TSX Recovers After Early Setback, Ends Marginally Up

RTTNews | 937 ngày trước

(RTTNews) - After opening modestly lower and drifting down further Friday morning, the Canadian market recovered gradually and finally ended the day's session marginally up.

The benchmark S&P/TSX Composite Index, which dropped to 20,484.50 in early trades, ended with a small gain of 14.37 points or 0.07% at 20,612.12. The index gained about 0.7% in the week.

Energy, utilities and industrials shares posted strong gains. Several stocks from consumer staples section too ended notably higher.

Consumer discretionary, technology, materials and healthcare stocks drifted lower.

In addition to digesting the jobs data, investors also reacted to a slew of quarterly earnings announcements.

The Capped Energy Index surged 2.41%. The Consumer Discretionary Capped Index drifted down 4.3%. The Information Technology Capped Index dropped 1.83%.

Enbridge Inc. (ENB.TO) reported that its fourth quarter adjusted earnings per common share declined to C$0.63 from C$0.68, prior year. Adjusted profit declined to C$1.27 billion from C$1.38 billion. The stock gained about 2.4%.

Magna International Inc. (MG.TO) shares plunged 17% after the company reported fourth-quarter net income of $95 million, compared with net income of $464 million in the year-ago quarter. Adjusted earnings per share were $0.91, compared to prior year's $1.30.

Fortis Inc. (FTS.TO) shares gained about 3.3%. The company reported fourth quarter net earnings of C$370 million or C$0.77 per share, up from C$328 million or C$0.63 per share in the prior-year quarter.

Data from Statistics Canada showed that the employment increased by 150,000 jobs in January, after rising by 104,000 jobs in the previous month. Economists had expected employment to climb by 15,000 jobs.

The unemployment rate held steady at 5% in January. The rate was expected to rise to 5.1%.

European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European stocks closed mostly higher on Thursday, with most of the markets in the region gaining for a second straight day amid cooling bond markets. Still, the mood in the markets remained a bit cautious with investors looking ahead to crucial U.S. non-farm payroll data on Friday.

RTTNews | 25 phút trước

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.

RTTNews | 2h 52phút trước

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | 3h 10phút trước

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | 3h 39phút trước

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.

RTTNews | 3h 44phút trước

U.S. Private Sector Job Growth Slows More Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August. ADP said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July. Economists had expected private sector employment to rise by 65,000 jobs.

RTTNews | 4h 1phút trước

U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2

A report released by the Labor Department showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025.

RTTNews | 4h 44phút trước

U.S. Trade Deficit Widens More Than Expected In July

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July.

RTTNews | 4h 47phút trước

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