TSX Ends Weak On Tariff Fears

RTTNews | 586 hari yang lalu

(RTTNews) - Canadian stocks closed weak on Thursday, weighed down by fears of fresh levies by the Trump administration on more goods sometime soon.

The U.S. President, who previously announced duties on cars, semiconductors and pharma products imported into America, has announced plans to unveil fresh tariffs on lumber and forest products, which could significantly hurt Canada.

Investors reacted to a slew of corporate earnings updates and digested the nation's producer prices data.

The benchmark S&P/TSX Composite Index ended with a loss of 112.08 points or 0.44% at 25,514.08, nearly 80 points off an early low of 25,436.88.

Technology, consumer staples and industrials stocks closed weak. Healthcare and materials shares found good support.

TFI International shares tanked nearly 21% after fourth-quarter net income dropped to $88.1 million, from $131.4 million in the fourth quarter of the previous year. Adjusted net income for the latest quarter was $101.8 million compared to $147.0 million in the corresponding quarter of the previous year.

Celestica, Telesat Corporation, BRP Inc., Shopify Inc., Aritzia, EQB, iA Financial Corporation, Colliers International, Docebo and Jamieson Wellness lost 3 to 5.4%.

Cenovus Energy closed 2.8% down. The company reported net earnings of $146 million for the fourth quarter of 2024, compared to $743 million in the year-ago quarter.

Loblaw Companies closed down 2.6% after the company reported fourth-quarter net earnings of $462 million, a decrease of $79 million or 14.6% from the year-ago quarter.

George Weston, goeasy, Cargojet, MTY Food Group, Stantec, AtkinsRealis, Sun Life Financial, Kinaxis, RB Global and Descartes Systems Group closed lower by 1.3 to 2.4%.

Innergex Renewable Energy soared nearly 11%. Bausch Health Companies surged nearly 10%.

First Majestic Silver Corp, Ivanhoe Mines, Capstone Copper Corp, Manulife Financial Corporation and TransAlta Corporation climbed 6.4 to 7.2%. TransAlta said it posted a net loss of$65 million, or $0.22 per share in the fourth quarter of 2024, compared to $84 million, or $0.27 per share, for the same period in 2023.

Torex Gold Resources, AGF Management, Dundee Precious Metals, Aya Gold & Silver, Pan American Silver Corp, CCL Industries, Lundin Mining and Parex Resources gained 3 to 5.6%.

Data from Statistics Canada showed new home prices in Canada decreased by 0.1% month-over-month in January. The house price index remained unchanged at 0.1% in January, same as in January last year.

Industrial producer prices in Canada rose by 1.6% over a month in January following a 0.4% increase in December. On yearly basis, producer prices jumped by 5.8%, to the highest level in the past 12 months.

baca selengkapnya

Australian Dollar Falls Following Economic Data

The Australian dollar weakened against other major currencies in the Asian session on Wednesday, despite the releases of economic data from Australia and China.

RTTNews | 1 jam 27 menit yang lalu

European Markets Seen Rising On Wednesday

A strong positive sentiment is expected to prevail in European stock markets on Wednesday amidst a sharp decline in Fed rate hike expectations. The decline in crude oil prices, the easing in bond yields and the dollar's retreat are also expected to bolster sentiment. Anxiety ahead of the release of PCE-based inflation readings from the U.S. on Wednesday morning is however expected to limit gains.

RTTNews | 3 jam 27 menit yang lalu

Australian Dollar Falls Against Majors

The Australian dollar weakened against other major currencies in the Asian session on Wednesday.

RTTNews | 3 jam 35 menit yang lalu

Australia Inflation Rises In August

Australia's consumer price inflation accelerated in August on higher housing and transport costs, the Australian Bureau of Statistics said Wednesday. Consumer price inflation rose to 4.0 percent from 3.5 percent in July. Inflation continues to remain above the central bank target range of 2-3 percent.

RTTNews | 4 jam 18 menit yang lalu

China Private Sector Growth Improves

China's manufacturing and services sectors expanded at faster rates in September as robust new orders underpinned employment, survey results from S&P Global showed Wednesday. The RatingDog China general manufacturing Purchasing Managers' Index rose to 52.1 in September from 51.5 in August. The score was seen at 51.7. The index has remained above the 50.0 no-change mark.

RTTNews | 4 jam 48 menit yang lalu

Australian Market Sharply Extends Early Gains In Mid-market

The Australian market is sharply extending its early gains in mid-market moves on Wednesday after opening in the red, adding to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving up to near the 8,800 level, despite the negative cues from Wall Street overnight, with gains in gold miners and energy stocks partially offset by weakness in iron ore miner and financial stocks.

RTTNews | 6 jam 34 menit yang lalu

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as tumbling crude oil prices on easing supply concerns as Saudi Arabia restored half of the capacity of its East-West pipeline, allaying fears of global inflation and aggressive interest rate hikes. Asian markets closed mixed on Tuesday.

RTTNews | 6 jam 41 menit yang lalu

Indian Shares Likely To Open On Mixed Note

Lower GIFT Nifty and fairly steady Asian markets point to a somewhat mixed start for Indian shares Wednesday morning. Elevated crude oil prices and elusive U.S.-Iran deal to reopen the Strait of Hormuz are likely to weigh on sentiment.

RTTNews | 7 jam 6 menit yang lalu

EURUSD	1.1361	GBPUSD	1.32816
USDJPY	156.992	USDCAD	1.41806