Canadian Market Up Firmly, Looks Set End On Strong Note

RTTNews | 75 days ago

(RTTNews) - The Canadian market looks well on course to end on a strong note on Wednesday with stocks from across several sectors moving higher on sustained buying interest as investors react positively to Donald Trump's victory in the U.S. presidential election.

Technology, energy, financials, industrials and consumer staples stocks are up with impressive gains. Healthcare, materials, real estate, utilities and communications shares are week.

The benchmark S&P/TSX Composite Index was up 220.81 points or 0.91% at 24,608.71 a little while ago.

iA Financial Corporation (IAG.TO) is soaring nearly 16%, after reporting a whopping 414% jump in net inome to $288 million in the third-quarter of current financial year, from a year ago.

TFI International (TFII.TO) is rising 10.3%. Celestica Inc (CLS.TO) is up more than 7%. Dayforce (DAY.TO) and Descartes Systems Group (DSG.TO) are gaining 4.7% and 4.2%, respectively.

RB Global Inc (RBA.TO), Canadian National Railway (CNR.TO) and Kinaxis Inc (KXS.TO) are up 3 to 3.5%. Constellation Software (CSU.TO) is climbing about 1.2%.

Stella-Jones Inc (SJ.TO) is plunging 13.7%. The company reported net earnings of $80 million, or $1.42 per share for the third quarter of the current financial year, compared with $110 million, or $1.91 per share a year ago.

Ero Copper (ERO.TO) is down 8.6% after the company reduced its full-year copper production guidance due to delays in achieving commercial production at the Tucumã operation in Pará, Brazil, stemming from power disruptions in the third quarter.

Premium Brands Holdings Corporation (PBH.TO) is down 7.1%. The company reported earnings of $25.4 million for the 13 weeks ended September 28, 2024, compared with $39.4 million in the 13 weeks ended September 30, 2023.

Sprott Inc (SII.TO), Boralex Inc (BLX.TO), Wheaton Precious Metals (WPM.TO), Intact Financial Corporation (IFC.TO), Boyd Group Services (BYD.TO) and Thomson Reuters (TRI.TO) are also down sharply.

On the economic front, the Ivey Purchasing Managers Index in Canada eased to 52 in October 2024, down from 53.1 in the prior month and missing market estimates of 54.2., according to a report from the Ivey Business School.

Sensex, Nifty Give Up Early Gains

Indian shares were slightly lower on Tuesday, giving up early gains as investors awaited clarity on Donald Trump's trade policies and tariffs.

RTTNews | 5h 2min ago

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 | 6h 0min ago

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 | 6h 35min ago

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 | 6h 44min ago

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 | 7h 41min ago

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 | 8h 4min ago

TSX Ends Higher For 5th Straight Session

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.

RTTNews | 10h 52min ago

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 | 13h 45min ago

EURUSD	1.03953	GBPUSD	1.23046	AUDUSD	0.6253
USDJPY	155.04	USDCAD	1.4406	USDCHF	0.90679