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Canadian Market Modestly Higher; Materials Shares Move Up

RTTNews | 66 days ago

Canadian Market Modestly Higher; Materials Shares Move Up

(RTTNews) - The Canadian market is modestly higher Monday afternoon thanks to some strong buying in the materials sector. Real estate and consumer discretionary stocks are among the other gainers in the market where the undertone remains fairly positive amid expectations the Federal Reserve will cut interest rate next month.

The benchmark S&P/TSX Composite Index, which climbed to 23,192.49 earlier in the session, was up 69.02 points or 0.3% at 23,123.63 a little while ago.

The Materials Capped Index is up 1.5%. Silvercrest Metals (SIL.TO), Torex Gold Resources (TXG.TO), Seabridge Gold Inc (SEA.TO), Fortuna Silver Mines (FVI.TO), Ssr Mining (SSRM.TO) and New Gold Inc (NDG.TO) are up 4 to 5.3%.

Real estate stocks Crombie Real Estate Investment (CRR.UN.TO) and FirstService Corp (FSV.TO) are gaining 1.3% and 1.2%, respectively.

Consumer discretionary stock Canada Goose Holdings (GOOS.TO) is climbing more than 5%. Spin Master Corp (TOY.TO) is up 3%, while Linamar Corp (LNR.TO), Magna International (MG.TO) and Restaurant Brands International (QSR.TO) are gaining 1 to 1.5%.

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Tokyo Inflation Falls Below 2%

Tokyo Inflation Falls Below 2%

Inflation in Japan's capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent for the first time in five months.

RTTNews | 4h 26min ago

China Keeps Medium-Term Lending Facility Rate Unchanged

China Keeps Medium-Term Lending Facility Rate Unchanged

China's central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The People's Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate of 1.5 percent.

RTTNews | 5h 14min ago

Antipodean Currencies Fall Ahead Of U.S. Presidential Election

Antipodean Currencies Fall Ahead Of U.S. Presidential Election

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as investors are awaiting the outcome of the U.S. presidential election on Sunday.

RTTNews | 5h 33min ago

European Economic News Preview: German Ifo Business Confidence Data Due

European Economic News Preview: German Ifo Business Confidence Data Due

Business confidence from Germany and monetary aggregates from the euro area are the top economic news due on Friday. At 2.45 am ET, France's consumer confidence survey data is due. Economists expect the confidence index to fall slightly to 94 in October from 95 in the previous month.

RTTNews | 5h 43min ago

European Markets Seen Opening On A Weak Note

European Markets Seen Opening On A Weak Note

European markets are expected to open on Friday on a cautious note as market's focus on the health of the corporate sector.

RTTNews | 5h 54min ago

NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.

RTTNews | 5h 57min ago

Australian Dollar Falls Against Majors

Australian Dollar Falls Against Majors

The Australian dollar weakened against other major currencies in the Asian session on Friday.

RTTNews | 6h 3min ago

Thai Shares May Stop The Bleeding On Friday

Thai Shares May Stop The Bleeding On Friday

The Thai stock market has tracked lower in four straight sessions, slipping almost 35 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may find traction on Friday.

RTTNews | 9h 33min ago

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