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The Canadian market is up firmly in positive territory Monday afternoon with stocks from several sectors posting strong gains thanks to sustained buying support amid rising hopes of interest rate cuts by several central banks, including the Fed, European Central Bank and the Bank of Canada.
The Canadian market ended sharply higher on Monday, extending gains to a third straight session, thanks to firm commodity prices and rising optimism about interest rate cuts by several central banks, including the Federal Reserve and the Bank of India, by the later part of the second quarter, or early third quarter.
The Canadian market ended on a firm note on Friday on easing concerns about the outlook for Fed interest rates after data showed a slowdown in U.S. employment growth.
The Canadian market is modestly higher in late morning trades on Friday, lifted by gains in healthcare, real estate, communications and utilities sectors. Strong results from iPhone maker Apple Inc.
Conduent makes strategic move with the sale of its Casualty Claims Solutions business to MedRisk for $240 million cash. The transaction underscores Conduent's commitment to streamline its portfolio and focus on core capabilities for growth.