Canadian Market Ends Weak Again; RBC, National Bank Shine On Strong Results

RTTNews | 131 dni temu

(RTTNews) - The Canadian market ended weak on Wednesday, extending losses from the previous session, as investors chose to take some profits ahead of a slew of crucial economic data, including reports on U.S. personal income and spending.

Strong results from Royal Bank of Canada and National Bank of Canada triggered some buying in the financials sector and helped limit market's downside.

The benchmark S&P/TSX Composite Index, which dropped to 23,063.68 around late afternoon, ended the day's session with a loss of 132.98 points or 0.57% at 23,126.98.

Materials and technology stocks were the major losers. The Materials Capped Index fell 2.07%, and the Information Technology Capped Index dropped 1.63%.

Royal Bank of Canada (RY.TO) ended up 2.2%. The bank reported a net income of $4.5 billion for the quarter ended July 31, 2024, up $626 million or 16% from the prior year. Diluted EPS was $3.09, up 13% over the same period. The bank reported adjusted net income and adjusted diluted EPS of $4.7 billion and $3.26 for the latest quarter, up 18% and 15%, respectively, from the prior year.

National Bank of Canada (NA.TO) climbed nearly 6% after the bank reported a net income of $1,033 million for the third-quarter of its current financial year, which is up 24% from $830 million it reported in the year-ago quarter. Third-quarter diluted earnings per share stood at $2.89 compared to $2.33 in the third quarter of 2023.

Materials shares Ivanhoe Mines (IVN.TO), Capstone Mining Corp (CS.TO), Ssr Mining (SSRM.TO), New Gold (NDG.TO), Aya Gold & Silver (AYA.TO), Oceanagold (OGC.TO), Pan American Silver Corp (PAAS.TO), First Majestic Silver (AG.TO) and Hudbay Minerals (HBM.TO) lost 3 to 6%.

Kinaxis Inc (KXS.TO) plunged 14.5% after the company announced some key management changes. Docebo Inc (DCBO.TO) dropped 5.5%. Lightspeed Commerce (LSPD.TO), Enghouse Systems (ENGH.TO), Shopify Inc (SHOP.TO), Open Text Corp (OTEX.TO), Constellation Software (CSU.TO) and Dye & Durham (DND.TO) also ended sharply lower.

Swiss Franc Weakens Against Majors

The Swiss franc declined against its major counterparts in the New York session on Monday, as gains in tech stocks lifted Wall Street.

RTTNews | 7g 42 minut temu

Swiss Market Closes Moderately Higher

Despite a couple of weak spells during the day's trading session, the Switzerland market closed moderately higher on Monday, in line with markets across Europe after data showed an improvement in services sector activity in the region. Optimism about a recovery of the Chinese economy following recent stimulus measures helped as well.

RTTNews | 7g 50 minut temu

European Markets Close On Firm Note

European stocks closed higher on Monday with investors reacting positively to slightly encouraging services sector data from the region, and stronger-than-expected services sector growth in China. The upside was also due to expectations of more stimulus from the Chinese government, and easing concerns about tariff hikes amid reports U.S. President-elect Donald Trump's tariff plan will not be any

RTTNews | 8g 12 minut temu

U.S. Factory Orders Pull Back Slightly More Than Expected In November

A report released by the Commerce Department on Monday showed new orders for U.S. manufactured goods decreased by slightly more than expected in the month of November. The Commerce Department said factory orders fell by 0.4 percent in November after climbing by an upwardly revised 0.5 percent in October. Economists had expected factory orders to dip by 0.3 percent.

RTTNews | 10g 11 minut temu

German Inflation At 11-Month High Unlikely To Worry ECB Policymakers

Consumer price inflation in Germany rose for a third month in a row, and at a faster than expected pace in December, to its highest level in 11 months led by higher food prices and services costs, though policymakers at the European Central Bank are likely to be less concerned at the recent spike in price pressures and press ahead with another interest rate reduction in the next policy session.

RTTNews | 10g 27 minut temu

Dollar Opens 2025 In Style

The U.S. dollar opened 2025 in style with gains against the euro, the British pound as well as the Australian Dollar during the week ended January 3, 2025.

RTTNews | 12g 28 minut temu

Bay Street Likely To Open Higher

Canadian shares are likely to open on a positive note Monday morning, tracking higher commodity prices and firm European markets.

RTTNews | 12g 46 minut temu

Eurozone Economy On The Verge Of Deeper Crisis, Sentix Says

The euro area economy is in the danger of plunging even deeper into crisis and the room for the European Central Bank for maneuver is diminishing rapidly, the behavioral research institute Sentix said Monday. Eurozone investor confidence sunk to the lowest level since November 2023 with the corresponding index falling to -17.7 in January from -17.5 in December, results of the monthly survey by S

RTTNews | 13g 43 minut temu

EURUSD	1.03882	GBPUSD	1.25198	AUDUSD	0.6243
USDJPY	157.642	USDCAD	1.43329	USDCHF	0.90458