TSX Ends Modestly Higher

RTTNews | 153天前
TSX Ends Modestly Higher

(RTTNews) - The Canadian market ended modestly higher on Tuesday after a somewhat volatile session, as investors awaited the Federal Reserve's monetary policy announcement on Wednesday, and some crucial economic data from the U.S. and Canada for directional cues.

The benchmark S&P/TSX Composite Index ended up 45.10 points or 0.2% at 22,824.67, after scaling a low of 22,775.46 and a high of 22,900.38 intraday.

Healthcare, consumer staples and utilities stocks were among the notable gainers. A few stocks from the financial sector moved up as well. Technology stocks traded weak.

Filo Corp (FIL.TO) surged 8.8%. Filo Corp announced that BHP and Lundin Mining Corp (LUN.TO) will acquire all of the outstanding shares of Filo that they do not already own, for C$ 4.5 billion. Lundin Mining ended 2.6% down.

George Weston Limited (WN.TO) reported adjusted net earnings of $394 million for the second quarter, an increase of $17 million, or 4.5%, compared to the year-ago quarter. The stock gained about 0.5%.

Atco Inc (ACO.Y.TO) climbed nearly 8%. Pollard Banknote (PBL.TO) gained about 5%. Canadian Tire Corporation (CTC.TO), Toronto-Dominion Bank (TD.TO), BRP Inc (DOO.TO), iA Financial Corporation (IAG.TO), TFI International (TFII.TO), West Fraser Timber (WFG.TO) and Intact Financial Corporation (IFC.TO) gained 1 to 2.5%.

Bank of Montreal (BMO.TO) dropped about 5.4% following a rating downgrade.

Celestica Inc (CLS.TO), Colliers International (CIGI.TO), Kinaxis Inc (KXS.TO), Boyd Group Services (BYD.TO) and Toromont Industries (TIH.TO) lost 1 to 2.2%.

read more
China PMI Data Due On Tuesday

China PMI Data Due On Tuesday

China will on Tuesday see December results of the manufacturing, non-manufacturing and composite PMIs from the National Bureau of Statistics, highlighting a light day for Asia-Pacific economic activity. In November, their scores were 50.3, 50.0 and 50.8, respectively.
RTTNews | 5小時10分鐘前
U.S. Dollar Advances As Year-end Approaches

U.S. Dollar Advances As Year-end Approaches

The U.S. dollar climbed against its most major counterparts in the New York session on Monday, as U.S. stocks dropped in the final trading week of year.
RTTNews | 9小時18分鐘前
Swiss Market Ends Slightly Up

Swiss Market Ends Slightly Up

The Switzerland market ended marginally up on Monday after a choppy session during which stocks moved in a very narrow range. Worries about Swiss growth outlook weighed on sentiment. Also, investors chose to remain on the sidelines ahead of New Year holidays.
RTTNews | 9小時24分鐘前
European Stocks Close Lower After Cautious Session

European Stocks Close Lower After Cautious Session

European stocks closed lower on Monday amid thin volumes as investors largely stayed on the sidelines ahead of New Year holidays. Uncertainty about interest rates, and tariff war threats weighed on sentiment.
RTTNews | 9小時49分鐘前
Canadian Market Down Firmly In Negative Territory; Energy Stocks Outperform

Canadian Market Down Firmly In Negative Territory; Energy Stocks Outperform

The Canadian market is languishing in negative territory on Monday with stocks from across several sectors reeling under selling pressure as investors look for directional clues. Trade war fears in the wake of U.S. President-elect Donald Trump's tariff threats, and persisting concerns about geopolitical tensions, and interest rate uncertainty appear to be weighing on sentiment.
RTTNews | 11小時12分鐘前
U.S. Pending Home Sales Surge To Highest Level Since February 2023

U.S. Pending Home Sales Surge To Highest Level Since February 2023

A report released by the National Association of Realtors on Monday showed pending home sales in the U.S. surged by much more than expected in the month of November. NAR said its pending home sales index shot up by 2.2 percent to 79.0 in November after jumping by 1.8 percent to 77.3 in October. Economists had expected pending home sales to climb by 0.7 percent.
RTTNews | 12小時44分鐘前
Chicago Business Barometer Unexpectedly Deceases In December

Chicago Business Barometer Unexpectedly Deceases In December

Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of December, according to a report released by MNI Indicators on Monday. MNI Indicators said its Chicago business barometer slid to 36.9 in December from 40.2 in November, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to rise to 42.5.
RTTNews | 12小時47分鐘前
Dollar Extends Gains As 2024 Draws To A Close

Dollar Extends Gains As 2024 Draws To A Close

Driven by caution ahead of the year-end, the U.S dollar inter alia gained against the euro, the Japanese yen, the Australian dollar, the Canadian dollar as well as the Swiss franc during the week ended December 27. The greenback however edged down against the British pound and the Swedish krona.
RTTNews | 14小時45分鐘前