Bay Street Likely To Open On Subdued Note

RTTNews | 517天前
Bay Street Likely To Open On Subdued Note

(RTTNews) - It's likely to be a somewhat subdued start for the Canadian market Thursday morning with investors tracking crude oil and metal prices. Concerns about the outlook for interest rates may weigh and limit market's upside.

In company news, Lithium Americas (LAC.TO) said Wednesday that it would raise US$275 million by selling 55 million common shares at US$5 apiece in an underwritten public offering expected to close on April 22. The company plans to use the proceeds to advance the construction and development of its Thacker Pass lithium project in Humboldt County, Nevada.

On Wednesday, Canadian stocks moved mostly higher in early trading but gave back ground over the course of the session.

The benchmark S&P/TSX Composite Index pulled back well off its early highs and settled up 13.18 points or 0.1% at 21,656.05.

Asian stocks ended broadly higher on Thursday, as the dollar and U.S. Treasury yields retreated from recent highs and Taiwan Semiconductor Manufacturing Corp., the world's largest producer of advanced processors, clocked a stronger-than-expected first-quarter profit on strong AI chip demand.

European stocks are modestly higher soft eurozone inflation data for March boosted hopes for an ECB rate cut in June.

In commodities, West Texas Intermediate Crude oil futures are down $0.59 or 0.71% at $82.10 a barrel.

Gold futures are up $8.50 or 0.36% at $2,396.90 an ounce, while Silver futures are gaining $0.150 or 0.53% at $28.550 an ounce.

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Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

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RTTNews | 30分钟前
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RTTNews | 59分钟前
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RTTNews | 2小时26分钟前
Bank Of Canada Lowers Interest Rates By A Quarter Point

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RTTNews | 3小时8分钟前
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RTTNews | 4小时7分钟前
UK Inflation Unchanged At 3.8%

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U.S. Housing Starts Plunge 8.5% In August, Much More Than Expected

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After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August.
RTTNews | 5小时51分钟前