TSX Continues To Move Up North, Ends 0.53% Up At New High

RTTNews | 39 days ago
TSX Continues To Move Up North, Ends 0.53% Up At New High

(RTTNews) - The Canadian market climbed to a new record high on Friday, rising for a third straight day, thanks to strong gains in materials stocks as metal prices surged to record highs. Continued optimism about interest rate cuts by the Bank of Canada also aided sentiment.

The benchmark S&P/TSX Composite Index, which marched to a new intra-day high at 24,850.15, settled with a gain of 132.06 points or 0.53% at 24,822.54, a new closing high. The index gained nearly 1.5% in the week.

The Materials Capped Index climbed 3.18%. Iamgold Corp (IMG.TO), the biggest gainer in the section, soared 16.6%. First Majestic Silver Corp (AG.TO) zoomed 15.3%, while Pan American Silver Corp (PAAS.TO) and Fortuna Silver Mines (FVI.TO) gained 10.5% and 10.3%, respectively.

Seabridge Gold (SEA.TO), Silvercrest Metals (SIL.TO), Ssr Mining (SSRM.TO), MAG Silver Corp (MAG.TO) and Triple Flag Precious Metals (TFPM.TO) gained 6 to 8.5%.

Hut 8 Corp (HUT.TO) surged 14.4%. Agnico Eagle Mines (AEM.TO), Sprott (SII.TO), Wheaton Precious Metals (WPM.TO), Franco-Nevada Corporation (FNV.TO), Morguard Corporation (MRC.TO), Cameco Corporation (CCO.TO), Stantec (STN.TO) and Intact Financial Corporation (IFC.TO) gained 1 to 5%.

Ag Growth International (AFN.TO), Bombardier Inc (BBD.B.TO) and Quebecor Inc (QBR.TO) lost more than 4%. Tecsys Inc (TCS.TO), Fairfax Financial Holdings (FFH.TO), EQB Inc (EQB.TO), Cogeco Inc (CCO.TO), Boyd Group Services (BYD.TO), Cogeco Communications (CCA.TO) and Canadian Pacific Kansas City (CP.TO) closed down 1.3 to 3%.

read more
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.
RTTNews | 7h 4min ago
European Economic News Preview: German Consumer Confidence Data Due

European Economic News Preview: German Consumer Confidence Data Due

Consumer confidence survey results from Germany and France are the major reports due on Wednesday, headlining a light day for the European economic news. At 2.45 am ET, France's statistical office INSEE is scheduled to release consumer sentiment survey results.
RTTNews | 7h 40min ago
European Shares Set To Open Broadly Lower Amid Trump Tariff Worries

European Shares Set To Open Broadly Lower Amid Trump Tariff Worries

European stocks are seen opening broadly lower on Wednesday as investors ponder over Donald Trump's tariff plans and await the Fed's preferred readings on consumer price inflation later in the day for additional clues on the Fed's rate trajectory.
RTTNews | 7h 56min ago
New Zealand Slashes Key Interest Rate By 50 Bps

New Zealand Slashes Key Interest Rate By 50 Bps

The Reserve Bank of New Zealand reduced its benchmark interest rate by 50 basis points on Wednesday, as inflation moved close to the midpoint of the target range and economic output remains below its potential. The Monetary Policy Committee governed by Adrian Orr decided to reduce the Official Cash Rate to 4.25 percent from 4.75 percent.
RTTNews | 7h 56min ago
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious ahead of the release of a key U.S. inflation measure, the Thanksgiving holiday in the U.S. and uncertainty over Trump's tariff plans. Markets were positive after Israel approved a US-brokered ceasefire agreement with Lebanon's Hezbollah.
RTTNews | 10h 5min ago