Advertisment Stocks rose on Friday as Wall Street digested a better-than-expected non-farm payrolls report for April, which eased recession fears and lifted the S&P 500 for its longest winning streak in just over two decades. The Dow Jones Industrials popped 564.47 points, or 1.4%, to 41,317.43. The much broader index rose 82.53…
Equities in Canada’s biggest market went skyward on Friday and was on track for its fourth consecutive weekly gain, as signs of potential easing in U.S.-China trade tensions and a stronger-than-expected U.S. jobs report boosted investor sentiment. The TSX Composite Index pushed higher 235.96 points, or 1%, to end the day and…
U.S. Monday Economic Lookahead S&P final U.S. services PMI (April) ISM services (April) Featured Earnings Palantir Technologies Inc. (NASDAQ:PLTR) (Q1) EPS of eight cents, compared to four cents in the prior-year quarter. Vertex Pharmaceuticals (NASDAQ:VRTX) (Q1) EPS of $3.69, compared to $4.29 in the prior-year quarter. Williams Companies Inc (NYSE: WMB) (Q1) EPS…
– Risks sentiment improves as US/China trade tensions thaw. – US NFP expect to rise 130,000 vs 228,000 in April. – US dollar opens mostly lower compared to Thursday, ahead of jobs data. USDCAD: open 1.3811, overnight range 1.3803-1.3858, close 1.3856, WTI 58.86, Gold 3265.58 The Canadian dollar is trading sideways and awaiting direction from…
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Canada’s main stock index rose on Friday and was on track for its fourth consecutive weekly gain, as signs of potential easing in U.S.-China trade tensions and a stronger-than-expected U.S. jobs report boosted investor sentiment. The TSX Composite Index pushed higher 143.8 points to pause for lunch during the week’s last session…
Advertisment Stocks rose on Friday as Wall Street digested a better-than-expected nonfarm payrolls report for April, which eased recession fears and put the S&P 500 on pace for its longest winning streak in just over two decades. The Dow Jones Industrials popped 581.58 points, or 1.4%, to 41,334.54. The much broader index…
Shares of Amazon (AMZN) are down about 2% after the e-commerce company issued weak forward guidance for this year’s second quarter. The guidance overwhelmed what was otherwise a strong first-quarter print from Amazon. The Seattle-based company reported earnings per share (EPS) of $1.59 U.S., which was ahead of the $1.36 U.S. forecast on…
American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) shares gained ground Friday, on word of its financial results for the first quarter of 2025. AAM’s sales in the first quarter of 2025 were $1.41 billion as compared to $1.61 billion in the first quarter of 2024. Sales for the first quarter of 2025…
The administration of U.S. President Donald Trump now says that Canadian automotive parts that are compliant with existing trade deals will be exempt from U.S. import tariffs. New guidance from U.S. Customs and Border Protection says that auto parts compliant with the Canada-U.S.-Mexico Agreement on trade will not have additional import duties levied…
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Loblaw Companies Limited (T.L) hit a new 52-week high of $225.24 Friday. Loblaw announced today that the Toronto Stock Exchange (TSX) has accepted a notice filed by Loblaw of its intention to make a normal course issuer bid. Andlauer Healthcare Group Inc. (T.AND) hit a new 52-week high of $53.53 Friday. No news…
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