TSX Climbs, Set to End Week Higher
Investing.com | Author Ketki Saxena
Published Jan 05, 2024 16:48
By Ketki Saxena
Investing.com -- Canada's main index, the S&P/TSX Composite climbed higher today, and was set for a weekly gain after a rough start to the shortened New Year’s trading week.
The commodity heavy Canadian index gained support from crude prices, which rose on escalating tensions in the Middle East.
Meanwhile, Wall Street indices traded on a mixed to positive note, after ISM non manufacturing data came in weaker than expected, following robust jobs data, and helping ease forward expectations for a Fed rate cut.
Toronto Stock Market News/h2
First Quantum Minerals (TSX:FM) is reportedly in talks to sell a stake in its Zambian copper mines to China's state-owned Jiangxi Copper Corp, which is already a top shareholder in First Quantum.
Brookfield Asset Management (TSX:BAM) announced it will be acquiring American Tower’s telecom assets in India, in a deal valued at roughly US$2.5 billion.
For upcoming earnings, view our earnings calendar.
Toronto Stocks Moving Markets Today/h2
Top Gainers on the TSX Today:/h3
- Bausch Health (TSX:BHC)
- Precision Drilling (TSX:PD)
- Seabridge Gold (TSX:SEA)
Top Losers on the TSX Today:/h3
- Aritzia (TSX:ATZ)
- First Quantum Minerals Ltd (TSX:FM)
- Osisko Gold (TSX:OR)
- Bausch Health (TSX:BHC)
- Precision Drilling (TSX:PD)
- Seabridge Gold (TSX:SEA)
Top Losers on the TSX Today:/h3
- Aritzia (TSX:ATZ)
- First Quantum Minerals Ltd (TSX:FM)
- Osisko Gold (TSX:OR)
For all Canadian Stocks Moving Markets today, view our
In Canadian Economics/h2
The Canadian economy added only 100 jobs in December, as per data from Statistics Canada. Analysts had expected a gain of 13,500 jobs.
The unemployment rate meanwhile ticket higher to 5.9% in December from 5.8% in November.
For all Canadian economic releases, view our economic calendar.
All currencies
Get The App
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.