By Ketki Saxena
Investing.com – Canada’s main stock index, the S&P/TSX Composite index traded higher today, boosted by upbeat earnings from major players, including Manulife (TSX:MFC), Rogers, and Suncor Energy.
Wall Street indices meanwhile declined, as investors await commentary from Federal Reserve officials, including Fed Chair Jerome Powell.
Toronto Stock Market News
Manulife posted a net income attributed to shareholders of $1 billion for the quarter ending Sept. 30, up from $777 million last year, with the factoring in of new reporting rules. Manulife core earnings, a metric designed to strip out short-term market fluctuations, came in at $1.74 billion, up from $1.34 billion last year.
Rogers posted a loss of $99 million or 20 cents per diluted share, compared to a profit of $371 million or 71 cents per diluted share a year ago. Revenue totalled $5.09 billion, up from $3.74 billion in the same quarter last year.
Suncor Energy Inc (TSX:SU). reported a profit of $1.54 billion, compared to a net loss of $609 million a year ago. Earnings per share came in at $1.19 per share, compared to a loss of 45 cents per share this time a year ago. Suncor's upstream production totalled 690,500 barrels of oil equivalent per day, down from 724,100 boe/d this time a year ago.
Stelco (TSX:STLC) reported a net income of $68 million, or $1.23 a share, compared to C$158 million, or $2.33 per share a year earlier. Stelco's revenue came in at $776 million but beat the C$728 million expected.
For earnings, view our earnings calendar.
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In Canadian Economics
Finance Minister Chrystia Freeland's office has announced that the federal government's fall economic statement will be tabled on Nov. 21.
For all Canadian economic releases, view our economic calendar.
All currencies Canadian Dollar unless noted otherwise.