Canadian Market Slightly Lower In Cautious Trade

RTTNews | 37天前
Canadian Market Slightly Lower In Cautious Trade

(RTTNews) - After three successive days of gains, the Canadian market is exhibiting weakness on Friday and looks set to end the day's session on a negative note.

Communications, industrials and materials stocks are the major losers. Technology stocks are finding some support, while shares from the rest of the sectors are mostly subdued.

The benchmark S&P/TSX Composite Index was down 30.90 points or 0.12% at 24,696.63 a little while ago.

Novagold is down more than 10%. TFI International is declining 5.6% and WSP Global is down by about 4.1%.

Badger Infrastructure Solutions, New Gold, BCE, Eldorado Gold, AtkinsRealis, Finning International, Cargojet, Endeavour Mining, Iamgold, Barrick Gold Corp, Air Canada, Equinox Gold and Quebecor are down 1.6 to 2.5%.

Canopy Growth Corporation, Mattr Corp, Aurora Cannabis, Organigram Holdings and Shopify are gaining 3 to 4.5%.

Spin Master Corp., Kelt Exploration, TransAlta, Vermilion Energy and H&R Real Estate are gaining 2 to 2.5%.

Data released by Statistics Canada showed that retail sales in Canada increased 0.7% in March over the previous month.

Retail Sales in Canada increased 4.7% in February over the same month in the previous year.

Manufacturing sales in Canada decreased to -1.9% percent in March from 0.2% in February, according to preliminary estimates.

read more
U.S. Construction Spending Unexpectedly Falls 0.4% In April

U.S. Construction Spending Unexpectedly Falls 0.4% In April

A report released by the Commerce Department on Monday unexpectedly showed a continued decrease by U.S. construction spending in the month of April. The Commerce Department said construction spending fell by 0.4 percent to an annual rate of $2.152 trillion in April after shrinking by 0.8 percent to a revised rate of $2.162 trillion in March.
RTTNews | 24分钟前
U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May

U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May

A reading on U.S. manufacturing activity unexpectedly edged slightly lower in the month of May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.5 in May from 48.7 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
RTTNews | 1小时6分钟前
UK Manufacturing Sector Shrinks Sharply

UK Manufacturing Sector Shrinks Sharply

The UK factory sector shrank further in May as the weak global demand, trade tensions and rising cost burdens weighed on production and new orders, the purchasing managers' survey results from S&P Global showed on Monday. The final manufacturing PMI rose to a three-month high of 46.4 in May from 45.4 in April. The reading was also above the flash estimate of 45.1.
RTTNews | 2小时20分钟前
Eurozone Manufacturing Activity Contraction Slows

Eurozone Manufacturing Activity Contraction Slows

Euro area factory activity fell at the slowest pace in more than two years in May, signaling a gradual progress towards recovery, final results of the purchasing managers' survey from S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index rose to 49.4 in May, in line with the flash estimate, from 49.0 in April.
RTTNews | 2小时36分钟前
UK Mortgage Approvals Fall Unexpectedly; House Prices Rise

UK Mortgage Approvals Fall Unexpectedly; House Prices Rise

UK mortgage approvals declined unexpectedly to the lowest level in more than a year in April as stamp duty holiday ended in March, data from the Bank of England revealed Monday. Elsewhere, data from the mortgage lender Nationwide Building Society showed that house prices rebounded unexpectedly in May suggesting momentum in underlying demand. Approvals for home loans rose to 60,463 in May.
RTTNews | 3小时50分钟前
Bay Street May Open Higher On Firm Commodity Prices

Bay Street May Open Higher On Firm Commodity Prices

Canadian shares may open higher on Monday as firm crude oil and bullion prices are expected to trigger some strong buying in energy and materials sectors. Worries about trade tensions may hurt a bit and limit market's upside.
RTTNews | 4小时23分钟前
FTSE Up Slightly As Stocks Turn In Mixed Performance

FTSE Up Slightly As Stocks Turn In Mixed Performance

U.K. stocks are turning in a mixed performance in cautious trade on Monday, amid concerns about the Trump administration's tariff stance. The Sino-U.S. trade tensions, with the two nations accusing each other of violating trade agreement, and U.S. President Donald Trump's remarks that the tariffs on steel and aluminum will be doubled to 50%, are weighing sentiment.
RTTNews | 5小时14分钟前
U.S. Dollar Falls On Re-escalating US-China Trade Tensions

U.S. Dollar Falls On Re-escalating US-China Trade Tensions

The U.S. dollar weakened against other major currencies in the European session on Monday, as U.S. President Donald Trump's decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global trade tensions.
RTTNews | 5小时50分钟前