TSX Ends Modestly Higher

RTTNews | 792 dias atrás

(RTTNews) - The Canadian market ended modestly higher on Thursday, aided by gains in healthcare, technology and materials sectors.

Comments by Fed Chair Jerome Powell indicating smaller interest rate hikes from this month helped underpin sentiment. Higher bullion prices contributed as well to market's surge.

The benchmark S&P/TSX Composite Index, which climbed to 20,639.48, ended higher by 72.19 points or 0.35% at 20,525.45.

Bombardier Inc (BBD.B.TO) climbed more than 8%. Canadian Tire Corporation (CTC.TO) surged 6.3% and Shopify Inc (SHOP.TO) gained 5.5%, while Cargojet (CJT.TO), BRP Inc (DOO.TO), Agnico Eagle Mines (AEM.TO) and Descartes Systems Group (DSG.TO) gained 3 to 4.5%.

Kinaxis Inc (KXS.TO), WSP Global (WSP.TO), Goeasy (GSY.TO), Colliers International (CIGI.TO), FirstService Corporation (FSV.TO) and Constellation Software (CSU.TO) also ended notably higher.

Canadian Imperial Bank of Commerce (CM.TO) fell 7.7%. The bank reported a net income of $1,185 million for the fourth quarter of 2022, compared with net income of $1,440 million in the year-ago quarter.

Bank of Montreal (BMO.TO) reported fourth-quarter net income of $4,483 million, compared with $2,159 million in the year-ago quarter. Adjusted net income came in at $2,136 million for the fourth quarter, compared with $2,226 million a year ago. The stock gained about 1.25%.

TD Bank Group (TD.TO) shares gained 2.6%. The bank reported fourth-quarter net income available to common shareholders of C$6.56 billion or C$3.62 per share, up sharply from C$3.72 billion or C$2.04 per share in the year-ago quarter.

Enerplus Corp (ERF.TO), Atco (ACO.Y.TO), Cameco Corporation (CCO.TO), Suncor Energy (SU.TO), Nutrien (NTR.TO), TFI International (TFII.TO), Tourmaline Oil Corp (TOU.TO) and CCL Industries (CCL.B.TO) shed 1 to 4%.

On the economic front, Markit Economics said the S&P Global Canada Manufacturing PMI rose to 49.6 in November of 2022, from 48.8 in September, marking the fourth straight month of contraction in manufacturing activity.

Data from Statistics Canada showed labor productivity for Canadian businesses rose by 0.6% in the third quarter, after a downwardly revised 0.1% increase in the previous period.

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 | 13 h 44 min atrás

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 | 16 h 39 min atrás

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 | 17 h 50 min atrás

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 | 18 h 4 min atrás

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 | 19 h 26 min atrás

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 | 19 h 35 min atrás

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 | 19 h 43 min atrás

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 | 21 h 42 min atrás

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