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TSX Ends Modestly Higher; Materials Stocks Shine

Despite concerns about the outlook for Fed interest rates, the Canadian market ended on a positive note on Thursday, thanks largely to some sustained buying at several counters in the materials and utilities sectors.

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TSX Ends Moderately Lower

The Canadian market ended moderately lower on Tuesday as uncertainty about the outlook for interest rate cuts weighed on sentiment. Communications, real estate, financials and industrials shares were among the notable losers.

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Bay Street Seen Opening On Firm Note

Canadian shares look set to end on a positive note Friday morning, tracking firm European markets and higher commodity prices. A drop in bond yields is also expected to aid sentiment.

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Canadian Market Up Firmly At Noon; Energy Stocks Rally

The Canadian market remains fairly well placed in positive territory around noon on Friday, led by strong gains in energy stocks thanks to a rebound in crude oil prices.

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Bay Street Likely To Open Higher

The Canadian market, which will be back in action on Tuesday after an extended weekend, is likely to start on a positive note, tracking Asian and European markets, where stocks gained amid a drop in bond yields, and Fed rate pause hopes.

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