBPUSD	1.35767	AUDUSD	0.65517
USDJPY	146.419	USDCAD	1.37581	USDCHF	0.80527