TSX Ends Moderately Higher

RTTNews | 501天前

(RTTNews) - The Canadian market ended on a firm note on Thursday, bouncing back after snapping a five-session winning streak a day earlier, as data showing a bigger than expected increase in U.S. jobless claims raised expectations the Federal Reserve will cut interest rates in September.

Materials shares rallied sharply. Stocks from communications, energy, utilities, real estate and financials sectors too found fairly good support. Technology stocks were a bit weak, while shares from the rest of the sectors ended mixed.

The benchmark S&P/TSX Composite Index, which opened marginally up at 22,287.01, climbed to one-month high 22,426.97, ended with a gain of 116.67 points or 0.52% at 22,375.83.

The Materials Capped Index climbed 2.15%. Wesdome Gold Mines (WDO.TO) and Pan American Silver Corp (PAAS.TO) soared 11.1% and 10.3%, respectively. Torex Gold Resources (TXG.TO) surged 8.4% and Fortuna Silver Mines (FVI.TO) surged 7.5%.

B2Gold Corp (BTO.TO), Kinross Gold Corp (K.TO), Stelco Holdings (STLC.TO) and New Gold Inc (NGD.TO) gained 5 to 6%.

Canadian Tire Corporation (CTC.A.TO) gained nearly 7% after the company reported first-quarter net income of C$96.0 million, compared to C$42.8 million a year ago.

Linamar Corporation (LNR.TO) rallied 6.8%. Nutrien (NTR.TO) gained 4.5%. Kinaxis Inc (KXS.TO), Teck Resources (TECK.A.TO), Methanex Corporation (MX.TO), Agnico Eagle Mines (AEM.TO) and Colliers International (CIGI.TO) gained 2 to 4%.

iA Financial Corporation (IAG.TO) gained nearly 4% despite reporting lower quarterly earnings. The company reported net income of $234 million for the first quarter of 2024, compared to $273 million a year ago.

Quebecor Inc (QBR.TO) climbed about 2.5%. The company reported adjusted income from operating activities of $163.1 million ($0.71 per basic share) for the first quarter of 2024, an increase of $27.1 million ($0.12 per basic share) or 19.9%.

Telus International (TIXT.TO) plunged nearly 19% on weak results. The company reported first-quarter net income of $140 million, down 37.5% from a net income of $224 million the company posted in the year-ago quarter.

Bay Street Likely To Post New Highs

Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.

RTTNews | 2小时9分钟前

Wall Street Likely To Open Flat

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RTTNews | 2小时49分钟前

Sweden Cuts Policy Rate By 25 Bps

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RTTNews | 2小时54分钟前

FTSE 100 Flat; Kingfisher Soars On Higher Guidance

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RTTNews | 3小时48分钟前

Eurozone Private Sector Logs Strongest Growth In 16 Months

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RTTNews | 3小时57分钟前

CAC 40 Up 0.6%; STMicroElectronics Rises Sharply

Despite data showing a contraction in France's private sector activity in the month of September, French stocks are up firmly in positive territory Tuesday afternoon with data showing an acceleration in Eurozone private sector growth, and NVIDIA's plans to invest $100 billion in OpenAI aiding sentiment.

RTTNews | 4小时14分钟前

Sensex, Nifty Recover From Early Lows

Indian shares cut early losses to end on a flat note on Tuesday. While a weakening rupee, tariff worries and concerns regarding the latest H1-B visa fee change weighed on markets, Fed rate cut hopes, falling oil prices and reports of strong festive-season demand for automobiles helped limit overall losses in the broader market.

RTTNews | 4小时33分钟前

DAX Modestly Higher Despite Paring Some Early Gains

German stocks hold on in positive territory Tuesday afternoon despite paring some early gains. Data showing an acceleration in Germany's private sector activity in the month of September, and an increase in Eurozone service sector growth help underpin sentiment.

RTTNews | 4小时36分钟前

EURUSD	1.17972	GBPUSD	1.35241	AUDUSD	0.66046
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