TSX Fails To Hold Early Gains, Ends Slightly Down

RTTNews | 1007天前

(RTTNews) - The Canadian market ended slightly lower on Thursday, as losses posted by stocks from energy, materials and consumer staples sectors offset a good show by technology, real estate and industrials stocks.

Investors digested the interest rate moves by the Bank of England and the European Central Bank. The BoE and the ECB, both raised their interest rates by 50 basis points and signaled more hikes in the coming months.

The Federal Reserve had raised interest rate by 25 basis points on Wednesday, and indicated more hikes, saying inflation is still at elevated levels.

The benchmark S&P/TSX Composite Index ended down 10.61 points or 0.05% at 20,740.44. The index scaled a low of 20,696.86 and a high of 20,843.21 intraday.

AutoCanada (AC.TO) climbed more than 8%. Shopify Inc (SHOP.TO) rallied nearly 7%. Colliers International (CIGI.TO) surged 4.5%.

TFI International (TFII.TO), goeasy (GSY.TO), Cargojet (CJT.TO), FirstService Corporation (FSV.TO), WSP Global (WSP.TO), BRP Inc (DOO.TO), Kinaxis Inc (KXS.TO), Fairfax Financial Holdings (FFH.TO) and Boyd Group Services (BYD.TO) gained 1.2 to 3.4%.

Canada Goose Holdings (GOOS.TO) plunged nearly 24% after the company reported revenues and earnings that fell short of expectations.

Precision Drilling Corporation (PD.TO), First Quantum Minerals (FM.TO) and Filo Mining (FIL.TO) lost 7.7%, 6/8% and 5.7%, respectively.

Suncor Energy (SU.TO), Agnico Eagle Mines (AEM.TO), Methanex Corporation (MX.TO), Imperial Oil (IMO.TO) and Teck Resources (TECK.A.TO), Canadian Natural Resources (CNQ.TO), Franco-Nevada Corporation (FNV.TO) and George Weston (WN.TO) lost 1 to 4%.

Lightspeed Commerce (LSPD.TO) ended 6% down. The company reported adjusted net loss of $814.8 million for the quarter ended December 2022, compared with adjusted net loss of $65.5 million in the corresponding quarter of the previous financial year. Net loss includes a non-cash goodwill impairment charge of $748.7 million.

On the economic front, the total value of building permits in Canada decreased by a bigger than expected 7.3% from a month earlier to C$ 10.3 billion in December of 2022, data from Statistics Canada showed.

Steady Start Seen For KOSPI

The South Korea stock market has finished lower in back-to-back sessions, tumbling almost 220 points or 5 percent in that span. The KOSPI sits just above the 4,000-point plateau although it's expected to halt its slide on Thursday.

RTTNews | 1小时8分钟前

Australia Trade Data Due On Thursday

Australia will on Thursday release September figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In August, imports rose 3.2 percent on month and exports fell 7.8 percent for a trade surplus of A$1.825 billion.

RTTNews | 1小时38分钟前

Swiss Market Ends On Positive Note; UBS, Sika Among Top Gainers

The Switzerland market started off on a weak note on Wednesday, and like most of its European peers, recovered gradually and kept edging higher past mid afternoon to eventually settle on a firm note.

RTTNews | 5小时32分钟前

European Stocks Shrug Off Early Weakness, Close Higher

European stocks recovered after a weak start and settled on a positive note on Wednesday, as investors tracked steady U.S. markets and indulged in some bargain hunting at several counters.

RTTNews | 5小时51分钟前

TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

The Canadian market is up firmly in positive territory on Wednesday, lifted by strong gains in energy, materials and technology sectors. Data showing an improvement in Canadian services sector activity, firm commodity prices and bargain hunting after recent sharp decline contribute to market's notable move up north.

RTTNews | 6小时44分钟前

U.S. Service Sector Activity Returns To Expansion In October

The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.

RTTNews | 8小时48分钟前

U.S. Private Sector Employment Rebounds More Than Expected In October

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October. ADP said private sector employment climbed by 42,000 jobs in October after slipping by a revised 29,000 jobs in September. Economists had expected private sector employment to rise by 25,000 jobs.

RTTNews | 9小时31分钟前

U.S. Private Sector Adds 42,000 Jobs In October, More Than Expected

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October.

RTTNews | 10小时48分钟前

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