TSX Ends Higher For 5th Straight Session

RTTNews | 11 dni temu

(RTTNews) - The Canadian market closed higher on Monday, extending gains to a sixth straight session, reacting to news that the Trump administration will hold off on imposing trade tariffs for now.

According to reports, Donald Trump will direct federal agencies to assess trade relations with China, Canada and other trade partners but will hold off on imposing new tariffs on his first day in office.

The benchmark S&P/TSX Composite Index, which climbed to 25,245.78, ended with a gain of 103.66 points or 0.41% at 25,171.58.

Energy and materials shares moved higher, contributing significantly to market's upmove.

The Energy Capped Index climbed 2.32%. MEG Energy Corp (MEG.TO) rallied 6.3%. Terravest Capital (TVK.TO), Athabasca Oil Corp (ATH.TO), Canadian Natural Resources (CNQ.TO), Headwater Exploration (HWX.TO) and Birchcliff Energy (BIR.TO) gained 3 to 5.2%. Whitecap Resources (WCP.TO), Kelt Exploration (KEL.TO), Nuvista Energy (NVA.TO) and Baytex Energy (BTE.TO) also closed sharply higher.

The Materials Capped Index moved up 1.17%. First Quantum Minerals (FM.TO), Lundin Mining Corp (LUN.TO), Teck Resources (TECK.B.TO), Hudbay Minerals (HBM.TO), k92 Mining (KNT.TO), Ivanhoe Mines (IVN.TO), Calibre Mining (CXB.TO) and Capstone Mining Corp (CS.TO) gained 3 to 4.7%.

Bombardier Inc (BBD.B.TO) gained 7.3% thanks to reports that Trump will hold off on imposing tariffs on Canada for now.

Bausch + Lomb (BLCO.TO) rallied 6.3%. MTY Food Group (MTY.TO), Cargojet (CJT.TO), Rogers Communications (RCI.A.TO), Propel Holdings (PRL.TO), Hut 8 Corp (HUT.TO), EQB Inc (EQB.TO), BRP Inc (DOO.TO) and Boyd Group Services (BYD.TO) gained 2 to 4.3%.

Telesat Corporation (TSAT.TO), Kinaxis Inc (KXS.TO), Toronto-Dominion Bank (TD.TO) and Lessonade Industries (LAS.A.TO) closed notably lower.

TSX Tumbles More Than 1% As Stocks Fall On Tariff Concerns

After posting a record close the previous day, the Canadian market opened marginally up and edged higher Friday morning, but kept losing ground as the day progressed with stocks from across several sectors reeling under selling pressure as Trump administration confirmed that it would begin imposing 25% tariffs on imports from Canada from February 1.

RTTNews | 19g 55 minut temu

German Inflation Unexpectedly Eases In January

Consumer price pressures in Germany slowed unexpected at the start of the year amid a sharp slowdown in food inflation, offering some relief for the European Central Bank that lowered interest rates a day earlier and plan to continue easing to boost the single currency economy that came to a standstill in the final three months of 2024.

RTTNews | 22g 51 minut temu

Swiss Markets Ends Slightly Weak

The Swiss market edged down marginally on Friday with stocks paring gains in late afternoon trade as investors chose to take some profits following a long winning streak. Data showing a stronger than expected jump in the nation's retail sales aided sentiment.

RTTNews | 1 dni temu

Major European Markets Close Slightly Higher

European stocks saw some profit taking in late afternoon trades on Friday, but the major markets in the region still managed to close slightly up. Investors assessed recent economic data, earnings news, and monetary policy announcements of the Federal Reserve and the European Central Bank.

RTTNews | 1 dni temu

Canadian Market Down Marginally In Cautious Trade; Tech Stocks Move Higher

The Canadian market is up in positive territory a little past noon on Friday with the benchmark S&P/TSX Composite Index hovering near record high, thanks largely to strong buying in the technology sector after encouraging earnings updates from big name U.S. companies such as Apple Inc. and Meta Platforms.

RTTNews | 1 dni temu

U.S. Dollar Advances Amid Trump's Tariff Threats

The U.S. dollar firmed against its most major counterparts in the New York session on Friday amid concerns about President Donald Trump's renewed pledge to slap 25 percent tariffs on imports from Canada and Mexico on February 1.

RTTNews | 1 dni temu

ECB Surveys Show Rising Eurozone Inflation Expectations

Euro area consumers' inflation expectations for the next 12 months increased for a third straight month in December, while professional forecasters revised up the projections for this year and next, separate surveys by the European Central Bank showed on Friday.

RTTNews | 1 dni temu

Chicago Business Barometer Increases But Still Indicates Contraction

MNI Indicators released a report on Friday showing its reading on Chicago-area business activity increased in the month of January but continued to indicate contraction. The report said the Chicago business barometer rose to 39.5 in January from 36.9 in December, although a reading below 50 still indicates contraction. Economists had expected the index to climb to 40.0.

RTTNews | 1 dni temu

EURUSD	1.03759	GBPUSD	1.24011	AUDUSD	0.62174
USDJPY	155.086	USDCAD	1.45225	USDCHF	0.91047