financetom
World
financetom
/
World
/
CANADA STOCKS-Toronto market ends higher as commodity prices rally
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-Toronto market ends higher as commodity prices rally
Jun 18, 2024 1:46 PM

*

TSX ends up 0.1% at 21,611.30

*

Energy rallies 1.6%; oil settles 1.5% higher

*

Ballard Power ( BLDP ) up on technology partnership

*

Materials group adds 0.7%

(Updates at market close)

By Fergal Smith

June 18 (Reuters) - Canada's main stock index ended a

three-day losing streak on Tuesday as higher commodity prices

boosted resource shares, but the gain was modest with investors

weighing U.S. retail sales data that fell short of expectations.

The S&P/TSX ended up 23.42 points, or 0.1%, at

21,611.30, after it posted on Monday its lowest closing level in

three months.

U.S. retail sales barely rose in May and data for the prior

month was revised considerably lower, suggesting that economic

activity remained lackluster in the second quarter. Canada sends

about 75% of its exports to the United States.

The data disappointed, "adding to the evidence of a slowing

U.S. economy," Colin Cieszynski, chief market strategist at SIA

Wealth Management, said in a note.

The energy sector rallied 1.6% as the price of oil

extended its recent gains, settling 1.5% higher at $81.57

a barrel, on escalating tensions in Europe and the Middle East.

Ballard Power Systems ( BLDP ) jumped 6.8% after the fuel

cell manufacturer announced a technology partnership with

packaging firm Vertiv ( VRT ).

The materials group, which includes metal miners

and fertilizer companies, added 0.7% as gold and copper prices

rose.

Information technology was a drag, slipping 1.1%,

with Lightspeed Commerce Inc ( LSPD ) ending 5.5% lower.

Industrials and real estate both lost 0.5%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
EMERGING MARKETS-Ringgit holds losses after central bank rate hold; Asian FX dip on firm dollar
EMERGING MARKETS-Ringgit holds losses after central bank rate hold; Asian FX dip on firm dollar
May 26, 2025
* Malaysia central bank holds rates steady, ringgit down * Chinese military, defense stocks rise on India-Pakistan conflict * Markets await key Taiwan, China trade data (Updates for Afternoon trade) By Roushni Nair May 8 (Reuters) - The Malaysian ringgit held on to losses on Thursday after the country's central bank kept interest rates steady in a widely expected move,...
European shares rise as Trumps signals 'major' trade deal
European shares rise as Trumps signals 'major' trade deal
May 26, 2025
(Reuters) -European shares climbed on Thursday after U.S. President Donald Trump signalled progress toward a first trade deal in his global tariff dispute, boosting market sentiment. The pan-European STOXX 600 index was up 0.3%, as of 0707 GMT. Other regional indexes were also trading in positive territory, except for Spain, which fell 0.4%. Trump posted on Truth Social that he...
GLOBAL MARKETS-Shares lifted by trade deal hopes, dollar holds post-Fed gains
GLOBAL MARKETS-Shares lifted by trade deal hopes, dollar holds post-Fed gains
May 26, 2025
* European shares higher on reports of US-UK trade deal * BoE expected to cut rates after Sweden and Norway holds * Fed caution supports dollar in FX markets * Oil edges out of recent trough By Marc Jones LONDON, May 8 (Reuters) - World shares inched higher on Thursday buoyed by U.S. President Donald Trump's promise of a first...
Japan's Nikkei ends higher; NTT Data surges on takeover report
Japan's Nikkei ends higher; NTT Data surges on takeover report
May 26, 2025
(Updates with closing prices) TOKYO, May 8 (Reuters) - Japan's Nikkei share average rose on Thursday as chip-related shares tracked a rally in U.S. semiconductor stocks, while NTT Data ( NTTDF ) surged following a takeover report. The Nikkei ended 0.41% higher at 36,928.63 after breaking a seven-day winning run on Wednesday. The broader Topix reversed course to end 0.09%...
Copyright 2023-2026 - www.financetom.com All Rights Reserved