TSX Ends Higher For 5th Straight Session

RTTNews | 10j 39min yang lalu

(RTTNews) - The Canadian market closed higher on Monday, extending gains to a sixth straight session, reacting to news that the Trump administration will hold off on imposing trade tariffs for now.

According to reports, Donald Trump will direct federal agencies to assess trade relations with China, Canada and other trade partners but will hold off on imposing new tariffs on his first day in office.

The benchmark S&P/TSX Composite Index, which climbed to 25,245.78, ended with a gain of 103.66 points or 0.41% at 25,171.58.

Energy and materials shares moved higher, contributing significantly to market's upmove.

The Energy Capped Index climbed 2.32%. MEG Energy Corp (MEG.TO) rallied 6.3%. Terravest Capital (TVK.TO), Athabasca Oil Corp (ATH.TO), Canadian Natural Resources (CNQ.TO), Headwater Exploration (HWX.TO) and Birchcliff Energy (BIR.TO) gained 3 to 5.2%. Whitecap Resources (WCP.TO), Kelt Exploration (KEL.TO), Nuvista Energy (NVA.TO) and Baytex Energy (BTE.TO) also closed sharply higher.

The Materials Capped Index moved up 1.17%. First Quantum Minerals (FM.TO), Lundin Mining Corp (LUN.TO), Teck Resources (TECK.B.TO), Hudbay Minerals (HBM.TO), k92 Mining (KNT.TO), Ivanhoe Mines (IVN.TO), Calibre Mining (CXB.TO) and Capstone Mining Corp (CS.TO) gained 3 to 4.7%.

Bombardier Inc (BBD.B.TO) gained 7.3% thanks to reports that Trump will hold off on imposing tariffs on Canada for now.

Bausch + Lomb (BLCO.TO) rallied 6.3%. MTY Food Group (MTY.TO), Cargojet (CJT.TO), Rogers Communications (RCI.A.TO), Propel Holdings (PRL.TO), Hut 8 Corp (HUT.TO), EQB Inc (EQB.TO), BRP Inc (DOO.TO) and Boyd Group Services (BYD.TO) gained 2 to 4.3%.

Telesat Corporation (TSAT.TO), Kinaxis Inc (KXS.TO), Toronto-Dominion Bank (TD.TO) and Lessonade Industries (LAS.A.TO) closed notably lower.

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the positive cues from European markets and lack of cues from Wall Street overnight, as markets reacted positively to US President Donald Trump's decision not to impose China-specific tariffs on his first day in office. However, there were hints from Trump about potential 25 percent tariffs on Canada and Mexico as early as February 1.

RTTNews | 5j 47min yang lalu

Australian Market Halves Early Gains In Mid-market

The Australian stock market halved its early gains in mid-market trading on Tuesday, but still extending the gains in the previous session, following the positive cues from European markets. The benchmark S&P/ASX 200 index is moving to near the 8,400.00 level, with gains in mining and financial stocks partially offset by weakness in energy and technology stocks.

RTTNews | 6j 22min yang lalu

Sensex, Nifty Seen Opening Higher In Cautious Trade

Indian shares are seen opening higher on Tuesday as U.S. President Donald Trump did not immediately impose China-specific tariffs as previously promised during his first day in office.

RTTNews | 6j 31min yang lalu

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from European markets and lack of cues from Wall Street overnight. The Nikkei 225 is moving up to near the 39,000 mark, with gains some index heavyweights, automakers and technology stocks.

RTTNews | 7j 29min yang lalu

Australian Market Sharply Higher

The Australian stock market is trading sharply higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from European markets and lack of cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains across most sectors led by mining, financial and technology stocks.

RTTNews | 7j 52min yang lalu

Canadian Stocks Remain Firmly Positive Despite Paring Some Gains

Despite paring some gains, the Canadian market remains firmly place in positive territory Monday afternoon thanks to sustained buying in several stocks from the energy sector. The mood remains positive amid optimism about some interest rate cuts by the Federal Reserve and a few other central banks this year.

RTTNews | 13j 32min yang lalu

Swiss Market Closes On Firm Note

Despite a mid-session setback, the Switzerland market closed on a firm note on Monday, in line with markets across Europe, as investors reacted positively to news that the Trump administration would hold off on imposing trade tariffs for now.

RTTNews | 14j 30min yang lalu

European Stocks Close Higher After Cautious Session

European stocks closed higher on Monday, with a few markets posting fresh record highs, reacting positively to reports that the Trump administration will hold off on imposing trade tariffs for now. Investors also focused on the World Economic Forum, which kicked off in Davos, Switzerland, today.

RTTNews | 15j 17min yang lalu

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