Canadian Market Up Slightly In Cautious Trade
(RTTNews) - The Canadian market is roughly flat Tuesday afternoon with investors awaiting some key economic data, and largely refraining from making significant moves.
The benchmark S&P/TSX Composite Index is up 8.95 points or 0.04% at 21,884.74.
Onex Corporation (ONEX.TO) is gaining 4.5%. Kinaxis Inc (KXS.TO) is up 3.2% and Descartes Systems Group (DSG.TO) is up 2.75%.
Celestica Inc (CLS.TO), George Weston (WN.TO), CGI Inc (GIB.A.TO), FirstService Corporation (FSV.TO), Constellation Software (CSU.TO) and Dollarama Inc (DOL.TO) are up 1.2 to 2.2%.
Aecon Group Inc (ARE.TO) is plunging nearly 16%. Analysts at BMO Capital Markets have downgraded the construction company's stock, warning of a "cash flow drag" extending into the next year.
BCE Inc (BCE.TO), Rogers Communications (RCI.B.TO), Emera Incorporated (EMA.TO), Colliers International (CIGI.TO), Nutrien (NTR.TO), Restaurant Brands International (QSR.TO), West Fraser Timber (WFG.TO) and CCL Industries (CCL.B.TO) are down 1.7 to 3.3%.
On the economic front, the S&P Global Canada Manufacturing PMI held steady at 49.3 in June 2024, unchanged from May, marking the fourteenth consecutive month of contraction in factory activity.
Bay Street Likely To Open On Firm Note
UK Manufacturing Contracts For First Time Since April
European Shares Gain Before US Jobs Data
FTSE 100 Rises As House Price Growth Slows
CAC 40 Rises As Investors Weigh The US Election Impact
DAX Edges Higher In Cautious Trade Ahead Of US Jobs Data
Asian Shares Retreat Despite Positive China Data
