Bay Street Likely To Open On Positive Note

RTTNews | 7小時56分鐘前

(RTTNews) - The Canadian market is likely to open higher on Thursday, tracking positive European markets and slightly higher commodity prices. Investors will also be reacting to the European Central Bank's decision to lower interest rates.

Canopy Growth Corporation (WEED.TO) announced today that it has made early prepayment on its senior secured term loan equal to $100 million at a discounted price of $97.5 million. Canopy expects that the prepayment will reduce its annualized interest expense by about $14 million.

BRP Inc. (DOO.TO) announced today that it will sell its Marine businesses namely Alumacraft, Manitou, Telwater, and Marine parts, accessories and apparel. BRP said this process excludes all activities related to its Sea-Doo personal watercraft, Sea-Doo Switch pontoons and jet propulsion systems.

The Canadian market recorded new intraday and closing highs on Wednesday thanks to strong gains in utilities, healthcare and financial sectors. The mood was positive on expectations of a larger interest rate cut by the Bank of Canada next week.

The benchmark S&P/TSX Composite Index, which climbed to a high of 24,603.11, settled at 24,561.20 with a gain of 122.12 points or 0.5%.

Asian stocks ended mixed on Thursday, with Chinese and Hong Kong markets giving up early gains to end sharply lower after China announced supportive measures to prop up the country's troubled property sector, albeit on a small scale.

The measures included expanding a "white list" of housing projects eligible for financing and increasing bank lending for such developments to 4 trillion yuan.

The briefing from China's housing minister lacked substantial new measures, leaving investors skeptical regarding further economic growth ahead of third quarter GDP data due on Friday.

European stocks are notably higher. The European Central Bank (ECB) today cut its key interest rate to 3.25%, in its third quarter-percentage-point reduction of the year. The move marks the first time the central bank has reduced rates at consecutive meetings since December 2011.

In commodities, West Texas Intermediate Crude oil futures are up $0.07 at $70.46 a barrel.

Gold futures are gaining $6.00 or 0.22% at $2,697.30 an ounce, while Silver futures are down slightly at $31.965 an ounce.

Euro Drops As ECB Lowers Key Rates Again

The euro fell against its major counterparts in the European session on Thursday, as the European Central Bank cut key interest rates by 25 basis points amid progress in disinflation and weak economic data released since the September policy session.

RTTNews | 4小時7分鐘前

U.S. Business Inventories Increase In Line With Estimates In August

A report released by the Commerce Department on Thursday showed business inventories in the U.S. increased in line with economist estimates in the month of August. The Commerce Department said business inventories rose by 0.3 percent in August, matching a downwardly revised increase in July.

RTTNews | 5小時51分鐘前

U.S. Homebuilder Confidence Improves For Second Straight Month In October

With inflation gradually easing and homebuilders anticipating mortgage rates will moderate in coming months, the National Association of Home Builders released a report on Thursday showing homebuilder confidence in the U.S. improved by slightly more than expected in the month of October.

RTTNews | 6小時7分鐘前

U.S. Industrial Production Dips In September Amid Boeing Strike, Hurricanes

A report released by the Federal Reserve on Thursday showed industrial production in the U.S. fell by slightly more than expected in the month of September. The Fed said industrial production decreased by 0.3 percent in September after rising by a downwardly revised 0.3 percent in August. Economists had expected industrial production to dip by 0.2 percent.

RTTNews | 6小時10分鐘前

Walmart Offers Thanksgiving Meal For Below $7/Person Through Dec. 25

Walmart Inc. officially launched its holiday meal, offering customers a Thanksgiving meal for less than $7 per person. The offer, which comes earlier than last year, and at an even lower price, is available from October 14 through December 25. Walmart said its inflation-free Thanksgiving meal would benefit customers, who want to begin saving earlier and throughout the holiday season.

RTTNews | 6小時28分鐘前

ECB Cuts Interest Rates By 25 Bps As Lagarde Airs Concern On Eurozone Growth

The European Central Bank cut key interest rates by 25 basis points, as expected on Thursday, as policymakers assessed that the disinflation process is on track, and but they are increasingly concerned over the health of the euro area economy following some soft data released since the September policy session.

RTTNews | 6小時49分鐘前

U.S. Retail Sales Climb 0.4% In September, Slightly More Than Expected

A report released by the Commerce Department on Thursday showed retail sales in the U.S. increased by slightly more than expected in the month of September. The Commerce Department said retail sales rose by 0.4 percent in September after inching up by 0.1 percent in August. Economists had expected retail sales to rise by 0.3 percent.

RTTNews | 6小時50分鐘前

U.S. Jobless Claims Unexpectedly Pull Back Off Highest Level In Over A Year

First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous week's revised level of 260,000.

RTTNews | 6小時57分鐘前

EURUSD	1.08259	GBPUSD	1.30076	AUDUSD	0.66957
USDJPY	150.232	USDCAD	1.37937	USDCHF	0.86595