Canadian Shares Turning In Mixed Performance

RTTNews | 1071 วันที่ผ่านมา
Canadian Shares Turning In Mixed Performance

(RTTNews) - Canadian shares are turning in a mixed performance on Wednesday with investors digesting the data on inflation and reacting to earnings updates and geopolitical news.

The mood is largely cautious as investors continue to weigh the prospects of interest rate hikes by the Federal Reserve in the coming months.

Consumer staples, industrials and consumer discretionary stocks are up with notable gains. Several stocks from communications and utilities sections are also higher, while healthcare and energy stocks are weak.

The benchmark S&P/TSX Composite Index is down 12.72 points or 0.06% at 19,982.06 a few minutes before noon. Earlier, the index had dropped to a low of 19,897.26.

Data from Statistics Canada showed Canada's annual inflation rate came in unchanged at 6.9% in October, and that was in line with expectations.

The core inflation rate slowed to 5.8% from 6% in the previous period. On a monthly basis, consumer prices rose by 0.7%, picking up from 0.1% in September.

A report from Canada Mortgage and Housing Corporation showed housing starts in Canada dropped by 11% over month earlier to 267,055 units in October.

Stelco Holdings (STLC.TO) is soaring 12.5%. The company reported adjusted net income of $163 million and adjusted net income per share of $2.40 in the third quarter of this financial year, down 74% from Q3 2021 and 54% from Q2 2022.

Restaurant Brands International (QSR.TO) is rising 7%. Canadian Pacific Railway (CP.TO), Fairfax Financial Holdings (FFH.TO), Empire Company (EMP.A.TO), Bombardier Inc (BBD.B.TO), Emera Inc (EMA.TO) and George Weston (WN.TO) are gaining 2 to 3%.

Loblaw Companies Ltd. (L.TO) shares are climbing 2.6%. Loblow reported adjusted net earnings of $663 million in the third quarter of this financial year, an increase of $123 million, or 22.8%, over the year-ago quarter.

Metro Inc (MRU.TO) shares are up more than 2%. The company reported net earnings of $168.7 million in the fourth quarter, down 13.0% from a year ago. Adjusted net earnings came in at $219 .4 million in the latest quarter, up 9.4% over the year-ago quarter.

Nuvei Corporation (NVEI.TO), Goeasy (GSY.TO), Paramount Resources (POU.TO), Vermilion Energy (VET.TO), Shopify Inc (SHOP.TO) and Methanex Corporation (MX.TO) are down 2.5 to 4.8%.

read more
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese market is sharply lower on Thursday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 48,700 level, with weakness across most sectors led by index heavyweights and technology stocks.
RTTNews | 1 ชม. 17 นาทีที่ผ่านมา
Indonesia Stock Market May Extend Wednesday's Losses

Indonesia Stock Market May Extend Wednesday's Losses

The Indonesia stock market on Wednesday snapped the two-day winning streak in which it had jumped more than 310 points or 3.9 percent along the way. The Jakarta Composite Index now rests just above the 8,150-point plateau and it's likely to open in the red again on Thursday.
RTTNews | 1 ชม. 19 นาทีที่ผ่านมา
Lower Open Predicted For Hong Kong Stock Market

Lower Open Predicted For Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up more than 775 points or 2.8 percent. The Hang Seng Index now rests just above the 25,780-point plateau and it's looking at another soft start again on Thursday.
RTTNews | 1 ชม. 34 นาทีที่ผ่านมา
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, adding to the losses in the previous two sessions following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 9,000 mark, with weakness in iron ore miners, financial and technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 1 ชม. 46 นาทีที่ผ่านมา
China Bourse May Extend Wednesday's Losses

China Bourse May Extend Wednesday's Losses

The China stock market on Wednesday ended the two-day winning streak in which it had advanced more than 75 points or 1.9 percent. The Shanghai Composite Index now sits beneath the 3,915-point plateau and the losses may accelerate on Thursday.
RTTNews | 1 ชม. 49 นาทีที่ผ่านมา
More Pain Predicted For Taiwan Stock Market

More Pain Predicted For Taiwan Stock Market

The Taiwan stock market on Wednesday wrote a finish to the two-day winning streak in which it had collected more than 450 points or 1.7 percent. The Taiwan Stock Exchange now sits just beneath the 27,650-point plateau and it's expected to open under pressure again on Thursday.
RTTNews | 2 ชม. 19 นาทีที่ผ่านมา
Rally May Stall For Singapore Stock Market

Rally May Stall For Singapore Stock Market

The Singapore stock market has moved higher in back-to-back sessions, collecting more than 65 points or 1.5 percent along the way. The Straits Times Index now rests just above the 4,390-point plateau although it may run out of steam on Thursday.
RTTNews | 2 ชม. 49 นาทีที่ผ่านมา