Canadian Market In Positive Territory As Investors React To Earnings

RTTNews | 545天前

(RTTNews) - The Canadian market got off to a slightly positive start and moved further up in early trades Friday morning thanks to gains in energy and technology stocks.

Optimism about an interest rate cut by the Federal Reserve in June, and higher crude oil and gold prices are aiding sentiment.

Investors are also reacting to quarterly earnings announcements.

The benchmark S&P/TSX Composite Index, which advanced to 21,493.66 after opening at 21,394.23, was up 56.41 points or 0.26% at 21,420.02 a little while ago.

On the economic front, data showed the manufacturing activity contracted for a tenth straight month in February, although at the slowest pace in the current sequence. The S&P Global Canada Manufacturing PMI rose to 49.7 in February, from 48.3 in the previous month.

SNC Lavalin Inc (ATRL.TO) shares are up 8.7% after the company reported fourth-quarter adjusted net income of $79.5 million, or $0.45 per diluted share, compared to an adjusted net loss of $32.5 million , or $(0.19) per diluted share in Q4 2022.

Ensign Energy Services Inc (ESI.TO) is soaring 11% after the company said its net income for 2023 was $41.2 million, up from $8.1 million in 2022.

Boralex Inc (BLX.TO) is down 1.6% after the company reported net earnings of $58 million for the fourth quarter of 2023, and $115 million for the full-year, compared to a net loss of $7 million in the fourth quarter of 2022, and $8 million in financial year 2022.

Denison Mines Corp. (DML.TO) is up nearly 1%. The company reported earnings per share from continuing operations of C$0.11 for the year ended December 31, 2023, representing a 450% increase from the 2022 EPS of C$0.02. A C$134.2 million fair value gain on its investments in physical uranium boosted the company's 2023 earnings from continuing operations to C$89.4 million or C$0.11 per share.

Canadian Western Bank (CWB.TO) is down 4.2% after the bank reported a net income of $88 million for the three months ended January 31, 2024, down 7% from the corresponding period last year.

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.

RTTNews | 3小时31分钟前

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.

RTTNews | 3小时51分钟前

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | 4小时25分钟前

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | 6小时51分钟前

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | 7小时2分钟前

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | 7小时13分钟前

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | 7小时25分钟前

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | 7小时31分钟前

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