TSX Ends Higher As Tech Stocks Rally

RTTNews | 1 day ago

(RTTNews) - The Canadian market closed higher on Tuesday, recovering well after snapping a nine-day winning streak on Monday, thanks to strong buying in the technology sector.

Investors now await monetary policy announcement from the Bank of Canada. The central bank is widely expected to cut interest rate on Wednesday.

The Federal Reserve is also scheduled to announce its monetary policy tomorrow. The Fed is likely to hold rates, but the focus is on the accompanying statement.

The benchmark S&P/TSX Composite Index closed up 130.30 points or 0.52% at 25,419.45, after scaling a low of 25,277.05 and a high of 25,425.86 intraday.

The Information Technology Capped Index climbed 4.41%. Shopify Inc (SHOP.TO) zoomed 9.6% and Celestica climbed about 8.25%.

Blackberry (BB.TO) gained 6.5% and Sylogist (SYZ.TO) ended 3.8% up. Open Text Corp (OTEX.TO), Constellation Software (CSU.TO), Dye & Durham (DND.TO), Lightspeed Commerce (LSPD.TO), Kinaxis Inc (KXS.TO), Enghouse Systems (ENGH.TO) and CGI Group Inc (GIB.A.TO) closed higher by 1.3 to 3%.

Molson Coors Canada (TPX.A.TO) soared 11.1%. Canada Goose Holdings (GOOS.TO) rallied 9.7%. Propel Holdings (PRL.TO) gained 6.7% and Telesat Corporation (TSAT.TO) closed up 5.9%.

Velan Inc (VLN.TO), TerraVest Industries (TVK.TO), MDA Space (MDA.TO), Dayforce (DAY.TO), Cameco Corporation (CCO.TO), Wheaton Precious Metals (WPM.TO), K-Bro Linen (KBL.TO) and AtkinsRealis (ATRL.TO) gained 2 to 5%.

Metro Inc (MRU.TO) closed more than 3% down. The company reported net earnings of $259.5 million for the first quarter of fiscal 2025, up 13.6% compared to a year ago. Adjusted net earnings for the latest quarter came in at $245.4 million, which was up 4.4% compared to the year-ago quarter.

Bombardier Inc (BBD.B.TO), BRP Inc (DOO.TO), Ivanhoe Mines (IVN.TO), Teck Resources (TECK.A.TO), Aecon Group (ARE.TO), Boralex (BLX.TO), Methanex Corporation (MX.TO) and Precision Drilling Corporation (PD.TO) lost 2.5 to 4%.

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were flat to slightly higher on Thursday as investors reacted to a hawkish Fed policy statement and awaited cues from upcoming Union Budget this weekend and next week's MPC meeting.

RTTNews | 6h 15min ago

Asian Markets Mixed In Thin Holiday Trades

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after the US Fed left interest rates unchanged and noted inflation remains "somewhat elevated. Traders react to a hawkish Fed policy statement. The mood remained cautious on concerns about the U.S. administration's tariff threats, and uncertainty on its trade and economic policies.

RTTNews | 7h 24min ago

Australian Market Extends Gains In Mid-market

The Australian market in extending its early gains in mid-market moves on Thursday, adding to the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is above the 8,500 level, with gains across most sectors led by mining, energy and financial stocks.

RTTNews | 7h 58min ago

Sensex, Nifty Set For Muted Start

Indian shares look set to open on a muted note Thursday as investors react to a hawkish Fed policy statement and a mixed set of earnings results from the likes of Tata Motors and Bajaj Finance.

RTTNews | 8h 9min ago

Japanese Market Modestly Lower

The Japanese market is modestly lower on Thursday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling to stay a tad above the 39,300 level, with weakness in some index heavyweights and financial stocks partially offset by gains in technology stocks.

RTTNews | 9h 18min ago

Australian Market Modestly Higher

The Australian market is trading modestly higher on Thursday, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,450 level, with gains across most sectors led by mining and energy stocks.

RTTNews | 9h 39min ago

Thai Stock Market Tipped To Open In The Red

The Thai stock market has alternated between positive and negative finishes through the last five trading days since the end of two-day winning streak in which it had improved more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,340-point plateau and it may take further damage on Thursday.

RTTNews | 9h 43min ago

Soft Start Anticipated For Indonesia Stock Market

Ahead of the break for the Lunar New Year, the Indonesia stock market had tracked lower in two straight sessions, dropping more than 90 points or 1.3 percent in that span. The Jakarta Composite Index now sits just above the 7,160-point plateau and it may open to the downside again on Thursday.

RTTNews | 10h 43min ago

EURUSD	1.04182	GBPUSD	1.24446	AUDUSD	0.62201
USDJPY	154.526	USDCAD	1.44237	USDCHF	0.90667