Canadian Market Up Sharply On All-round Buying

RTTNews | 964 dias atrás
Canadian Market Up Sharply On All-round Buying

(RTTNews) - Canadian stocks are up sharply in early afternoon trades on Friday, extending morning gains, thanks to sustained buying in healthcare, technology, energy and materials shares.

Several stocks from financials, consumer, industrials and real estate sectors are also up with strong gains.

The benchmark S&P/TSX Composite Index is up 285.10 points or 1.47% at 19,698.10 nearly half an hour past noon.

On the economic front, data from Statistics Canada showed the Canadian economy shed 39,700 jobs in August of 2022. Full time employment in Canada decreased 77,200 in August, while part-time employment increased to 37,500 in the monthm from -17,500 in July.

The unemployment rate in Canada rose to 5.4% in August of 2022 from the record-low of 4.9% observed in the previous two months.

Shopify Inc (SHOP.TO) is rising nearly 6.5%. goeasy (GSY.TO), Cogeco Inc (CGO.TO), Cogeco Communications (CCA.TO), Precision Drilling (PD.TO), BRP Inc (DOO.TO), Nutrien (NTR.TO), Boyd Group Services (BYD.TO), Loblaw Companies (L.TO), Bank of Montreal (BMO.TO) and Constellation Software (CSU.TO) are up 2 to 5%.

Dollarama Inc. (DOL.TO) said its diluted net earnings per common share increased by 37.5% to $0.66 in the second quarter from $0.4 a year ago. The stock is gaining about 1.3%.

read more
Yen Slides As Bank Of Japan Retains Rate As Expected

Yen Slides As Bank Of Japan Retains Rate As Expected

The Japanese yen weakened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its interest rate unchanged for the second consecutive meeting and downgraded its growth projections citing trade tariff threats.
RTTNews | 1h 59min atrás
Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid increased risk-on mood, as traders booked some profits after the recent upside in markets and a report showing the U.S. economy unexpectedly shrank in the first three months of 2025 generated some optimism about the outlook for interest rates.
RTTNews | 2h 14min atrás
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 3h 24min atrás
Bank Of Japan Retains Rate As Expected; Cuts Growth Outlook Amid Tariff Uncertainty

Bank Of Japan Retains Rate As Expected; Cuts Growth Outlook Amid Tariff Uncertainty

The Bank of Japan left its interest rate unchanged for the second consecutive meeting on Thursday, and downgraded its growth projections citing trade tariff threats. The policy board decided, by a unanimous vote, to hold the uncollateralized overnight call rate to remain at around 0.50 percent. This was the highest level since the global financial crisis in 2008.
RTTNews | 3h 25min atrás
European Economic News Preview: UK Mortgage Approvals, Factory PMI Due

European Economic News Preview: UK Mortgage Approvals, Factory PMI Due

Mortgage approvals and final manufacturing Purchasing Managers' survey results from the UK are the major reports due on Thursday, while most of the European markets are closed for the Labor day holiday. At 2.30 am ET, Switzerland's Federal Statistical Office releases retail sales data for March. Sales are forecast o grow 1.9 percent on a yearly basis, following a 1.6 percent rise in February.
RTTNews | 3h 50min atrás