TSX Rises To New Record High, Settles Above 25k Mark

RTTNews | Pred 11 h 49 min

(RTTNews) - The Canadian market settled higher on Thursday with the benchmark S&P/TSX Composite Index moving on to a new record high, riding on strong gains in the energy sector. In addition to reacting to a slew of earnings updates, investors also digested a mixed batch of economic data from the U.S.

Profit taking in technology stocks and fading hopes of aggressive interest rate cuts by the Federal Reserve limited market's upside.

The benchmark S&P/TSX Composite Index, which climbed to a new all-time high of 25,137.70, settled with a gain of 60.65 points or 0.24% at 25,049.67, closing past the 25,000 mark for the first time.

AutoCanada (ACQ.TO) zoomed 25%. Tenaz Energy Corp (TNZ.TO) gained about 18.4% and AtkinsRealis Group (ATRL.TO) rallied 15.7%.

Paramount Resources closed with a big gain of 15.3% after the company announced that it has entered into a purchase and sale agreement with Ovintiv Inc., and one of its wholly-owned subsidiaries (together, "Ovintiv") pursuant to which Ovintiv will acquire Paramount's Karr, Wapiti and Zama properties for $3.325 billion in cash plus certain Horn River Basin properties of Ovintiv.

Pollard Banknote (PBL.TO) climbed 10.5%. Vermilion Energy (VET.TO) gained 6.8%. Maple Leaf Foods (MFI.TO) closed up 5.2%. Aecon Group (ARE.TO), CI Financial Corp (CIX.TO), Parklans Corporation (PKI.TO), Imperial Oil (IMO.TO), Precision Drilling Corporation (PD.TO), Agnico Eagle Mines (AEM.TO), Suncor Energy (SU.TO), Brookfield Business Partners (BBU.UN.TO), Boyd Group Services (BYD.TO) and Franco-Nevada Corporation (FNV.TO) gained 2 to 4%.

Aya Gold & Silver Inc (AYA.TO) tanked 20% after reporting net loss of $263 million for the third quarter, compared with net income of $1,206 million a year ago.

Mattr Corp (MATR.TO) lost 10%. The company reported net income of $7.18 million for the quarter ended September 30, 2024, compared with $55.4 million in the year-ago quarter.

CCL Industries (CCL.A.TO), Hut 8 Corp (HUT.TO), Shopify Inc (SHOP.TO), Open Text Corporation (OTEX.TO), Docebo Inc (DCBO.TO), CGI Inc (GIB.A.TO), Kinaxis Inc (KXS.TO), Bombardier Inc (BBD.B.TO) and CCL Industries (CCL.B.TO) lost 3 to 10%.

FDA Approves PTC's Kebilidi As First Gene Therapy To Treat AADC Deficiency

The U.S. Food and Drug Administration approved PTC Therapeutics, Inc.'s Kebilidi (eladocagene exuparvovec-tneq) gene therapy for the treatment of aromatic L-amino acid decarboxylase or AADC deficiency. Kebilidi is the first FDA-approved gene therapy for the deficiency. PTC shares gained around 8.5 percent in the extended trading on the Nasdaq on Thursday.

RTTNews | Pred 5 h 8 min

European Shares Set To Drift Lower After Powell Comments

European stocks may open on a sluggish note Friday after Federal Reserve Chair Jerome Powell signaled a cautious approach on rate cuts, given persistent inflationary pressures.

RTTNews | Pred 5 h 15 min

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders react to a bunch of upbeat economic data from the region, including upbeat GDP data from Japan. Regional gains remained very modest after the U.S. Fed said it would slash interest rates carefully amid inflation pressures. Asian markets ended mixed on Thursday.

RTTNews | Pred 7 h 25 min

Indian Markets Closed For Public Holiday

Indian stock markets remain closed today on account of Guru Nanak Jayanti.

RTTNews | Pred 8 h 27 min

China Industrial Output Rises 5.3% On Year In October

Industrial production in China was up 5.3 percent on year in October, the National Bureau of Statistics said on Friday - slowing from 5.4 percent in September and missing expectations for 5.5 percent.

RTTNews | Pred 8 h 37 min

Japanese Market Significantly Higher

Snapping a three-session losing streak, the Japanese stock market is significantly higher on Friday, despite the broadly negative cues from Wall Street overnight. The benchmark Nikkei 225 is moving well above the 38,800 level, with gains across all sectors led by index heavyweights and technology stocks as traders reacted to solid domestic GDP data.

RTTNews | Pred 8 h 39 min

Thai Shares Tipped To Open In The Red On Friday

The Thai stock market turned lower again on Thursday, one day after snapping the three-day losing streak in which it had slumped almost 25 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,450-point plateau and it's expected to open under pressure again on Friday.

RTTNews | Pred 8 h 54 min

Australian Market Notably Higher

The Australian stock market is notably higher on Friday, adding to the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 8,200 level, with gains across most sectors led by gold miners and technology stocks.

RTTNews | Pred 9 h 15 min

EURUSD	1.05411	GBPUSD	1.26761	AUDUSD	0.64637
USDJPY	156.424	USDCAD	1.40624	USDCHF	0.88919