TSX Ends Modestly Higher

RTTNews | il y a 817

(RTTNews) - The Canadian market ended modestly higher on Thursday, led by gains in technology stocks.

The benchmark S&P/TSX Composite Index, which rose to a one-month high at 19,516.36 early on in the session, gave up most of its gains as the day progressed and finally settled at 19,352.11, up 72.35 points or 0.38% from the previous close.

A few stocks from financials, utilities and communications sectors posted notable gains. Healthcare stocks declined sharply. Materials and energy stocks turned in a mixed performance.

The Information Technology Capped Index climbed 3.89%. Shopify Inc (SHOP.TO) soared 17.1% after the company reported a smaller-than-expected loss in the latest quarter.

Shopify reported adjusted net loss of $30 million in the third quarter of this financial year, compared with adjusted net income of $102.8 million in the year-ago quarter. The company was expected to post adjusted net loss of $0.08 per share.

Quarterhill (QTRH.TO), Nuvei Corp (NVEI.TO), Magnet Forensics (MAGT.TO) and Kinaxis Inc (KXS.TO) gained 2 to 3%.

CDN Western Bank (CWB.TO), Sun Life Financial (SLF.TO), IA Financial Corp (IAG.TO), Fairfax Financial Holdings (FFH.TO) and Great-West Lifeco Inc (GWO.TO) gained 1 to 3.3%.

Transalta Corp (TA.TO) surged nearly 3%. Boralex (BLX.TO), Atco (ACO.X.TO) and Capital Power Corp (CPX.TO) gained 1.5 to 2%.

TC Energy Corporation (TRP.TO), Air Canada (AC.TO), Methanex Corporation (MX.TO), Nutrien (NTR.TO) and WSP Global (WSP.TO) also posted strong gains.

Park Lawn Corporation (PLC.TO) ended nearly 9% down. Teck Resources (TECK.B.TO), Aritzia Inc (ATZ.TO) and TFI International (TFII.TO) ended lower by 4 to 5.1%.

Cameco Corporation (CCO.TO) lost more than 4%. The company reported adjusted net earnings of $10 million for the quarter ended September 2022, as against adjusted net loss of $54 million in the year-ago quarter.

In economic news, a report from the Canadian Federation of Independent Business, Canada's CFIB's Business Barometer long-term optimism index, which is based on a 12-month outlook, fell to 51.4 in October of 2022 from a downwardly revised 52.4 in September, the lowest since April 2020.

Data from Statistics Canada showed average weekly earnings of non-farm payroll employees in Canada rose for the 15th consecutive month, surging by 3.2% year-on-year to C$ 1,170.14 in August of 2022.

Yen Falls As Asian Stock Markets Traded Higher

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RTTNews | il y a 5h 34min

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RTTNews | il y a 5h 46min

European Shares Seen Higher As Netflix Reports Record Subscriber Growth

European stocks may open on a firm note Wednesday, with technology stocks likely to be in focus after Netflix Inc. reported its biggest quarterly subscriber gain in history and Trump announced a joint venture with OpenAI, Oracle and Softbank to invest billions of dollars in artificial intelligence infrastructure in the United States.

RTTNews | il y a 6h 32min

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.

RTTNews | il y a 6h 41min

Sensex, Nifty Rebound In Cautious Trade

Indian shares eked out modest gains in cautious trade on Wednesday after suffering heavy losses in the previous session on concerns over Trump's tariff stance, weak corporate earnings and continues foreign fund outflows.

RTTNews | il y a 7h 34min

Asian Markets Track Global Markets Higher

Asian stock markets are trading mostly higher on Wednesday, following the positive cues from global markets overnight, as optimism about a few interest rate cuts by the US Fed this year, and a drop in global bond yields. Markets in China and Hong Kong were down as the US administration was discussing a 10 tariff against China and said tariffs on China could hinge on a deal over TikTok's ownership.

RTTNews | il y a 8h 53min

Australian Market Trims Gains In Mid-market

The Australian stock market is trimming its gains in mid-market trading on Wednesday, but extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving well above the 8,400 level, following the broadly positive cues from global markets overnight, with gains in financial and technology stocks.

RTTNews | il y a 9h 22min

Sensex, Nifty Seen Higher At Open On Firm Global Cues

Indian shares look set to open higher on Wednesday, tracking firm cues from global markets.

RTTNews | il y a 9h 32min

EURUSD	1.04067	GBPUSD	1.23171	AUDUSD	0.62555
USDJPY	155.85	USDCAD	1.43478	USDCHF	0.90665