Bay Street Likely To Open On Firm Note

RTTNews | 10時10分前

(RTTNews) - Canadian stocks look headed for a positive start Thursday morning, tracking firm European markets and higher crude oil prices amid slightly easing concerns about trade war and tariffs.

Investors are likely to focus on corporate earnings for direction.

Thomson Reuters Inc. (TRI.TO) reported adjusted EBITDA of $718 million for the quarter ended December 2024, up marginally compared to $707 million in the year-ago quarter.

BCE Inc. (BCE.TO) reported fourth-quarter net earnings of $505 million, up 16.1% compared to net earnings in the year-ago quarter.

Colliers International Group Inc (CIGI.TO) posted revenues of $1,501.6 million in the fourth-quarter of 2024, compared with $1,235.2 million in the fourth-quarter of 2023.

Bombardier Inc (BBD.B.TO) posted net income of $370 million in 2024, compared to $445 million in the previous year. Adjusted net income for 2024 came in at $547 million, compared to $416 million a year ago.

Calian Group In. (CGY.TO) has announced that it signed over $50 million in new and renewed multi-year defense contracts in its fiscal first quarter.

On the economic front, the Ivey Purchasing Managers Index score for the month of January is due at 10 AM ET. The Ivey Purchasing Managers Index in Canada rose to 54.7 in December 2024, up from 52.3 in November.

The Canadian market closed on a firm note on Wednesday with stocks from across several sectors as investors digested the latest batch of economic data and assessed the impact of US-China tensions on the global economy.

The benchmark S&P/TSX Composite Index settled with a gain of 290.49 points or 1.15% at 25,569.84, rising for the second consecutive day following the U.S. President Donald Trump agreeing to hold off tariffs against Canadian imports by a month.

Asian stocks rose broadly on Thursday as trade war fears eased and Treasury yields dipped on easing inflation concerns.

A softer dollar underpinned base metal prices and gold steadied near record high levels, while oil prices recovered some ground after falling nearly 2 percent in the previous session.

China's Shanghai Composite Index rallied 1.3 percent to 3,270.66 on eased concerns over a potential global trade war.

The U.S. Postal Service (USPS) has resumed accepting parcels from mainland China and Hong Kong, reversing a brief suspension triggered by new trade measures introduced by U.S. President Donald Trump.

European stocks are notably higher today with investors shrugging off concerns about tariffs and focusing on corporate earnings.

In commodities, West Texas Intermediate Crude oil futures are up $0.42 or 0.56% at $71.45 a barrel.

Gold futures are down $8.50 or 0.29% at $2,884.50 an ounce, while Silver futures are lower by $0.411 or 1.25% at $32.565 an ounce.

Swiss Market Settles Modestly Higher

Despite staying positive right through the day's session, Swiss stocks remained a bit sluggish on Thursday as investors largely refrained from making significant moves.

RTTNews | 5時13分前

European Stocks Close On Bright Note As Investors Focus On Earnings, Economic Data

European stocks closed higher on Thursday with several markets in the region climbing to record highs, as investors indulged in some hectic buying at several counters, reacting to quarterly earnings updates, and the Bank of England's decision to lower interest rate.

RTTNews | 5時35分前

U.S. Weekly Jobless Claims Rise More Than Expected To 219,000

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended February 1st. The report said initial jobless claims climbed to 219,000, an increase of 11,000 from the previous week's revised level of 208,000.

RTTNews | 7時44分前

U.S. Labor Productivity Growth Slows More Than Expected In Q4

A report released by the Labor Department on Thursday showed U.S. labor productivity and unit labor costs both increased by less than expected in the fourth quarter of 2024. The Labor Department said labor productivity climbed by 1.2 percent in the fourth quarter after surging by an upwardly revised 2.3 percent in the third quarter.

RTTNews | 8時33分前

US Employers Cut 28% More Jobs In January: Challenger Report

Employers in the U.S. slashed more jobs in January compared to December, but the figure was the lowest recorded for the month in three years, the latest monthly report from the global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc showed on Thursday.

RTTNews | 9時8分前

Bank Of England Cuts Rate By 25 Bps, Sees Modest Growth In Q1

The Bank of England lowered its key interest rate by a quarter-point as widely expected on Thursday but two policymakers sought a bigger reduction citing the sluggish U.K. economy and the heightening uncertainty over trade tariffs. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 7-2 to reduce the benchmark bank rate to 4.50 percent from 4.75 percent.

RTTNews | 9時11分前

Societe Generale Q4 Profit Surges, Sees Growth In FY25; Plans Dividend, Buyback; Stock Up

Shares of Societe Generale were gaining around 12 percent in the mid-day trading on the Paris Stock Exchange after the French banking major reported Thursday significantly higher profit in its fourth quarter, driven by increased banking income. The company also announced dividend and share buyback. For fiscal 2025, the company projects revenue growth of more than 3 percent from last year...

RTTNews | 9時41分前

U.S. Labor Productivity, Unit Labor Costs Jump Less Than Expected In Q4

A report released by the Labor Department on Thursday showed U.S. labor productivity and unit labor costs both increased by less than expected in the fourth quarter of 2024.

RTTNews | 10時8分前

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