Investing.com — Canada’s main stock index, the TSX composite, tracked Wall Street higher as investors await more Big Tech earnings, and digest commentary following the FOMC decision.
While signalling that the Fed was in no rush to cut rates, Chair Jerome Powell said rates had peaked and would move lower in coming months.
The focus now turns to earnings from megacaps Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Meta (NASDAQ:META) after close of trade today.
Toronto Stock Market News
Canada Goose (TSX:GOOS) reported a net income of $130.6 million or $1.29 per diluted share for the quarter ended Dec. 31, compared to net income of $134.9 million or $1.28 per diluted share a year earlier. Revenue for the quarter totalled $609.9 million, up from $576.7 million a year earlier.
Rogers reported a profit of $328 million for the quarter ended Dec. 31, down from $50 -million a year earlier, prior to its $20 billion acquisition of Shaw Communications (TSX:SJRb). Fourth quarter profit amounted to 62 cents per share, down from $1.00 per share this time a year ago. Revenue meanwhile rose to $5.34 billion from $4.17 billion a year earlier.
For earnings, view our earnings calendar.
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In Canadian Economics
The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI), indicating Canadian manufacturing activity, rose to a seasonally adjusted 48.3 in January after hitting 45.4 in December.
The reading marked a ninth consecutive monthly contraction, but on a positive note, firms were more confident about the economic outlook.
For all Canadian economic releases, view our economic calendar.
All currencies Canadian Dollar unless noted otherwise.