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Materials, Financials Drive TSX Higher; Tech Stocks Slide
The S&P/TSX Composite Index rose 61.11 points to 35,394.89, supported by healthcare, materials, and financials gains. Bausch Health Companies surged 27% on higher earnings and raised guidance. Technology stocks declined sharply, with Lightspeed Commerce falling 14%.
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41 days ago
U.S. Economic Growth Unexpectedly Slows To 1.5% In Q2
U.S. economic growth unexpectedly slowed in the second quarter of 2026, according to a report released by the Commerce Department on Thursday. The report said real gross domestic product jumped by 1.5 percent in the second quarter after surging by 2.1 percent in the first quarter. Economists had expected GDP to shoot up by 2.3 percent.
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41 days ago
U.S. Consumer Prices Edge Down 0.1% In June, In Line With Estimates
A report released by the Commerce Department on Thursday showed a modest pullback in U.S. consumer prices in the month of June. The report said the personal consumption expenditures (PCE) price index slipped by 0.1 percent in June after climbing by an upwardly revised 0.5 in May.
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41 days ago
U.S. Weekly Jobless Claims Rebound Slightly Less Than Expected
The Labor Department released a report on Thursday showing a modest rebound in first-time claims for U.S. unemployment benefits in the week ended July 25th. The report said initial jobless claims rose to 197,000, an increase of 9,000 from the previous week's revised level of 188,000.
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41 days ago
Bank Of England Holds Key Rate In 6-3 MPC Split
The Bank of England maintained its interest rate in a split vote as renewed tensions in the Middle East reignited fears of high inflation becoming persistent. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 6-3 to hold the bank rate at 3.75 percent, which is the lowest rate since June 2023. Previously, the central bank had reduced the rate by 25 basis points each in August.
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41 days ago
Positive Start Likely On Bay Street
Canadian stocks may open higher on Thursday as firm precious metals prices may trigger some strong buying in the materials sector. Investors will also be reacting to a slew of corporate earnings announcements.
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41 days ago
Xerox Stock Up 26% On Q2 Turnaround, Raised FY26 Outlook
Shares of Xerox Holdings Corp. were climbing around 26 percent in the pre-market activity on the Nasdaq, after the office equipment manufacturer on Thursday raised its fiscal 2026 outlook, after reporting a profit in its second quarter, compared to prior year's loss.
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41 days ago
more news
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the European session on Thursday.
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41 days ago
UK Stocks Rally On Earnings; BOE Warns Of Inflation Risks
The FTSE 100 climbed to 10,948.54, up 0.37%, as the Bank of England maintained rates at 3.75% and warned that escalating Iran tensions could push inflation above 4%. Strong corporate earnings supported the market, though Middle East worries capped gains.
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41 days ago
Strong Earnings Lift French Stocks Despite Geopolitical Headwinds
French equities climbed Thursday as positive corporate earnings overshadowed geopolitical concerns. The CAC 40 gained 0.99% to 8,491.68, with Schneider Electric surging 8.5% on a 30% net income jump. France's Q2 GDP grew 0.2% quarter-on-quarter, matching expectations.
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41 days ago
Indian Shares End Modestly Higher In Cautious Trade
Indian shares ended modestly higher on Thursday as continued buying in information technology stocks and signs of fresh foreign fund inflows offset worries about a surge in crude oil prices amid escalating Middle East tensions.
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41 days ago
German Stocks Mixed As Earnings, Geopolitics Weigh
German stocks swung between gains and losses Thursday as investors assessed earnings announcements and the impact of escalating U.S.-Iran conflict. The DAX fell 0.03% to 25,457.43. The Federal Reserve held interest rates with three FOMC dissents for a hike.
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41 days ago
Gold Marginally Higher Ahead Of PCE Price Data
Gold prices were little changed on Thursday as investors reacted to escalating Middle East tensions and pondered the outlook for U.S. monetary policy.
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41 days ago
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