TSX Posts New Closing High On Widespread Buying

RTTNews | 564 ngày trước
TSX Posts New Closing High On Widespread Buying

(RTTNews) - The Canadian market ended on a strong note on Friday, with stocks from across several sectors moving higher on sustained buying interest. The mood was quite positive right through the day's session with investors digesting the jobs data from the U.S. and Canada.

The benchmark S&P/TSX Composite Index ended with a gain of 212.59 points or 0.96% at 22,264.38 a new closing high. The index touched a new intraday high of 22,316.92. It gained about 0.43% in the week.

Materials, consumer staples, technology, energy, healthcare, consumer discretionary and real estate stocks were among the major gainers.

Newmont Corporation (NGT.TO) gained about 5.5%. Methanex Corporation (MX.TO), Kinaxis Inc (KXS.TO), Dollarama Inc (DOL.TO), Franco-Nevada Corporation (FNV.TO), Agnico Eagle Mines (AEM.TO), Constellation Software (CSU.TO) and EQB Inc (EQB.TO) gained 2.5 to 4%.

George Weston (WN.TO), Fairfax Financial Holdings (FFH.TO), goeasy (GSY.TO), Royal Bank of Canada (RY.TO), Loblaw Companies (L.TO) and FirstService Corporation (FSV.TO) advanced 1 to 2%.

Canopy Growth Corporation (WEED.TO), B2Gold Corp (BTO.TO), Lundin Mining Corporation (LUN.TO), Barrick Gold Corporation (ABX.TO), Kinross Gold Corporation (K.TO), Royal Bank of Canada (RY.TO) and Canadian Natural Resources (CNQ.TO) moved up sharply on strong volumes.

Data from Statistics Canada showed employment in Canada edged down by 2,200 jobs in March, following a 40,700 gain in February. Economists had expected an addition of 25,000 jobs in March.

Meanwhile, the unemployment rate in Canada jumped to 6.1% in March from 5.8% in the previous month. The 6.1% reading is the highest since October of 2021. Economists had expected the unemployment rate to come in at 5.9%.

Average hourly wages in Canada rose 5% in March, after rising 4.9% in the previous month.

A report from the Ivey Business School said the Ivey Purchasing Managers Index in Canada increased to 57.5 in March, up from 53.9 in February, rising for the eighth consecutive month. The figure was also the highest in a year.

The U.S. Labor Department said non-farm payroll employment spiked by 303,000 jobs in March after surging by a downwardly revised 270,000 jobs in February. Economists had expected employment to jump by 200,000 jobs compared to the addition of 275,000 jobs originally reported for the previous month.

The report also said the unemployment rate edged down to 3.8% in March from 3.9% in February, while economists had expected the unemployment rate to come in unchanged.

The Labor Department said the annual rate of wage growth slowed to 4.1% in March from 4.3% in February, in line with estimates.

read more
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian stocks may open on a mixed note on Wednesday, tracking commodity prices and quarterly earnings announcements. The mood is likely to remain cautious amid tariff concerns, and uncertainty about the outlook for interest rate cuts next week.
RTTNews | 3h 19phút trước
Bank Indonesia Unexpectedly Holds Rate Steady At 4.75%

Bank Indonesia Unexpectedly Holds Rate Steady At 4.75%

Indonesia's central bank unexpectedly kept its key interest rate unchanged on Wednesday after three consecutive reductions as policymakers assess the impact of the previous easing. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to hold the BI rate at 4.75 percent. The bank was expected to cut the rate by 25 basis points.
RTTNews | 3h 24phút trước
FTSE 100 Rises Nearly 1% On Soft Inflation Data

FTSE 100 Rises Nearly 1% On Soft Inflation Data

The U.K. market is up in positive territory on Wednesday, outperforming other major markets in Europe, thanks to softer-than-expected consumer price inflation data.
RTTNews | 4h 50phút trước
UK Consumer Prices Rise Less Than Forecast

UK Consumer Prices Rise Less Than Forecast

UK consumer prices rose less than expected and food inflation eased for the first time in six months in September, raising hopes that the Bank of England could reduce interest rates this year. Consumer prices logged an annual growth of 3.8 percent in September, the same rate of increase as seen in August, the Office for National Statistics said Wednesday. Prices were expected to climb at a faster
RTTNews | 6h 25phút trước
DAX Advances In Cautious Trade

DAX Advances In Cautious Trade

After a weak start and a subsequent recovery that briefly lifted it slightly above the flat line, the German stock market retreated and slipped into negative territory Wednesday morning amid cautious moves by investors due to a lack of progress in Ukraine peace talks and a disappoint earnings update from Netflix.
RTTNews | 6h 44phút trước