Canadian Market Up Marginally In Cautious Trade

RTTNews | 1208 days ago
Canadian Market Up Marginally In Cautious Trade

(RTTNews) - Canadian stocks are turning in a mixed performance amid thin volumes on Monday. The benchmark index is up marginally thanks to gains in select healthcare, energy and financials shares.

News that U.S. President Joe Biden and Congressional Republican McCarthy agreed on a debt ceiling deal on Saturday to avert a fast-approaching default in early June is aiding sentiment.

Biden and McCarthy agreed on Saturday to avert an economically destabilizing default by suspending the $31.4 trillion debt ceiling until 2025.

With the U.S. market closed today for Memorial Day, the volume of business in quite thin, and activity is mostly stock specific.

The benchmark S&P/TSX Composite Index is up 36.29 points or 0.18% at 19,956.60 a little past noon.

Canadian Western Bank (CWB.TO) is gaining about 5%. Sprott Inc (SII.TO), ATS Corporation (ATS.TO), Cogeco Communications (CCA.TO), Cogeco Inc (CGO.TO), Stantec Inc (STN.TO), Onex Corporation (ONEX.TO), Toronto-Dominion Bank (TD.TO) and Colliers International (CIGI.TO) are up 1 to 2.3%.

Restaurant Brands International (QSR.TO), Rogers Communications (RCI.A.TO), Alimentation Couche-Tard (ATD.TO) and Fairfax Financial Holdings (FFH.TO) are declining 1 to 1.4%.

read more
U.S. Dollar Slips As Focus Shifts To Upcoming Trump's Meet With GCC Leaders

U.S. Dollar Slips As Focus Shifts To Upcoming Trump's Meet With GCC Leaders

The U.S. Dollar value ticked lower on Friday after U.S. President Donald Trump hinted at returning to a possible military confrontation with Iran. Trump is planning to take a call after his upcoming meeting with the leaders of the Gulf Cooperation Council on Tuesday in New York.
RTTNews | 4h 14min ago
Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

The Switzerland stock market closed notably lower on Friday, in line with markets across Europe as worries about inflation and uncertainty about central banks' monetary policy moves rendered the mood cautious.
RTTNews | 6h 54min ago
European Stocks Fall As Central Bank Signals Weigh On Sentiment

European Stocks Fall As Central Bank Signals Weigh On Sentiment

European stocks declined Friday amid caution over monetary policy and inflation outlooks from major central banks. The ECB survey showed Euro Zone inflation expectations rose to 3% from 2.9%, while the Bank of Japan raised rates by 25 basis points.
RTTNews | 7h 26min ago
U.S. Leading Economic Index Unexpectedly Edges Lower In August

U.S. Leading Economic Index Unexpectedly Edges Lower In August

A report released the Conference Board on Friday unexpectedly showed a modest decrease by its reading on leading U.S. economic indicators in the month of August. The Conference Board said its leading economic index edged down by 0.1 percent in August after rising by 0.2 percent in July. Economists had expected the index to inch up by 0.1 percent.
RTTNews | 11h 1min ago
U.S. Industrial Production Unexpectedly Flat In August

U.S. Industrial Production Unexpectedly Flat In August

With a jump in utilities output offset by a decrease in manufacturing output, the Federal Reserve released a report on Friday showing U.S. industrial production unexpectedly came in flat in the month of August. The Fed said industrial production was unchanged in August after rising by an unrevised 0.2 percent in July. Economists had expected industrial production to climb by 0.3 percent.
RTTNews | 11h 9min ago
UK Retail Sales Recover Unexpectedly

UK Retail Sales Recover Unexpectedly

UK retail sales rebounded unexpectedly in August underpinned by online shopping and warm weather boosted sales of seasonal items, data from the Office for National Statistics revealed Friday. Retail sales grew 0.5 percent on a monthly basis, offsetting July's 0.5 percent fall. Sales were expected to drop 0.2 percent.
RTTNews | 11h 52min ago
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian stocks are likely to open on mixed note on Friday, with investors tracking commodity prices and assessing recent monetary policy moves and weighing inflation outlook. Activity for most part of the session could be a bit lackluster amid a lack of fresh data or corporate news.
RTTNews | 12h 28min ago