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Canadian Market Modestly Higher In Cautious Trade

RTTNews | 932天前

Canadian Market Modestly Higher In Cautious Trade

(RTTNews) - The Canadian market is exhibiting a mixed trend on Monday after six successive days of gains.

With the U.S. market closed today for Martin Luther King Jr. Day holiday, the volume of business in the Canadian market is somewhat thin.

The benchmark S&P/TSX Composite Index is up 55.34 points or 0.27% at 20,415.44.

The Health Care Capped Index is up 2.1%. Canopy Growth Corp (WEED.TO) is gaining 4.3%. Tilray Inc (TLRY.TO) is surging nearly 3%, Chartwell Retirement Residences (CSH.UN.TO) and Bausch Health Companies (BHC.TO) both are up 2.5%, while Sienna Senior Living (SIA.TO) is up 1.1%.

Technology stocks Hut 8 Mining Corp (HUT.TO) and Absolute Software Corp (ABST.TO) are up 16.5% and 8%, respectively. BlackBerry (BB.TO) is rising 6%, while Dye & Durham (DND.TO), Lightspeed Commerce (LSPD.TO) and Coveo Solutions (CVO.TO) are up 3 to 3.6%.

Consumer staples shares Empire Company (EMP.A.TO), Loblaw Co (L.TO) and The North West Company (NWC.TO) are up 1.9%, 1.7% and 1.2%, respectively. Metro (MRU.TO) and Saputo (SAP.TO) are up with modest gains.

In economic news, manufacturing sales in Canada were flat from a month earlier in November of 2022, after a downwardly revised 2.4% rise in the prior month.

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U.S. Service Sector Growth Unexpectedly Slows In July

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RTTNews | 2小时12分钟前

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RTTNews | 3小时17分钟前

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RTTNews | 3小时20分钟前

Bay Street May Open Slightly Higher

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Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 3小时31分钟前

FTSE 100 Advances On Upbeat Earnings

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The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | 4小时0分钟前

Pound Rises As Traders Await BoE Monetary Policy Meeting

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The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | 4小时11分钟前

CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.

RTTNews | 4小时31分钟前

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