Canadian Markets Ends Flat

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(RTTNews) - After a weak start and a subsequent swift recovery that resulted in a brief spell in positive territory, the Canadian market fell into the red around late morning on Monday, and finally ended the day's session on a flat note.

The mood was cautious with investors looking ahead to the U.S. Presidential election on Tuesday and the Federal Reserve's monetary policy announcement later in the week.

The benchmark S&P/TSX Composite Index ended at 24,256.06, up less than a point from the previous close. The index, which climbed to 24,353.36 early morning, dropped to a low of 24,162.22 at noon.

Energy stocks moved up as oil prices rose sharply. Real estate stocks were the other prominent gainers. Communications shares closed weak.

STEP Energy Services (STEP.TO) zoomed more than 40% after the company announced that it has entered into a definitive arrangement agreement with Alberta Ltd. and the limited partnerships comprising ARC Energy Fund 8 (a private equity fund advised by ARC Financial Corp.) (collectively, " ARC ") to take the Company private in an all-cash transaction.

Nutrien (NTR.TO), TerraVest Industries (TVK.TO), Brookfield Renewable Partners (BEP.UN.TO), Brookfield Renewable Corporation (BEPC.TO), Tecsys Inc (TCS.TO), Precision Drilling Corporation (PD.TO), Cogeco Inc (CGO.TO), Celestica Inc (CLS.TO) and Brookfield Asset Management (BAM.TO) gained 2.5 to 4.6%.

Dollarama Inc (DOL.TO), Bank of Nova Scotia (BNS.TO), EQB Inc (EQB.TO), TFI International (TFII.TO) and Boyd Group Services (BYD.TO) also moved up sharply.

BCE Inc (BCE.TO) tanked 9.7%. BCE announced today that its unit Bell Canada has entered into a definitive agreement to acquire Ziply Fiber in a deal with a transaction value of around C$7.0 billion. The consideration comprises around C$5.0 billion in cash and the assumption of outstanding net debt of around C$2.0 billion to be rolled over at transaction close.

Transcontinental Inc (TCL.B.TO) declined nearly 7%. Fairfax Financial Holdings (FFH.TO), ATCO Ltd (ACO.Y.TO), Cameco Corporation (CCO.TO), Sprott Inc (SII.TO) and Bombardier Inc (BBD.B.TO) lost 2 to 4%. Kinaxis Inc (KXS.TO), Bank of Montreal (BMO.TO) and goeasy (GSY.TO) also ended notably lower.

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, boosted by strong gains in markets in Japan, Indonesia and South Korea as traders remain optimistic about a 25-basis point rate cut by the US Fed in December after data showing consumer sentiment in the U.S. improved less than expected in November.

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Sensex, Nifty Set For Gap-up Opening

Indian shares may see a gap-up opening on Monday after BJP-led alliance scored significant victory in the Maharashtra state assembly elections, raising expectations for increased government spending to boost domestic demand.

RTTNews | 6h 54minuter sedan

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, adding to the gains in the previous session. The benchmark S&P/ASX 200 is moving above the 38,900 level, following the broadly positive cues from Wall Street on Friday, with gains across most sectors led by index heavyweights, financial and technology stocks after recent data showed headline inflation slowing to a nine-month low.

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Thai Stock Market Expected To Open In The Green On Monday

The Thai stock market rebounded on Friday, one day after snapping the three-day winning streak in which it had gathered more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just above the 1,445-point plateau and it's tipped to open to the upside again on Monday.

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Indonesia Stock Market May Add To Its Winnings On Monday

The Indonesia stock market on Friday ended the two-day losing streak in which it had slumped almost 55 points or 0.8 percent along the way. The Jakarta Composite Index now rests just beneath the 7,200-point plateau and it's expected to open in the green again on Monday.

RTTNews | 7h 55minuter sedan

Australian Market Notably Higher

The Australian stock market is currently trading notably higher on Monday, adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,400.00 level, with gains across most sectors led by mining, energy and technology stocks. Financial stocks are the only weak spot.

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Hong Kong Shares Due For Support On Monday

The Hong Kong stock market has moved lower in two straight sessions, dropping more than 470 points or 2.5 percent along the way. The Hang Seng Index now sits just beneath the 19,230-point plateau although it may stop the bleeding on Monday.

RTTNews | 8h 10minuter sedan

China Stock Market May Cut Into Friday's Losses

The China stock market on Friday halted the three-day winning streak in which it had advanced more than 35 points or 1 percent. The Shanghai Composite now sits just beneath the 3,270-point plateau although it's likely to make back some of that on Monday.

RTTNews | 8h 25minuter sedan

EURUSD	1.04782	GBPUSD	1.2594	AUDUSD	0.65241
USDJPY	154.112	USDCAD	1.39464	USDCHF	0.8908