TSX Ends Higher For 6th Straight Day

RTTNews | 840 days ago
TSX Ends Higher For 6th Straight Day

(RTTNews) - The Canadian stock market ended on a strong note on Friday, extending recent gains, amid easing concerns about interest rates and expectations about economic growth.

The soft inflation data from the Labor Department on Thursday has raised hopes the Federal Reserve will slow its pace of rate hikes in the coming months.

The benchmark S&P/TSX Composite Index ended with a gain of 148.90 points or 0.74% at 20,360.10, gaining for a sixth straight session. The index touched a low of 20,147.57 and a high of 20,379.95.

Technology stocks turned in a fine performance. Industrials, consumer staples and financials shares found good support. Stocks from other sectors ended mixed.

Hut 8 Mining Corp (HUT.TO), up 11.6%, was the top gainer in the Information Technology Capped index. Shopify Inc (SHOP.TO) climbed 6.1% and Tecsys Inc (TCS.TO) surged 3.5%. Celestica Inc (CLS.TO), Quarterhill (QTRH.TO), Nuvei Corp (NVEI.TO) and Descartes Systems Group (DSG.TO) also ended sharply higher.

Industrials shares Bombardier Inc (BBD.B.TO), Waste Connections (WCN.TO), Ballard Power Systems (BLDP.TO), Canadian Pacific Railway (CP.TO) and Gfl International (GFL.TO) gained 1.7 to 2.35%.

In the consumer staples section, Saputo Inc (SAP.TO) climbed about 3.25%. Alimentation Couche-Tard (ATD.TO) and Premium Brands Holdings Corp (PBH.TO) gained 1.12% and 1.02%, respectively.

Bank stocks Canadian Imperial Bank of Commerce (CM.TO), Bank of Nova Scotia (BNS.TO), Bank of Montreal (BMO.TO) and Toronto-Dominion Bank (TD.TO) gained 0.7 to 1.2%.

read more
Swiss Market Ends On Bright Note

Swiss Market Ends On Bright Note

The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.
RTTNews | 2h 35min ago
European Stocks Close On Buoyant Note

European Stocks Close On Buoyant Note

European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.
RTTNews | 2h 57min ago
Canadian Market Up Firmly In Positive Territory

Canadian Market Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States. Data showing a much higher than expected increase in U.S. non-farm payroll growth in the month of April is also aiding sentiment.
RTTNews | 3h 54min ago
U.S. Factory Orders Spike Slightly Less Than Expected In March

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
RTTNews | 5h 51min ago
U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.
RTTNews | 6h 45min ago
Eurozone Inflation Remains Stable At 2.2%

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.
RTTNews | 7h 9min ago
Eurozone Manufacturing Activity Shrinks At Slower Pace

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.
RTTNews | 7h 21min ago
Bay Street May Open Higher

Bay Street May Open Higher

The Canadian market is likely to open on a positive note on Friday, tracking firm European stocks amid easing concerns over U.S.-China trade tensions after Beijing stated its willingness to engage in tariff negotiations with the United States.
RTTNews | 7h 24min ago