Canadian Market Up Firmly In Positive Territory

RTTNews | 411 dagar sedan

(RTTNews) - Canadian stocks are up in positive territory around noon on Friday, tracking firm U.S. stocks after a closely watched inflation data from the Commerce Department has added to confidence about an interest rate cut by the Federal Reserve in September.

Technology stocks are up, bouncing back from recent losses. Healthcare, real estate, industrials, financials and materials shares are among the other notable gainers. Energy stocks are weak, while shares from the rest of the sectors are turning in a mixed performance.

The benchmark S&P/TSX Composite Index is up 156.10 points or 0.69% at 22,764.13 a few minutes before noon.

Winpak Ltd. (WPK.TO) is gaining 5.4%. Celestica Inc (CLS.TO) is rising 4.3%. Newmont Corporation (NGT.TO), West Fraser Timber (WFG.TO), BRP Inc (DOO.TO) and Colliers International (CIGI.TO) are up 2.3 to 3.2%.

WSP Global (WSP.TO), Canadian National Railway (CNR.TO), Constellation Software (CSU.TO), Intact Financial Corporation (IFC.TO), Fairfax Financial Holdings (FFH.TO), Franco-Nevada Corporation (FNV.TO) and goeasy (GSY.TO) are up 1 to 2%.

Advantage Energy (AAV.TO) is down 6.7%. Bombardier Inc (BBD.A.TO), Premium Brands Holdings Corporation (PBH.TO), Linamar Corporation (LNR.TO) and George Weston (WN.TO) are down 0.8 to 1.6%.

Canfor Corp (CFP.TO) announced on Thursday that its adjusted loss widened to $168.7 million, or $1.42 per share, in the second quarter, from $44.3 million, or $0.36 per share, last year. The stock is down marginally.

Eldorado Gold Inc., (ELD.TO) is gaining 3.5% after reporting adjusted earnings of US$66.6 million for the second-quarter, up from US$9.7 million in the year-ago quarter.

MEG Energy Corp (MEG.TO) is down nearly 1%. The company reported net earnings of $234 million for the first-half of the current financial year, compared to $217 million in the first-half of 2023.

On the economic front, a report from the Canadian Federation of Independent Business said the Canada Business Barometer, a long-term index reflecting 12-month forward expectations for business performance in the country, dipped to 55.4 in July, down marginally from a downwardly revised 56.0 in the previous month.

A report from Statistics Canada said wholesale sales in Canada declined by 0.6% month-over-month in June, following a 0.8% decline in May, according to preliminary estimates.

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Wednesday.

RTTNews | 1h 56minuter sedan

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.

RTTNews | 4h 45minuter sedan

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.

RTTNews | 5h 15minuter sedan

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.

RTTNews | 8h 28minuter sedan

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.

RTTNews | 8h 50minuter sedan

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.

RTTNews | 10h 9minuter sedan

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.

RTTNews | 10h 18minuter sedan

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.

RTTNews | 10h 52minuter sedan

EURUSD	1.17027	GBPUSD	1.35351	AUDUSD	0.66159
USDJPY	147.344	USDCAD	1.38616	USDCHF	0.79876