TSX Closes Higher For 3rd Straight Day

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(RTTNews) - Canadian stocks closed higher on Thursday, extending gains to a third straight session, with investors shifting their focus to earnings updates and expecting a couple of rate cuts by the Federal Reserve this year.

Shares from utilities, consumer staples and technology sectors were among the prominent gainers. A few stocks from communications, healthcare, industrials and financials sectors also posted notable gains. Energy stocks fell as oil prices dropped.

The benchmark S&P/TSX Composite Index ended higher by 56.90 points or 0.23% at 24,846.20, after scaling a low of 24,771.89 and a high of 24,884.20 intraday.

According to the data released by the Canada Mortgage & Housing Corporation, housing starts in Canada dropped by 13.35% month-over-month to 231,500 units in December, the lowest level in three months.

E-L-Financial Corporation Limited shares climbed 7%. Wajax Corporation (WJX.TO) gained 5.6% and Richelieu Hardware (RCH.TO) closed with a gain of 5%.

Molson Coors Canada (TPX.B.TO), Aritzia Inc (ATZ.TO), Celestica Inc (CLS.TO), Capital Power Corporation (CPX.TO), Emera Inc (EMA.TO), Brookfield Renewable Corporation (BEPC.TO) gained 2.5 to 4.6%.

Tecsys Inc (TCS.TO), iA Financial Corporation (IAG.TO), Fortis (FTS.TO), ATCO (ACO.X.TO), Linamar Corporation (LNR.TO), Colliers International (CIGI.TO), Canadian National Railway (CNR.TO) and Boyd Group Services (BYD.TO) also posted strong gains.

Haivision Systems (HAI.TO) tanked more than 12%. Haivision announced after trading hours on Wednesday that it posted a profit of $2.1 million, or $0.07 per share in the fourth quarter, compared with $2.5 million, or $0.08 per share in the fourth quarter of the previous year.

Dye & Durham (DND.TO), Torex Gold Resources (TXG.TO), First Quantum Minerals (FM.TO), Arc Resources (ARX.TO), MEG Energy (MEG.TO) and Bombardier Inc (BBD.B.TO) closed lower by 3 to 4.5%.

Suncor Energy (SU.TO), Ag Growth International (AFN.TO), Canadian Natural Resources (CNQ.TO), Tourmaline Oil Corp (TOU.TO), Franco-Nevada Corporation (FNV.TO), Canadian Western Bank (CWB.TO), Dollarama Inc (DOL.TO) and TC Energy Corp (TRP.TO) lost 1 to 2.2%.

European Shares Seen Tad Higher At Open

European stocks look set to open a tad higher on Tuesday after falling sharply in the previous session.

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Sensex, Nifty Decline On Growth Worries; IndusInd Bank And IT Stocks Hit Hard

Indian shares were subdued on Tuesday on concerns about U.S. President Donald Trump's flip-flop tariff policy and its impact on inflation, interest rates and global growth.

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Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Tuesday, following the broadly negative cues from Wall Street overnight, amid increasing worries the U.S. is headed for a recession and concerns over the health of the world economy following the likely impact of President Donald Trump's tariffs and trade policies. Asian markets closed mostly higher on Monday.

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Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Tuesday, but extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,900 level, with weakness is mining and technology stocks partially offset by gains in energy and financial stocks.

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Sensex, Nifty Set To Fall In Global Rout

Indian shares may follow global peers lower on Tuesday amid growing concerns about a potential U.S. recession.

RTTNews | 8h 51minuter sedan

Lower Open Called For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day slide in which it had tumbled almost 40 points or 3.2 percent. The Stock Exchange of Thailand now sits just above the 1,175-point plateau and it figures to see continued consolidation on Tuesday.

RTTNews | 9h 21minuter sedan

Losses May Accelerate For Indonesia Stock Market

The Indonesia stock market on Monday ended the three-day winning streak in which it had surged more than 350 points or 5.4 percent. The Jakarta Composite Index now sits just beneath the 6,600-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is broadly negative on recession fears and concerns over the health of the world economy. The European and U.S. markets finished sharply lower and the Asian bourses are expected to open under pressure as well.

RTTNews | 9h 51minuter sedan

Japanese Market Sharply Lower, Down 2.6%

The Japanese stock market is trading sharply lower on Tuesday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling well below the 36,100 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.

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EURUSD	1.0873	GBPUSD	1.29026	AUDUSD	0.62771
USDJPY	147.104	USDCAD	1.44276	USDCHF	0.8796

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TSX Closes Higher For 3rd Straight Day