Canadian Market Up Firmly In Positive Territory

RTTNews | 19 dias atrás
Canadian Market Up Firmly In Positive Territory

(RTTNews) - The Canadian market is up firmly in positive territory Tuesday afternoon, supported by gains in utilities, consumer staples, healthcare and technology sectors.

Several stocks from financials and industrials sectors are also notably higher, while consumer discretionary stocks are weak.

Investors are largely reacting to quarterly earnings reports, and keeping an eye on U.S. Presidential election.

The benchmark S&P/TSX Composite Index is up 114.95 points or 0.47% at 24,371.01.

Thomson Reuters Corporation (TRI.TO) is gaining 4% after reporting operating profit of $415 million for the third quarter ended September 30, 2024, compared with $441 million a year ago.

Fortis Inc (FTS.TO) is up nearly 3%. The company announced that it posted net earnings of $420 million or $0.85 per common share in the third quarter of 2024, compared up $394 million, or $0.81 per shares in the corresponding quarter last year.

Colliers International Group Inc (CIGI.TO) is down 4.8%. The company reported operating earnings of $109.7 million for the quarter ended September 30, 2024, compared with $70.9 million in the year-ago quarter.

On the economic front, the S&P Global Canada Composite PMI rose to 50.7 in October 2024 from 47.0 in September, indicating a return to marginal growth in the private sector after four months of contraction.

The S&P Global Canada Services PMI rose to 50.4 in October 2024, up from 46.4 in September, signaling a marginal expansion in the services sector for the first time in five months.

Data from Statistics Canada said Canada posted a trade deficit of C$ 1.26 billion in September, narrowing slightly from the C$ 1.5 billion gap in the previous month.

Exports declined marginally by 0.1% to C$ 63.88 billion in September, while imports fell by 0.4% over a month to C$ 65.2 billion in the month.

read more
TSX Closes At New Record High

TSX Closes At New Record High

The Canadian market closed modestly higher on Friday, lifted by gains in industrials and energy stocks. Positive reaction to the nation's retails data and the recent announcement of a mini stimulus package contributed to the upside.
RTTNews | 2 dias atrás
Swiss Stocks Close On Strong Note

Swiss Stocks Close On Strong Note

Swiss stocks closed on a bright note on Friday, in line with markets across Europe, as weak manufacturing and services sector data from major European countries such as the U.K., Germany and France raised hopes that central banks will cut interest rates further to help revive growth.
RTTNews | 2 dias atrás
Canadian Market Modestly Higher In Cautious Trade

Canadian Market Modestly Higher In Cautious Trade

The Canadian market is modestly higher a little past noon on Friday with stocks turning in a mixed performance in cautious trade. Investors are digesting the latest economic data from Canada and the U.S., while continuing to follow the developments on the geopolitical front.
RTTNews | 2 dias atrás
U.S. Consumer Sentiment Improves Less Than Previously Estimated In November

U.S. Consumer Sentiment Improves Less Than Previously Estimated In November

Consumer sentiment in the U.S. improved less than previously estimated in the month of November, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for November was downwardly revised to 71.8 from the preliminary reading of 73.0.
RTTNews | 2 dias atrás
Bay Street Seen Opening Higher

Bay Street Seen Opening Higher

The Canadian market may open higher on Friday, with materials shares finding some support on firm metal prices. Investors will also be reacting to Canadian retails sales data and U.S. producer prices report.
RTTNews | 2 dias atrás
Regulator CFPB To Consider Apple Pay, Other Digital Payment Apps As Banks

Regulator CFPB To Consider Apple Pay, Other Digital Payment Apps As Banks

The US Consumer Financial Protection Bureau or CFPB has finalized a rule to supervise Apple Inc. and other major technology firms that offer digital funds transfer and payment wallet apps, and treat them more like banks. In a statement, the US consumer watchdog said the rule on federal oversight of popular digital payment apps by the largest non-bank companies is aimed to protect personal data...
RTTNews | 2 dias atrás