Bay Street Likely To Open Notably Lower

RTTNews | 2 jam 42 menit yang lalu

(RTTNews) - The Canadian market looks headed for a weak start on Friday as technology and materials stocks are likely to be under pressure.

Renewed concerns about returns on AI-related investments, and disappointing earnings updates from Amazon and Intel may weigh on tech stocks. Sharply lower precious metals prices could weigh heavily on the materials sector.

Canadian GDP data for August, and corporate earnings could also make a notable impact on the mood.

Magna International Inc. reported net income of $383 million for the third quarter, compared to $305 million a year ago. Diluted earnings per share were $1.44, an increase of 33% from the comparable period.

Magna reaffirmed the midpoint of its 2026 outlook for adjusted EPS. Adjusted EPS is now projected in a range of $6.85 - $7.15, revised from previous guidance range of $6.70 - $7.30.

Canadian National Railway, Imperial Oil, Cameco and Jamieson Wellness will be in focus.

Canadian stocks ended nearly flat on Thursday as investors scrutinized the impact of yesterday's rate hike by the Bank of Canada on the Canadian economy and monitored the fresh U.S. outreach to Iran for planning a framework for negotiations.

The benchmark S&P/TSX Composite Index settled at 36,249.03, down by 16.06 points or 0.04%.

Asian stocks ended mixed on Friday, with tech and semiconductor shares falling amid ongoing AI-related concerns.

There was a sell-off across the AI value chain after Google parent Alphabet burnt through cash last quarter, Amazon signaled higher capital expenditures next year atop an already huge amount in 2026, and Intel warned about a faltering PC market.

European stocks are turning in a mixed performance today with investors reacting to a slew of earnings updates and the latest batch of economic data from the region.

In commodities, West Texas Intermediate Crude oil futures are up $2.10 or 2.05% at $104.10 a barrel.

Gold futures are down $55.00 or 1.37% at $3,976.40 an ounce, while Silver futures are down $2.21 or 4.2% at $50.17 an ounce.

baca selengkapnya

Chicago Business Barometer Pulls Back But Still Indicates Growth In October

Growth in Chicago-area business activity slowed moderately in the month of October, according to a report released by MNI Indicators on Friday. The report said the Chicago business barometer fell to 55.3 in October after spiking to 58.8 in September, although a reading above 50 still indicates growth. Economists had expected the business barometer to pull back to 56.0.

RTTNews | 39 menit yang lalu

Colgate-Palmolive Q3 Results Rise, Lifts FY26 Base Business EPS View; Stock Gains

Consumer products major Colgate-Palmolive Co., while reporting higher third-quarter results, on Friday confirmed fiscal 2026 outlook for earnings per share. Further, the firm raised guidance for Base Business earnings per share and gross profit margin, while narrowing sales growth view. In pre-market activity on the NYSE, the shares were gaining around 3.34 percent

RTTNews | 2 jam 34 menit yang lalu

UK Nationwide House Price Growth Softest Since 2024

UK house prices grew at the slowest pace since the start of 2024 as rising interest rate expectations weighed on the property market in October, data published by Nationwide Building Society showed Friday. House prices grew only 0.5 percent in October from the previous year. This was weaker than the 0.8 percent rise in September and economists' forecast of 0.6 percent.

RTTNews | 4 jam 10 menit yang lalu