TORONTO (Reuters) – Canadian companies are expected to post solid profit gains when they begin unveiling first-quarter results next week, with robust earnings at energy companies seen overcoming weakness at miners and the materials sector.
Energy companies will benefit from a ramp-up in production, improved prices for Canadian crude relative to global benchmarks, and a rally in natural gas prices.
TORONTO (Reuters) – Canadian stocks are expected to decline in the coming months after an early surge this year, then rebound by year-end to levels not touched since 2008 as prospects for global growth improve, a Reuters poll found.
The median forecast in a poll of 40 market analysts taken in the past week showed the benchmark Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE slipping from current levels to 14,150 at the mid-point of 2014. It is then expected to reach 14,500 by the end of the year, a gain of 6.4 percent from the end of 2013.
TORONTO (Reuters) – The Canadian stock market may deliver its best performance in four years in 2014 as a global economic recovery gathers steam, driving up sagging commodity prices and natural resource shares, a Reuters poll found.
The median forecast in a poll of 40 market analysts taken in the past week showed the benchmark Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE gaining over 9 percent from current levels to reach 14,363 by the end of next year.
TORONTO (Reuters) – Interest rates are going to go up over the long term regardless of what central banks do at the moment, Canadian Finance Minister Jim Flaherty said on Thursday after the European Central Bank unexpectedly trimmed rates.
The bank cut rates to a record low earlier in the day and said it would prime banks with liquidity into 2015 to prevent the euro zone’s recovery from stalling.
TORONTO, Sept 18 (Reuters) – Canada’s main stock index
climbed to its highest point in more than two years on
Wednesday, led up by a jump in gold producers after the U.S.
Federal Reserve said it would keep its monetary stimulus
measures in place for now.
The Fed’s surprise announcement unleashed a flood of buying
in the Toronto market as investors took positions in
heavy-volume trading. The market in general had expected the Fed
to scale back its stimulus program.
TORONTO, Sept 10 (Reuters) – Canadian companies expect to
hire in the fourth quarter at roughly the same pace as in the
third, according to data released on Tuesday that also showed
the construction sector to be a pocket of strength.
The nationwide survey by ManpowerGroup Inc measures
the difference between employers that say they will add jobs and
those that are planning cuts.
TORONTO, Aug 16 (Reuters) – A Canadian fund is breaking away
from the tradition of investing heavily in resource-focused
plays and betting that a motley mix of retail and information
technology stocks will help it outperform the broader market.
So far the ploy is working.
Resource groups are among the worst performers on Canada’s
benchmark index this year, but for Brandon Snow’s Canada-focused
small and mid-cap fund the rewards have been sweet.
TORONTO, Aug 1 (Reuters) – The pace of Canadian
manufacturing growth eased to a three-month low in July as
output and new orders had only modest gains, the RBC Canadian
Manufacturing Purchasing Managers’ index showed on Thursday.
The index, a gauge of manufacturing business conditions,
slipped to 52 in July after adjusting for seasonal variation
from 52.4 in June.
TORONTO (Reuters) – Canadian companies are likely to post only small overall gains in second-quarter profit, as strength in the energy and insurance sectors is offset by miners struggling with softer prices for gold and other metals.
Many analysts have already trimmed forecasts as some of the country’s biggest companies prepare to report, with the choppy global economy and sluggish domestic growth cooling expectations.
TORONTO, July 2 (Reuters) – Canada’s manufacturing growth
slowed in June, pulling back from a sharp gain in May,
suggesting that sluggish global demand is still weighing on the
country’s export-oriented economy.
The RBC Canadian Manufacturing Purchasing Managers’ Index
retreated to 52.4 in June, after adjusting for seasonal
variation, from 53.2 in May. Despite the decline, the reading
was the second highest since September.