Canadian Market Modestly Lower In Cautious Trade

RTTNews | 659 dagar sedan
Canadian Market Modestly Lower In Cautious Trade

(RTTNews) - Canadian shares are turning in a mixed performance on Wednesday with investors reacting to a slew of quarterly earnings announcements, and looking for directional clues.

Energy and materials shares are extending their losses due to weak commodity prices. Real estate, consumer staples and industrials shares are finding some support.

The benchmark S&P/TSX Composite Index is down 43.34 points or 0.22% at 19,532.26 a few minutes before noon.

Pan American Silver Corp (PAAS.TO) is down more than 7%. Wajax Corporation (WJX.TO) is down 6%. Newmont Corporation (NGT.TO), MEG Energy Corp (MEG.TO), GFL Environmental (GFL.TO), Rogers Communications (RCI.A.TO), CCL Industries (CCL.A.TO) and Imperial Oil (IMO.TO) are down 2 to 4%.

CGI Inc (GIB.A.TO) is down by about 3.5% despite reporting a jump in fourth quarter earnings. CGI reported fourth quarter net earnings of C$414.5 million, up 14.4% compared with the same period last year. Earnings per share were C$1.76 compared to C$1.51 last year, an increase of 16.6%. Net earnings excluding specific items was C$421.2 million, up 12.9%. EPS excluding specific items was C$1.79, up 14.7%.

ATS Corp. (ATS.TO) is soarind 10% after the company reported that its second quarter net income increased to C$50.7 million from C$29.5 million, a year ago. Earnings per share was C$0.51 compared to C$0.32. Adjusted basic earnings per share was C$0.63 compared to C$0.51.

TC Energy (TRP.TO) is gaining about 1.5%. The company reported third-quarter net loss of $0.2 billion or $0.19 per common share compared to net income of $0.8 billion or $0.84 per common share in third quarter 2022.

Hydro One Ltd. (H.TO) reported third-quarter net income of $357 million, compared with $307 million in the year-ago quarter. The stock is down marginally.

On the economic front, data from Statistics Canada showed the total value of building permits in Canada fell sharply by 6.1% from a month earlier to $11.2 billion in September, reversing an upwardly revised 4.3% growth in the prior month.

read more
FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 18 minuter sedan
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 25 minuter sedan
French Stocks Mostly Subdued In Cautious Trade

French Stocks Mostly Subdued In Cautious Trade

The French market is down in negative territory on Friday with investors digesting a slew of economic data, and look ahead to key consumer inflation report from the U.S.
RTTNews | 36 minuter sedan
French Inflation Cools; Economy Expands As Estimated

French Inflation Cools; Economy Expands As Estimated

France's consumer price inflation softened in August on weaker growth in transport costs and the economy logged a faster growth as estimated in the second quarter, official data revealed Friday. Consumer price inflation weakened marginally to 0.9 percent in August from 1.0 percent in July, provisional data from the statistical office INSEE showed.
RTTNews | 1h 2minuter sedan
DAX Down Nearly 0.5% As Investors Focus On Economic Data

DAX Down Nearly 0.5% As Investors Focus On Economic Data

German stocks are down in negative territory in cautious trade on Friday as investors digest the nation's import prices and retail sales data and await U.S. inflation data due later in the day,
RTTNews | 1h 11minuter sedan
European Shares Drift Lower Ahead Of US Inflation Reading

European Shares Drift Lower Ahead Of US Inflation Reading

European stocks traded lower on Friday as investors waited for key U.S. inflation data due later in the day that could provide additional clues on a potential Federal Reserve rate cut in September.
RTTNews | 2h 31minuter sedan
Antipodean Currencies Rise As Traders Await U.S. PCE Inflation Data

Antipodean Currencies Rise As Traders Await U.S. PCE Inflation Data

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, as traders await the July Personal Consumption Expenditures (PCE) price index due later in the day.
RTTNews | 2h 32minuter sedan