TSX Settles Modestly Higher As Technology, Telecom Stocks Move Up

RTTNews | 173 วันที่ผ่านมา

(RTTNews) - The Canadian market closed on a firm note on Thursday, supported by gains in communications, real estate and technology sectors amid slightly easing worries about global trade war after U.S. President Donald Trump refrained from imposing any reciprocal tariffs on foreign nations for now.

Investors largely tracked quarterly earnings news for direction.

The benchmark S&P/TSX Composite Index settled with a gain of 135.40 points or 0.53% at 25,698.51.

The Information Technology Capped Index climbed nearly 2%. Shopify Inc (SHOP.TO) rallied 5.2%. Docebo Inc (DCBO.TO), Descartes Systems (DSG.TO) and Constellation Software (CSU.TO) gained 1.7 to 2%. Bitfarms (BITF.TO) gained 2.6%.

Telecom stock Telus Corp (T.TO) gained about 3.75%. Telus reported fourth-quarter net income of $320 million, compared with net income of $310 million in the year-ago quarter.

Rogers Communications (RCI.B.TO) closed 1.2% up, while BCE Inc (BCE.TO), Cogeco Communications (CCA.TO) and Quebecor Inc (QBR.B.TO) posted moderate gains.

Real estate stocks Smartcentres Real Estate, Choice Properties, Riocan Real Estate, Crombie Real Estate Investment, Firstservice Corp and Primaris REIT gained 1.2 to 3%.

Molson Coors Canada (TPX.B.TO), Ero Copper (ERO.TO), First Quantum Minerals (FM.TO), WSP Global (WSP.TO), Brookfield Asset Management (BAM.TO) and BRP Inc (DOO.TO) were some of the other notable gainers in the session.

Calian Group (CGY.TO) tanked 9.5%. The company reported stronger-than-expected adjusted earnings of $10.5 million, or $0.88 per diluted share for the first quarter. However, the stock is tumbling 9%.

Sun Life Financial (SLF.TO) declined sharply after fourth-quarter results fell short of expectations.

Mullen Group (MTL.TO), Kinross Gold (K.TO), Coveo Solutions (CVO.TO), Dye & Durham (DND.TO), West Fraser Timber (WFG.TO) and Enerflex (EFX.TO) were among other notable losers.

European Stocks Close Mostly Higher On Earnings, Fed Rate Cut Hopes

European stocks closed mostly higher on Wednesday, thanks largely to some strong corporate earnings updates, and expectations of an interest rate reduction by the Federal Reserve in September.

RTTNews | 16 นาทีที่ผ่านมา

Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian stocks are up firmly in positive territory on Wednesday, and the benchmark S&P/TSX Composite Index stays high up after hitting a fresh record. Rising optimism about a rate cut by the Federal Reserve in September, firm oil prices and some upbeat corporate earnings announcements are contributing to the positive mood in the market.

RTTNews | 1 ชม. 6 นาทีที่ผ่านมา

India Holds Key Interest Rates Steady As Trade Tensions Escalate

The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.

RTTNews | 3 ชม. 38 นาทีที่ผ่านมา

Bay Street Looks Set To Extend Upmove

Canadian shares look headed for a positive start on Wednesday, riding on some impressive corporate earnings updates, and higher oil prices. The focus will also be on the developments on the trade front.

RTTNews | 5 ชม. 6 นาทีที่ผ่านมา

Eurozone Retail Sales Recover In June

Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday. Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.

RTTNews | 5 ชม. 16 นาทีที่ผ่านมา

Euro Rises As European Shares Traded Higher

The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher despite weak factory orders data from Germany and fresh tariff threats from U.S. President Donald Trump on pharma and chips. Some upbeat earnings announcements and expectations of a Fed interest rate cut next month appear to be aiding sentiment.

RTTNews | 5 ชม. 49 นาทีที่ผ่านมา

Disney Lifts FY25 EPS View After Q3 Profit Beats Market; ESPN In Deal With WWE, NFL

Media and entertainment major Walt Disney Co. (DIS) on Wednesday raised fiscal 2025 outlook for earnings.above the Street after reporting significantly higher profit in its third quarter, above market estimates. Meanwhile, revenues missed the market view, despite reporting a growth. Separately, Disney announced that its unit ESPN has signed a landmark rights agreement with WWE.

RTTNews | 6 ชม. 6 นาทีที่ผ่านมา

Dynatrace Boosts FY26 Outlook - Update

While reporting financial results for the first quarter on Wednesday, software intelligence provider Dynatrace, Inc. (DT) provided its adjusted earnings and revenue guidance for the second quarter and raised its outlook for the full-year 2026.

RTTNews | 6 ชม. 11 นาทีที่ผ่านมา

EURUSD	1.16511	GBPUSD	1.33556	AUDUSD	0.65041
USDJPY	147.274	USDCAD	1.37403	USDCHF	0.80674

Advertisement

TSX Settles Modestly Higher As Technology, Telecom Stocks Move Up