Canadian Market Modestly Higher, Looks Set To End The Session On Firm Note

RTTNews | 6h 36min ago
Canadian Market Modestly Higher, Looks Set To End The Session On Firm Note

(RTTNews) - The Canadian market is up in positive territory Monday afternoon, aided by gains in consumer staples, technology, consumer discretionary and financials sectors.

The benchmark S&P/TSX Composite Index was up 104.23 points or 0.43% at 24,567.90 a little while ago.

Energy stocks are down as oil prices declined sharply after Israel avoided targeting Iranian oil facilities. The measured response by Tehran has helped ease concerns over a potential war in the Middle East and any big disruptions to oil supplies.

Also, Egypt has proposed a two-day truce in Gaza aimed at securing "a complete ceasefire" after more than a year of war between Israel and Hamas.

Hut 8 Corp (HUT.TO) is soaring more than 16%. Alimentation Couche-Tard (ATD.TO) is up 3.7%, while Cameco Corporation (CCO.TO), CCL Industries (CCL.B.TO), Loblaw Companies (L.TO), Onex Corporation (ONEX.TO) and George Weston (WN.TO) are up 1.6 to 2.5%.

Royal Bank of Canada (RY.TO), Constellation Software (CSU.TO), Intact Financial Corporation (IFC.TO), Thomson Reuters (TRI.TO) and WSP Global (WSP.TO) are gaining 0.7 to 1.5%.

Among the losers, Interfor Corporation (IFP.TO) is down 4.3%. Precision Drilling Corporation (PD.TO), Canadian Natural Resources (CNQ.TO), Imperial Oil (IMO.TO), Brookfield Renewable Partners (BEPC.TO) and Bombardier Inc (BBD.B.TO) are down 1.7 to 2.8%.

read more
U.S. Dollar Climbs As Key Data In Focus

U.S. Dollar Climbs As Key Data In Focus

The U.S. dollar firmed against its major counterparts in the New York session on Monday, as investors focus on key U.S. economic data due later this week.
RTTNews | 6h 54min ago
Swiss Market Recovers From Mid-session Setback, Ends On Firm Note

Swiss Market Recovers From Mid-session Setback, Ends On Firm Note

The Switzerland market shrugged off a mid-session setback and closed on a firm note on Monday with select counters seeing some brisk buying in afternoon trades. Investors largely stayed cautious, looking ahead to Swiss inflation and retail sales data as well as reports showing readings of KOF Leading Indicators and the Economic Sentiment Index, all due during the course of this week.
RTTNews | 7h 19min ago
European Stocks Close On Firm Note

European Stocks Close On Firm Note

European stocks closed higher on Monday with investors closely following the developments on the geopolitical front, and looking ahead to a slew of economic data from the region for clues on the European Central Bank's interest rate trajectory.
RTTNews | 7h 38min ago
UK Consumers Held Back Spending Ahead Of Autumn Budget - CBI Survey

UK Consumers Held Back Spending Ahead Of Autumn Budget - CBI Survey

British retailers saw sales volumes decline in October as consumers hesitated to spend due to the uncertainty surrounding the new chancellor Rachel Reeves' budget later this week, results of a survey by the Confederation of British Industry showed on Monday.
RTTNews | 10h 54min ago
UK Business Confidence Sinks To 4-month Low Ahead Of Budget

UK Business Confidence Sinks To 4-month Low Ahead Of Budget

Confidence among U.K. employers fell to its lowest in four months in October as they adopted a cautious stance ahead of the first budget presentation by the new chancellor Rachel Reeves later this week, results of a survey showed Monday. The Lloyds Business Barometer fell three points to 44 percent, the lowest score since June, the survey that covered 1,200 companies between October 1 - 15 showed.
RTTNews | 11h 21min ago
Election, Economy, Escalation And Expectations Enhance Dollar's Appeal

Election, Economy, Escalation And Expectations Enhance Dollar's Appeal

Uncertainty surrounding the presidential election in the U.S., data underscoring the resilience of the U.S. economy, the escalation in geopolitical tensions in the Middle East as well as the sobering rate cut expectations boosted the U.S. dollar during the week ended October 25.
RTTNews | 12h 5min ago
Target Cuts Thanksgiving Meal Price, Offers Free Frozen Pizza

Target Cuts Thanksgiving Meal Price, Offers Free Frozen Pizza

Target Corp. announced it is lowering the price of its Thanksgiving meal by $5 than last year's offering. At $20, the retail major's popular Thanksgiving meal featuring turkey, stuffing and five additional side dishes can feed four people. In addition, between November 13 and 16, Target is offering a free frozen pizza with a same-day delivery order for all members of the Target Circle 360.
RTTNews | 13h 30min ago