Bay Street Likely To Open Slightly Higher

RTTNews | 12h 0minuter sedan

(RTTNews) - Canadian shares are likely to open slightly higher on Wednesday. The mood is likely to remain cautious as market awaits the Federal Reserve's monetary policy announcement later in the day.

The Fed is widely expected to hold rates. The bank's accompanying statement is in focus for views about growth and future policy moves.

Rising tensions in the Middle East, and worries about growth due to Trump's tariffs are likely to weigh on sentiment.

Israeli airstrikes on Gaza killed over 400, reigniting a conflict that has claimed 48500 Palestinian lives.

Adding to the unease, Russian President Vladimir Putin rejected an immediate and full ceasefire in Ukraine, agreeing only to halt attacks on energy infrastructure for 30 days.

Boyd Group Services (BYD.TO) reported net earnings of US$ 2.4 million of US$ 0.11 per share for the three months ended December 31, 2024, compared with US $19.1 million or US $0.89 per share a year earlier.

B2Gold Corp (BTO.TO) announced on Tuesday that the Phase 2 expansion of the Fekola Solar Plant is complete and operational, two years after construction began. The expansion of the Fekola Solar Plant included the construction of an additional 46,200 solar panels, increasing the total panel count to 142,912, the company said.

The Canadian market ended modestly lower on Tuesday as hot inflation data, and growth worries due to Trump's tariffs weighed on sentiment. Also, investors stayed cautious ahead of the Federal Reserve's monetary policy announcement, due on Wednesday.

A bigger than expected rise in inflation has raised concerns that the Bank of Canada will go slow on monetary easing.

The benchmark S&P/TSX Composite Index closed down 79.04 points or 0.32% at 24,706.07, recovering well from a low of 24,572.33.

Asian stocks ended mixed as Middle East tensions escalated, and investors awaited the Federal Reserve's projections for economic growth and inflation against the backdrop of U.S. President Donald Trump's aggressive stance on tariffs.

European stocks are turning in a mixed performance with investors looking ahead to the Federal Reserve's policy announcement due later in the day, and the Bank of England's rate decision on Thursday. Geopolitical concerns and concerns about growth due to Trump's tariffs are weighing on sentiment.

In commodities, West Texas Intermediate Crude oil futures are down marginally at $68.86 a barrel.

Gold futures are gaining $6.10 or 0.2% at $3,046.90 an ounce, while Silver futures are down $0.188 or 0.55% at $34.630 an ounce.

Swiss Market Ends Marginally Down

Save for a few minutes around mid morning, and for a brief while in the final hour, the Switzerland market remained in negative territory on Wednesday as investors stayed reluctant to make significant moves ahead of policy announcements from the Federal Bank and Swiss National Bank.

RTTNews | 5h 30minuter sedan

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday with investors largely making cautious moves ahead of the Federal Reserve's policy announcement. Geopolitical tensions and worries about outlook for growth due to U.S. tariffs and threats of more levies weighed on sentiment.

RTTNews | 5h 46minuter sedan

Fed Leaves Interest Rates Unchanged, Still Sees Rate Cuts This Year

In an almost universally expected move, the Federal Reserve on Wednesday announced its decision to once again leave interest rates unchanged, but projections signaled the central bank is still likely to lower rates later this year. The Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.

RTTNews | 5h 58minuter sedan

U.S. Dollar Higher Ahead Of Fed Decision

The U.S. dollar advanced against its major counterparts in the New York session on Wednesday, ahead of the Federal Reserve's monetary policy announcement, due shortly.

RTTNews | 6h 19minuter sedan

Canadian Market Up Firmly In Positive Territory; Technology Stocks Up Sharply

The Canadian market is up firmly in positive territory in early afternoon trades on Wednesday with stocks from technology, energy and consumer staples sectors moving higher on strong buying support.

RTTNews | 7h 12minuter sedan

Vonovia FY24 Net Loss Narrows; Sees Growth Ahead

German real estate major Vonovia SE reported Wednesday a net loss in its fiscal 2024, but significantly narrower than last year, mainly with growth in revenues. The company also announced higher dividend, and its fiscal 2025 outlook, expecting higher adjusted EBITDA, a key earnings metric. The company added that it is very confident as it looks ahead to this year and beyond, with the development..

RTTNews | 10h 10minuter sedan

FDA Launches Operation Stork Speed To Review Infant Formulas

The U.S. Food and Drug Administration, along with the U.S. Department of Health and Human Services or HHS, launched an initiative to expand options for safe, reliable, and nutritious infant formula, the sole source of nutrition for infants as an alternative to human milk. Under the leadership of U.S. Health Secretary Robert F. Kennedy Jr., the initiative, named "Operation Stork Speed,"...

RTTNews | 10h 48minuter sedan

Eurozone Inflation Eases To 2.3%

Eurozone inflation eased more than initially estimated to a three-month low in February, as sluggish economic activity impeded price pressures, official data revealed on Wednesday. The harmonized index of consumer prices rose 2.3 percent on a yearly basis in February, slower than the 2.5 percent increase in January, final data from Eurostat showed. The February rate was revised down from 2.4 perc

RTTNews | 11h 29minuter sedan

EURUSD	1.09022	GBPUSD	1.30018	AUDUSD	0.63544
USDJPY	148.689	USDCAD	1.43197	USDCHF	0.87768

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Bay Street Likely To Open Slightly Higher