Bay Street Seen Opening Slightly Higher

RTTNews | 420 days ago

(RTTNews) - Canadian shares may open higher Tuesday morning, riding on firm oil and metal prices. Investors, awaiting trade talks between Canadian and U.S. officials, also look ahead to Bank of Canada's interest rate decision, due on Wednesday.

In earnings news, Celestica Inc. (CLS.TO) reported second-quarter revenue of $2.89 billion, up 21% compared to $2.39 billion for second quarter of 2024.

TFI International (TFI.TO) reported second-quarter EPS of $1.34, compared to $1.71 a year ago.

George Weston reported EPS of $3.06 for the second-quarter, up from $2.93 per share in the year-ago quarter.

Air Canada posted earnings per share of $0.37 in the second quarter of 2025, compared to 0.98 in the corresponding quarter last year.

The Canadian market ended modestly lower on Monday, retreating from last week's record highs, as investors waited for some progress in U.S.-Canada trade talks.

The benchmark S&P/TSX Composite Index settled at 27,405.42, down by 88.93 points or 0.32%.

Asian stocks ended Tuesday's session on a mixed note as investors looked past the U.S.-EU trade deal and awaited the outcome of ongoing U.S.-China talks in Stockholm.

As the August 1 deadline nears, U.S. President Donald Trump said on Monday that most trading partners that do not negotiate separate trade deals would soon face tariffs of 15 percent to 20 percent on their exports to the United States and that some 200 countries would be notified soon of their new "world tariff" rate.

Investors also braced for big tech earnings, key U.S. economic indicators and upcoming Fed and BoJ rate decisions.

European stocks are up firmly in positive territory with investors reacting to a slew of corporate earnings updates and looking ahead to monetary policy announcements from the Federal Reserve and the Bank of Japan.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.27 or 0.4% at $66.98 a barrel.

Gold futures are up $7.90 or 0.23% at $3,317.90 an ounce, while Silver futures are gaining $0.054 or 0.13% at $38.270 an ounce.

Canadian Stocks Rise Again; TSX Hits Two-week High

The Canadian market is up firmly in positive territory on Tuesday, with the benchmark S&P/TSX Composite Index hitting a two-week high. Shopify surged 8.5% after saying that it was "partnering deeply" with Meta Platforms' Muse artificial intelligence agent.

RTTNews | 1h 19min ago

TSX Eyes Mixed Session On Geopolitical Uncertainty, Commodity Moves

Falling oil and precious metals prices threaten energy and materials stocks ahead of Tuesday's open. The S&P/TSX Composite Index closed Monday at 36,009.40, up 0.57%, supported by financials and tech.

RTTNews | 4h 46min ago

U.S. Stocks Likely To Open On Cautious Note

U.S. stocks look headed for a cautious start on Tuesday, as investors await some crucial geopolitical news for directional clues. Easing concerns about inflation following another sharp drop in oil prices could aid sentiment.

RTTNews | 5h 13min ago

UK Borrowing Overshoots Estimate

The UK government borrowing exceeded the government estimate in August as spending rose more than income, partly due to the impacts of inflation, data from the Office for National Statistics said Tuesday. Public sector net borrowing increased GBP 2.9 billion from the previous year to GBP 18.3 billion in August.

RTTNews | 5h 37min ago

AutoZone Q4 Profit, Comps Rise; Sees Sales Growth In FY27

AutoZone, Inc., an automotive replacement parts retailer, reported Tuesday higher profit in its fourth quarter with growth in net sales and same store sales. Looking ahead, the company said it is well positioned for sales growth in fiscal 2027. In the pre-market activity on the NYSE, the shares were gaining around 0.53 percent.

RTTNews | 5h 51min ago

U.K. Stocks Turning In Mixed Performance; FTSE 100 Up Marginally

U.K.'s equity benchmark FTSE 100 was up in positive territory a little past noon on Tuesday with stocks turning in a mixed performance as investors assessed the Middle East situation and looked ahead to U.S. President Donald Trump's speech at the U.N. General Assembly later in the day.

RTTNews | 6h 23min ago

French Stocks Rise As Oil Prices Fall On Strait Of Hormuz Prospects

French stocks advanced Tuesday amid sharp oil price declines tied to potential Strait of Hormuz reopening. Brent crude fell 2.6% to $97.60 a barrel. The CAC 40 rose 0.55% as geopolitical developments influenced investor sentiment.

RTTNews | 6h 48min ago

Indian Shares End Slightly Lower In Volatile Trade

Indian shares ended slightly lower after a choppy session on Tuesday as oil prices fluctuated after declining for four consecutive sessions, and hawkish signals from Federal Reserve policymakers reinforced expectations of further interest-rate hikes by the U.S. central bank this year.

RTTNews | 7h 19min ago

EURUSD	1.14342	GBPUSD	1.33267
USDJPY	157.512	USDCAD	1.40821