TSX Ends Lower For 2nd Straight Day

RTTNews | 830 days ago
TSX Ends Lower For 2nd Straight Day

(RTTNews) - After opening moderately lower Thursday morning and languishing in negative territory till around mid afternoon, the Canadian market briefly emerged above the flat line before turning weak against to finally end the day's session with a modest loss.

Despite easing worries about interest rates following data showing cooling inflation, the mood remained cautious due to concerns about slowing global economic growth.

The benchmark S&P/TSX Composite Index ended with a loss of 34.79 points or 0.17% at 20,341.44. The index touched a low of 20,258.31 and a high of 20,406.46 intraday.

In economic news, data from Statistics Canada said wholesale sales in Canada rose by 0.5% from a month earlier to C$83.8 billion in November of 2022, revised from preliminary estimates of a 1.9% increase and compared to the downwardly revised 1.9% rise in the prior month.

Another data from Statistics Canada showed car registrations in Canada decreased to 123,874 units in November from 132,260 units in October, 2022.

Healthcare, technology, real estate and industrials shares ended weak, while energy stocks climbed higher.

Magnet Forensics (MAGT.TO), goeasy (GSY.TO), Cargojet (CJT.TO), MTY Food Group (MTY.TO), Cogeco Communications (CCA.TO), FirstService Corporation (FSV.TO) and Bombardier Inc (BBD.B.TO) ended lower by 2.7 to 5%.

Colliers International (CIGI.TO) and Nutrien (NTR.TO) also ended notably lower.

Osisko Gold Royalties (OR.TO) climbed 5%. Badger Infrastructure (BDGI.TO), Precision Drilling Corporation (PD.TO), Imperial Oil (IMO.TO) and Aritzia Inc (ATZ.TO) gained 3 to 4%.

Suncor Energy (SU.TO), Wheaton Precious Metals (WPM.TO), Agnico Eagle Mines (AEM.TO), Canadian Natural Resources (CNQ.TO), Franco-Nevada Corporation (FNV.TO) and Newmont Corporation (FNV.TO) advanced 1.4 to 2%.

read more
U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against its major counterparts in the New York session on Monday, as investors focused on upcoming earnings announcements and some crucial U.S. economic data.
RTTNews | 3h 14min ago
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a flat start and a subsequent sluggish spell the Switzerland market moved higher on Monday with stocks gradually gaining in strength as the day progressed.
RTTNews | 4h 42min ago
European Stocks Close Broadly Higher Ahead Of Earnings Announcements

European Stocks Close Broadly Higher Ahead Of Earnings Announcements

European stocks closed higher on Monday, and the U.K. market recorded its longest winning streak in over five years, moving up for the eleventh consecutive session, as investors focused on upcoming earnings announcements and some crucial European and U.S. economic data. Hopes of a de-escalation in U.S.-China trade friction too contribute to the positive mood in the market.
RTTNews | 4h 54min ago
Domino's Pizza Q1 Earnings Beat, Revenues Miss, U.S. Same Store Sales Down; Stock Drops

Domino's Pizza Q1 Earnings Beat, Revenues Miss, U.S. Same Store Sales Down; Stock Drops

Domino's Pizza Inc. announced Monday higher earnings in its first quarter, above market estimates, amid revenue growth. Meanwhile, the largest pizza company in the world recorded weak income from operations and U.S. same store sales, and its top line missed the Street view. In pre-market activity on the Nasdaq, Domino's Pizza shares were losing around 2.6 percent.
RTTNews | 9h 27min ago
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

The Canadian market is likely to open on a mixed note on Monday with investors mostly making cautious moves, as the nation goes to the polls today.
RTTNews | 9h 35min ago
Pound Rises As European Shares Traded Higher

Pound Rises As European Shares Traded Higher

The British pound strengthened against other major currencies in the European session on Monday amid increased risk appetite, as tariff tensions eased and investors looked ahead to a busy week of earnings, with four of the Magnificent Seven companies— Amazon, Apple, Meta Platforms and Microsoft — due to report their quarterly results.
RTTNews | 10h 14min ago
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Monday.
RTTNews | 10h 40min ago