Bay Street Seen Opening On Firm Note

RTTNews | 615 ngày trước
Bay Street Seen Opening On Firm Note

(RTTNews) - Canadian shares look set to end on a positive note Friday morning, tracking firm European markets and higher commodity prices. A drop in bond yields is also expected to aid sentiment.

Data on Canadian producer prices and raw materials prices for the month of October are due at 8:30 AM ET.

Industrial producer prices in Canada rose by 0.4% over a month in September 2023, easing from an upwardly revised 1.9% hike in August. Yearly, producer prices soared by 0.6% in September, from an upwardly revised flat reading in the previous month

The Raw Materials Price Index in Canada rose by 3.5% month-over-month in September 2023, accelerating from a 3% increase in August. Year-on-year, raw materials prices advanced by 2.4% in September, marking the first increase since January 2023.

In company news, Canopy Growth Corporation (WEED.TO) has announced that the Ontario Superior Court of Justice has approved two transactions to sell all or substantially all of the assets of BioSteel Canada and BioSteel Manufacturing, LLC. Canopy Growth expects the proceeds will improve the company's balance sheet.

Real Matters Inc. (REAL.TO) reported fourth-quarter net income of US$1.6 million, or US$0.02 per diluted share, as compared with a loss of US$10 million, or US$0.14 per diluted share, a year earlier.

The Canadian market ended flat on Thursday after moving in a tight band in cautious trade amid lingering concerns about global economic slowdown.

The benchmark S&P/TSX Composite Index ended down 4.82 points or 0.02% at 20,053.07, after five successive days of gains.

Asian stocks ended lower on Friday as softer U.S. data and declining oil prices stoked concerns about the global economic outlook.

European markets are up firmly in positive territory today with investors picking up stocks amid expectations that the Federal Reserve may announce two rate cuts next year to support growth.

In commodities, West Texas Intermediate Crude oil futures are up $1.00 or 1.37% at $73.90 a barrel.

Gold futures are gaining $4.30 or 0.23% at $1,991.60 an ounce, while Silver futures are up $0.182 or 0.76% at $24.115 an ounce.

read more
U.S. New Home Sales Rebound Much Less Than Expected In June

U.S. New Home Sales Rebound Much Less Than Expected In June

After reporting a steep drop by new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing a modest rebound by new home sales in the month of June. The Commerce Department said new home sales rose by 0.6 percent to an annual rate of 627,000 in June after plummeting by 11.6 percent to a rate of 623,000 in May.
RTTNews | 1h 25phút trước
U.S. Initial Jobless Claims Unexpectedly Dip To 217,000

U.S. Initial Jobless Claims Unexpectedly Dip To 217,000

The Labor Department released a report on Thursday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended July 19th. The report said initial jobless claims edged down to 217,000, a decrease of 4,000 from the previous week's unrevised level of 221,000. Economists had expected jobless claims to rise to 227,000.
RTTNews | 2h 7phút trước
ECB Leaves Rates Unchanged As Expected

ECB Leaves Rates Unchanged As Expected

The European Central Bank held its key interest rates steady on Thursday, in line with expectations, as policymakers assessed that price pressures continue to ease, but acknowledged that the economic environment remains highly uncertain mainly due to the trade tariff wars.
RTTNews | 2h 51phút trước
UK Private Sector Growth Moderates On Services Activity

UK Private Sector Growth Moderates On Services Activity

UK private sector output continued to grow in July but the pace of expansion moderated as services activity lost momentum, flash survey results from S&P Global revealed on Thursday. The composite output index slid to 51.0 in July from 52.0 in June. The reading was also above the forecast of 51.9.
RTTNews | 3h 32phút trước
Bay Street Likely To Open On Mixed Note; Trade Talks, Earnings In Focus

Bay Street Likely To Open On Mixed Note; Trade Talks, Earnings In Focus

Canadian shares are likely to open on a mixed note Thursday morning with investors focusing on trade talks between Canadian and U.S. officials, and reacting to the latest batch of economic data. The focus will also be on U.S. President Donald Trump's visit to the Federal Reserve today. Ahead of next week's policy meeting of the Fed, the visit looks significant.
RTTNews | 4h 3phút trước
Eurozone Private Sector Growth At 11-Month High

Eurozone Private Sector Growth At 11-Month High

The euro area private sector grew at the fastest pace in almost a year in July as the recession in the manufacturing sector is coming to an end, flash survey results from S&P Global revealed Thursday. The HCOB composite output index posted 51.0 in July, up from 50.6 in the previous month. A score above 50.0 signals expansion.
RTTNews | 4h 6phút trước
Honeywell Lifts FY25 Outlook Above Markt After Q2 Beats Street

Honeywell Lifts FY25 Outlook Above Markt After Q2 Beats Street

Honeywell International Inc. (HON), which is preparing to separate into three public companies, on Thursday lifted its fiscal 2025 outlook for earnings and revenues after reporting higher second-quarter results above market estimates. In pre-market activity on the Nasdaq, Honeywell shares were losing around 1.4 percent.
RTTNews | 5h 27phút trước
FTSE 100 Up Nearly 1% On Encouraging Earnings Updates

FTSE 100 Up Nearly 1% On Encouraging Earnings Updates

U.K. stocks are up firmly in positive territory Thursday morning amid easing concerns about trade, as the U.S. and EU appear set to strike a deal sometime soon. Investors are also reacting to earnings updates and the latest batch of regional economic data.
RTTNews | 6h 1phút trước