Canadian Market Set To End On Buoyant Note

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(RTTNews) - The Canadian market is up firmly Friday afternoon and looks well on course to end the day's session on a buoyant note, with stocks from across several sectors holding firm thanks to sustained buying interest.

Technology stocks are turning in a fine performance, lifting the Information Technology Capped Index up by about 2.55%. Financials, energy, healthcare, industrials and real estate stocks are the other major gainers.

The benchmark S&P/TSX Composite Index is up 334.31 points or 1.38% at 24,537.54 with less than an hour to go for the closing bell.

NFI Group shares are up more than 20%. The company reported fourth quarter net earnings of $18.6 million, an increase of $20.9 million. Net earnings per share came in at $0.16.

Telesat Corporation is zooming 14% and Mattr Corp is up 13%. Celestica, Dayforce, goeasy, Shopify Inc., Cargojet, Calian Group, ATS Corporation, iA Financial Corporation, Teck Resources and Kinaxis are up 3 to 6%.

Wheaton Precious Metals gained about 1%. The company reported adjusted net earnings of $198.97 million for the fourth quarter of 2024, compared with $164.57 million a year ago.

Brookfield Corporation, FirstService Corporation, Fairfax Financial Holdings, WSP Global, Methanex Corp., Brookfield Asset Management, Bombardiers and Toromont Industries are also up with strong gains.

BCE, Quebecor Inc., Seabridge Gold, Endeavour Mining, Tourmaline Oil Corp. and Tecsys Inc. are down 1.4 to 4%.

On the economic front, data from Statistics Canada said manufacturing sales in Canada rose 1.7% month-over-month in January 2025, following an upwardly revised 0.5% increase in the prior month. This marked the fourth consecutive month of increases in manufacturing sales.

Wholesale sales in Canada rose by 1.2% from the previous month in January of 2025, revised lower from the preliminary estimate of 1.8% but picking up from the 0.3% increase in the earlier period.

New Motor Vehicle Sales in Canada decreased to 121,628 units in January from 135,511 units in December of 2024. It is the lowest level in about a year.

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red 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 | 39 minuter sedan

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 1h 6minuter sedan

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start 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 | 1h 9minuter sedan

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure 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 | 1h 24minuter sedan

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 1h 26minuter sedan

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1h 39minuter sedan

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside 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. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 2h 9minuter sedan

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains 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 | 2h 38minuter sedan

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