TSX Ends Moderately Lower

RTTNews | 833 ngày trước

(RTTNews) - The Canadian market ended moderately lower on Thursday, pushed down by losses in healthcare, consumer discretionary, industrials and financials sectors.

Several stocks from consumer staples, communications and energy sections too posted sharp losses, while technology stocks turned in a fine performance.

Worries about the health of the banking sector, and a potential recession in the U.S. weighed on sentiment.

The benchmark S&P/TSX Composite Index ended with a loss of 116.49 points or 0.57% at 20,238.19, sliding from a high of 20,444.18.

Bank of Montreal (BMO.TO), Canadian Natural Resources (CNQ.TO), Canadian Imperial Bank of Commerce (CM.TO) and Manulife Financial Corporation (MFC.TO) lost 1.9 to 3.2% on huge volumes.

AutoCanada (AC.TO) tumbled more than 17%. Gildan Activewear (GIL.TO) ended 7.7% down, while Nutrien (NTR.TO) and Bombardier Inc (BBD.B.TO) ended lower by 6.3% and 6%, respectively.

BRP Inc (DOO.TO), Thomson Reuters (TRI.TO), Constellation Software (CSU.TO), CGI Inc (GIB.A.TO), TFI International (TFII.TO), Kinaxis Inc (KXS.TO) and George Weston (WN.TO) also declined sharply.

Shopify Inc (SHOP.TO) soared 23.1%. Shopify posted adjusted operating loss of $31 million or 2% of revenue in the first quarter, compared with adjusted operating income of $32 million or 3% of revenue in the first quarter of 2022.

Shopify has entered into a definitive agreement to sell the majority of its logistics business to Flexport, a leading tech-driven global logistics platform.

SSR Mining (SSRM.TO) rallied nearly 9%. Endeavour Mining (EDV.TO), Agnico Eagle Mines (AEM.TO) and Newmont Corporation (NGT.TO) gained 3.2 to 4%. Aritzia climbed 2.1% and CCL Industries (CCL.A.TO) advanced 2%.

On the economic front, data released by Statistics Canada showed Canada posted a trade surplus of C$ 0.97 billion in March 2023, swinging from a revised deficit of C$ 0.49 billion in the prior month.

Imports slumped 2.9% over a month to a one-year low of C$ 62.6 billion, while exports dropped by 0.7% to an over one-year low of C$ 63.6 billion, the data showed.

Canadian Market Remains In Negative Territory After Weak Start

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RTTNews | 1h 45phút trước

Swiss Market Ends Modestly Higher After Mild Struggle

The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.

RTTNews | 2h 10phút trước

Major European Markets Close On Positive Note

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RTTNews | 2h 26phút trước

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.

RTTNews | 4h 53phút trước

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.

RTTNews | 5h 26phút trước

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe

RTTNews | 6h 7phút trước

Bay Street Likely To Open On Mixed Note

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RTTNews | 6h 38phút trước

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.

RTTNews | 6h 42phút trước

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