Canadian Stocks Close Lower As Growth Worries Weigh

RTTNews | 722 dagar sedan
Canadian Stocks Close Lower As Growth Worries Weigh

(RTTNews) - The Canadian market ended notably lower on Tuesday, hurt by losses in materials, utilities, communications and consumer discretionary sectors.

Several stocks from technology and financials sectors too ended on a weak note.

Worries about global economic slowdown weighed on the market. Chinese services activity expanded at the slowest pace in eight months in August, a private-sector survey showed earlier today.

Business activity in the euro zone weakened further in August as the economic downturn extended from manufacturing to the services sector.

HCOB's final Composite Purchasing Managers' Index (PMI), compiled by S&P Global, dropped to 46.7 in August from July's 48.6, marking the lowest level since November 2020.

The benchmark S&P/TSX Composite Index ended down by 131.60 points or 0.64% at 20,413.76, near the day's low.

First Quantum Minerals (FM.TO) ended nearly 6% down. Wheaton Precious Metals (WPM.TO), Canadian Tire Corporation (CTC.A.TO), Cargojet (CJT.TO), BRP Inc (DOO.TO), Franco-Nevada Corporation (FNV.TO), Canadian National Railway (CNR.TO), goeasy (GSY.TO) and TFI International (TFII.TO) lost 1 to 3%.

Pan American Silver Corp (PAAS.TO), Capstone Mining Corp (CS.TO), Torex Gold Resources (TXG.TO), Equinox Gold Corp (EQX.TO), Filo Mining Corp (FIL.TO), Lundin Gold (LUG.TO) and Osisko Gold Royalties (OR.TO) lost 3.3 to 6%.

Laurentian Bank of Canada (LB.TO) climbed 5%. Metro Inc (MRU.TO), Stantec (STN.TO) and Canadian Natural Resources (CNQ.TO) also posted strong gains.

read more
U.S. Pending Home Sales Fall More Than Expected In July

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
RTTNews | 47 minuter sedan
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | 57 minuter sedan
U.S. Economy Surges More Than Previously Estimated In Q2

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
RTTNews | 1h 20minuter sedan
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | 1h 26minuter sedan
Switzerland Logs Weaker Growth, Trims 2026 Outlook

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
RTTNews | 2h 32minuter sedan
U.S. Weekly Jobless Claims Edge Down To 229,000

U.S. Weekly Jobless Claims Edge Down To 229,000

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd.
RTTNews | 2h 44minuter sedan