TSX Ends At 2-year High; Materials, Energy Stocks Rise Sharply

RTTNews | 933 hari yang lalu
TSX Ends At 2-year High; Materials, Energy Stocks Rise Sharply

(RTTNews) - The Canadian market extended gains to a third straight session and ended at a 2-year high on Wednesday as energy and materials shares rallied on firm commodity prices.

The benchmark S&P/TSX Composite Index, which opened flat 21,838.07, climbed to 22,008.04 around late morning, and stayed firm right till the end of the day's session to settle with a gain of 139.09 points or 0.64% at 21,970.11, the highest close since April 2022.

The Materials Capped Index climbed 2.95%. First Quantum Minerals (FM.TO) soared 12.5%. Lundin Mining Corp (LUN.TO) zoomed 9.65%. Teck Resources (TECK.B.TO) and Capstone Mining Corp (CS.TO) ended higher by 8% and 7.9%, respectively. Ero Copper (ERO.TO), Ivanhoe Mines (IVN.TO), Hudbay Minerals (HBM.TO), Equinox Gold Corp (EQX.TO), Silvercrest Metals (SIL.TO) and Osisko Mining (OSK.TO) gained 5.5 to 7%.

The Energy Capped Index moved up 1.7%. International Petroleum Corp (IPCO.TO), Tamarack Valley Energy (TVE.TO), MEG Energy Corp (MEG.TO), Cenovus Energy (CVE.TO), Canadian Natural Resources (CNQ.TO), Baytex Energy (BTE.TO) and Nuvista Energy (NVA.TO) gained 2 to 3%.

Technology stocks Hut 8 Corp (HUT.TO) rallied more than 8%. Copperleaf Technology Solutions (CPLF.TO) gained about 3.4%, while Converge Technology Solutions (CTS.TO) and Shopify Inc (SHOP.TO) advanced 3% and 2.86%, respectively. Open Text Corp (OTEX.TO) and BlackBerry (BB.TO) also posted strong gains.

Consumer discretionary stocks Aritzia Inc (ATZ.TO), Gildan Activewear (GIL.TO) and Mty Food Group (MTY.TO) ended higher by 3.7%, 3.5% and 2.35%, respectively.

Communications shares Quebecor Inc (QBR.B.TO) ended down 2.6%. BCE Inc (BCE.TO) and Telus Corp (T.TO), both ended lower by about 1.25%.

baca selengkapnya
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

Save for a few minutes at the start, the Switzerland market's benchmark index SMI stayed positive on Friday as lower oil prices and bond yields helped underpin sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
RTTNews | 5 jam 41 menit yang lalu
Canadian Market Remains Firmly Up In Positive Territory

Canadian Market Remains Firmly Up In Positive Territory

The Canadian market is up firmly in positive territory around noon on Friday thanks to weak oil prices and lower bond yields aiding sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
RTTNews | 7 jam 22 menit yang lalu
U.S. Factory Orders Inch Up In Line With Estimates In August

U.S. Factory Orders Inch Up In Line With Estimates In August

A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.
RTTNews | 9 jam 28 menit yang lalu
U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.
RTTNews | 9 jam 55 menit yang lalu
Euro Slides Against Majors

Euro Slides Against Majors

The euro weakened against other major currencies in the European session on Friday.
RTTNews | 10 jam 29 menit yang lalu
Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Retail giant Walmart Inc. is recalling around 4.478 million units of metal wire bristle grill brushes, citing risk of ingestion and internal injuries, according to the U.S. Consumer Product safety Commission or CPSC. The recall involves certain Walmart Expert Grill brushes with black plastic or stainless-steel handles. Some brushes come with metal scraper attached.
RTTNews | 10 jam 33 menit yang lalu
Bay Street Headed For Positive Start

Bay Street Headed For Positive Start

Canadian stocks look headed for a positive start on Friday with concerns about inflation and interest rates easing a bit following a sharp drop in oil prices. Bond yields have dropped as well. U.S. non-farm payroll data for the month of September is likely to make an impact on investor sentiment.
RTTNews | 10 jam 52 menit yang lalu