TSX Extends Winning Streak To 6th Session, Ends Moderately Higher

RTTNews | 232 ngày trước

(RTTNews) - Riding on gains in technology, financials and consumer discretionary sectors, the Canadian market closed moderately higher on Tuesday, extending gains to a sixth straight session.

Healthcare and energy stocks closed weak, while shares from the rest of the sectors turned in a mixed performance.

Investors digested Canadian inflation data, and assessed the likely impact of the policies of Donald Trump, who took office as the President of the United States on Monday.

Trump, who signed a slew of executive orders after taking charge, signaled imposition of tariffs on imports from Canada and Mexico, but refrained from enacting a policy.

The benchmark S&P/TSX Composite Index ended the session with a gain of 110.05 points or 0.44% at 25,281.63.

Data from Statistics Canada showed the annual inflation rate in Canada eased to 1.8% in December from 1.9% in the previous month. The consumer price index in Canada decreased 0.4% month-over-month in December, after a flat reading in November.

The data also said that the annual core inflation in Canada rose to a six-month high of 1.8% in December, up from 1.6% in the prior month. On a monthly basis, core consumer prices fell by 0.3% in December, following a 0.1% decrease in the previous month.

E-L-Financial Corporation (ELF.TO) and Telesat Corporation (TSAT.TO) closed stronger by 11.3% and 10.4%, respectively. Canadian Tire Corporation (CTC.TO) climbed 5.4%.

Cameco Corporation (CCO.TO), Celestica Inc (CLS.TO) and Calian Group (CGY.TO) gained 3 to 3.3%. MTY Food Group (MTY.TO), Dollarama Inc (DOL.TO), goeasy (GSY.TO), Shopify Inc (SHOP.TO), Constellation Software (CSU.TO), CCL Industries (CCL.B.TO), West Fraser Timber (WFG.TO), Descartes Systems Group (DSG.TO), Wheaton Precious Metals (WPM.TO) and Imperial Oil (IMO.TO) advanced 1.5 to 3%.

Hut 8 Corp (HUT.TO), Bombardier Inc (BBD.B.TO), Cenovus Energy (CVE.TO), Cargojet (CJT.TO) and MEG Energy Corp (MEG.TO) declined 4 to 6.5%.

First Quantum Minerals (FM.TO), Boralex (BLX.TO), Canadian Natural Resources (CNQ.TO), Cogeco Inc (CGO.TO) and TC Energy Corp (TRP.TO) also closed notably lower.

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.

RTTNews | 23 phút trước

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.

RTTNews | 3h 36phút trước

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.

RTTNews | 3h 58phút trước

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.

RTTNews | 5h 17phút trước

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.

RTTNews | 5h 26phút trước

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.

RTTNews | 6h 0phút trước

Sensex, Nifty Close On Firm Note Again

Indian stocks closed on a positive note on Wednesday, extending previous session's gains, amid expectations of further reduction in GST rates, and hopes of a larger than expected interest rate cut by the Federal Reserve.

RTTNews | 6h 49phút trước

FTSE 100 Remains Steady ; ABF Tanks On Sales Warning

The U.K. market is modestly higher in late morning trades on Wednesday, with select frontline stocks finding good support. Movements are a bit lackluster with investors awaiting U.S. inflation data due later in the week.

RTTNews | 7h 16phút trước

EURUSD	1.1704	GBPUSD	1.35343	AUDUSD	0.6621
USDJPY	147.342	USDCAD	1.38665	USDCHF	0.79902