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TSX Gains For 8th Straight Session, Climbs To Record Closing High

RTTNews | 66 days ago

TSX Gains For 8th Straight Session, Climbs To Record Closing High

(RTTNews) - The Canadian market ended on a positive note on Monday, extending its winning run to an eighth straight session. The benchmark S&P/TSX Composite Index recorded a fresh record closing high as well, with solid gains in the materials section contributing to its upmove.

The Canadian benchmark ended with a gain of 61.78 points or 0.72% at 23,116.39, slightly higher than the record closing it set on July 31st. The index climbed to a high of 23,192.49 around mid morning, before paring some gains.

Investors looked ahead to Canadian inflation data due on Tuesday, as well the Federal Reserve's monetary policy meeting minutes and Fed Chair Jerome Powell's speech at Jackson Hole, on Wednesday and Friday, respectively.

Cipher Pharmaceuticals (CPH.TO) soared 9.6% and Canadian Tire Corporation (CTC.TO) zoomed about 8.7%. Seabridge Gold (SEA.TO) and Molson Coors Canada Inc (TPX.A.TO) climbed 5.8% and 5.5%, respectively.

Tecsys Inc (TCS.TO), Cogeco Inc (CGO.TO), Boyd Group Services (BYD.TO), Wheaton Precious Metals (WPM.TO), Colliers International (CIGI.TO) and FirstService Corporation (FSV.TO) ended higher by 1.2 to 3.5%.

Richelieu Hardware (RCH.TO), Alimentation Couche-Tard (ATD.TO), Sprott Inc (SII.TO), Celestica Inc (CLS.TO), Fairfax Financial Holdings (FFH.TO), Onex Corporation (ONEX.TO) and Imperial Oil (IMO.TO) ended down by 1.2 to 2.5%.

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Tokyo Inflation Falls Below 2%

Tokyo Inflation Falls Below 2%

Inflation in Japan's capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent for the first time in five months.

RTTNews | 5h 13min ago

China Keeps Medium-Term Lending Facility Rate Unchanged

China Keeps Medium-Term Lending Facility Rate Unchanged

China's central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The People's Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate of 1.5 percent.

RTTNews | 6h 1min ago

Antipodean Currencies Fall Ahead Of U.S. Presidential Election

Antipodean Currencies Fall Ahead Of U.S. Presidential Election

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as investors are awaiting the outcome of the U.S. presidential election on Sunday.

RTTNews | 6h 20min ago

European Economic News Preview: German Ifo Business Confidence Data Due

European Economic News Preview: German Ifo Business Confidence Data Due

Business confidence from Germany and monetary aggregates from the euro area are the top economic news due on Friday. At 2.45 am ET, France's consumer confidence survey data is due. Economists expect the confidence index to fall slightly to 94 in October from 95 in the previous month.

RTTNews | 6h 31min ago

European Markets Seen Opening On A Weak Note

European Markets Seen Opening On A Weak Note

European markets are expected to open on Friday on a cautious note as market's focus on the health of the corporate sector.

RTTNews | 6h 41min ago

NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.

RTTNews | 6h 45min ago

Australian Dollar Falls Against Majors

Australian Dollar Falls Against Majors

The Australian dollar weakened against other major currencies in the Asian session on Friday.

RTTNews | 6h 50min ago

Thai Shares May Stop The Bleeding On Friday

Thai Shares May Stop The Bleeding On Friday

The Thai stock market has tracked lower in four straight sessions, slipping almost 35 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may find traction on Friday.

RTTNews | 10h 20min ago

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