TSX Snaps 4-day Losing Streak, Ends On Buoyant Note

RTTNews | 238 ngày trước
TSX Snaps 4-day Losing Streak, Ends On Buoyant Note

(RTTNews) - The Canadian market snapped a 4-day losing streak and ended on a buoyant note on Thursday with stocks from across several sectors moving up north on sustained buying support. Some encouraging earnings announcements, upbeat U.S. jobless claims data, and bargain hunting contributed to market's rise.

The benchmark S&P/TSX Composite Index opened modestly higher and stayed firm right through the day's session to eventually close with a strong gain of 344.66 points or 1.58% at 22,225.61, after hitting a high of 22,288.79.

Healthcare, technology, energy, consumer discretionary, materials and financials shares posted impressive gains. Several stocks from other sectors moved up as well. Mirroring all-round buying, all the sectoral indices ended in green with solid gains.

Canadian Tire Corporation (CTC.A.TO) climbed 7.8% on strong results. The company reported net income of C$198.8 million or C$3.56 per share for the second quarter, significantly higher than C$99.4 million or C$1.76 per share in the same quarter a year ago, primarily due to exceptional items.

Docebo Inc (DCBO.TO) zoomed 14.3%. Shopify Inc (SHOP.TO) surged 7.2%. Boyd Group Services (BYD.TO) gained 5.7% on strong results. TerraVest Industries (TVK.TO), goeasy (GSY.TO) and Kinaxis Inc (KXS.TO) ended higher by 4 to 5%.

Quebecor Inc. (QBR.B.TO) climbed more than 3.5% after reporting adjusted net income of $205.1 million for the second quarter, up $22.8 million or 12.5% from a year ago.

ATS Corporation (ATS.TO) gained 2.5% after the company reported a net income of $35.3 million for the first quarter of its current financial year, compared to $47.7 million a year ago.

Cargojet (CJT.TO), Colliers International (CIGI.TO), Constellation Software (CSU.TO) and Fairfax Financial Holdings (FFH.TO) also posted impressive gains.

read more
More Pain Predicted For Japan Stock Market

More Pain Predicted For Japan Stock Market

The Japanese stock market on Thursday ended the two-day winning streak in which it had picked up almost 110 points or 0.3 percent. The Nikkei 225 now rests just above the 34,735-point plateau and it may take further damage on Friday.
RTTNews | 4h 2phút trước
South Korea Stock Market May Extend Losing Streak

South Korea Stock Market May Extend Losing Streak

The South Korea stock market has moved lower in two straight sessions, sinking almost 35 points or 1.4 percent along the way. The KOSPI now rests just above the 2,485-point plateau and it's likely to open under pressure again on Friday.
RTTNews | 4h 32phút trước
Swiss Market Ends Sharply Lower On Tariff Woes

Swiss Market Ends Sharply Lower On Tariff Woes

Swiss stocks fell sharply on Thursday, in line with equities across the globe, as U.S. President Donald Trump's sweeping tariff announcement fueled inflation and growth concerns, prompting investors to exit counters.
RTTNews | 10h 14phút trước
Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment

Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment

Canadian stocks are deep down in the red on Thursday, hurt by U.S. President Donald Trump's sweeping tariff announcement that is likely to trigger a global trade war, which could push up inflation and hinder economic growth. The benchmark S&P/TSX Composite Index, which crashed to 24,429.24, losing about 880 points, was down 737.43 points or 2.91% at 24,569.75 a little while ago.
RTTNews | 11h 26phút trước
U.S. Services Index Drops To Nine-Month Low In March

U.S. Services Index Drops To Nine-Month Low In March

U.S. service sector growth slowed by more than anticipated in the month of March, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI fell to 50.8 in March after inching up to 53.5 in February. While a reading above 50 still indicates growth, economists had expected the index to show a more modest decrease to 53.0.
RTTNews | 13h 12phút trước