TSX Retreats After Hitting Fresh Record High, Settles Marginally Down

RTTNews | 15 days ago
Stocktwits
TSX Retreats After Hitting Fresh Record High, Settles Marginally Down

(RTTNews) - After a slightly positive start and a subsequent fall, the Canadian market climbed to a fresh record high Wednesday morning, but retreated soon and then stayed weak right through the end of the day's session. Escalating tensions in the Middle East weighed on sentiment.

Also, investors refrained from making significant moves due to a lack of triggers on the home front. Stronger than expected U.S. private sector employment data dimmed prospects of aggressive rate cuts by the Federal Reserve.

The benchmark S&P/TSX Composite Index, which hit a new record intra-day high at 24,113.27, ended down 32.44 points or 0.13% at 24,001.55.

Consumer staples, healthcare and communications shares were among the notable losers.

TC Energy Corp (TRP.TO) tumbled about 9%. Ag Growth International (AFN.TO) dropped 3.7%. Docebo Inc (DCBO.TO), Bank of Nova Scotia (BNS.TO), CCL Industries (CCL.A.TO) and Loblaw Companies (L.TO) lost 2 to 2.7%.

Metro Inc (MRU.TO), George Weston (WN.TO) and Canadian National Railway (CNR.TO) also ended notably lower.

TerraVest Industries (TVK.TO) climbed more than 5%. Methanex Corporation (MX.TO), Stella-Jones (SJ.TO), Cameco Corporation (CCO.TO), Dayforce (DAY.TO), Onex Corporation (ONEX.TO), Dollarama Inc (DOL.TO) and Colliers International (CIGI.TO) gained 0.9 to 2%.

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European Economic News Preview: UK Retail Sales Data Due

European Economic News Preview: UK Retail Sales Data Due

Retail sales data from the UK is the major economic report due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for September. Sales are forecast to fall 0.3 percent on a monthly basis, reversing an increase of 1.0 percent in August.
RTTNews | 4h 24min ago
China Economy Logs Weakest Growth Since Early 2023

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RTTNews | 4h 31min ago
European Shares Seen Tad Lower After Mixed China Data

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RTTNews | 4h 45min ago
Sensex, Nifty Open Lower On Muted Global Cues

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RTTNews | 6h 7min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

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RTTNews | 7h 11min ago
Japanese Market Modestly Higher

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Recouping some of the losses in the previous two sessions, the Japanese stock market is modestly higher on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 39,000 mark, with gains in some index heavyweights and financial stocks partially offset by weakness in technology stocks.
RTTNews | 7h 41min ago
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