(RTTNews) – The Canadian market has moved on to a brand new report excessive on Friday, lifted by positive factors in know-how, industrials and supplies sectors, as buyers proceed to stay optimistic about extra rate of interest reductions by the central financial institution.
Information exhibiting a slowdown in Canadian GDP development within the third-quarter is limiting market’s upside.
The benchmark S&P/TSX Composite Index, which rose to 25,650.60, is up 69.37 factors or 0.27% at 25,612.89 a fewe minutes previous midday.
Information from Statistics Canada confirmed the Canadian GDP expanded by 0.3% from the sooner quarter within the three months to September of 2024, slowing from 0.5% expansions within the first two quarters of the 12 months.
The Canadian financial system expanded an annualized 1% within the third quarter, following an upwardly revised 2.2% development within the second quarter.
A report from the Canadian Federation of Unbiased Enterprise mentioned small enterprise sentiment in Canada elevated to 59.70 factors in November from 55.80 factors in October of 2024. Small Enterprise Sentiment in Canada reached an all time excessive of 74.07 factors in April of 2002 and a report low of 30.84 factors in March of 2020.
Telesat Company (TSAT.TO) is zooming practically 12%. Hut 8 Corp (HUT.TO) is up 5%, Cogeco Communications (CCA.TO) is gaining 3.2% and Cogeco Inc (CGO.TO) is advancing 2.3%.
Shopify Inc (SHOP.TO), Kinaxis Inc (KXS.TO), Ag Progress Worldwide (AFN.TO), Senvest Capital (SEC.TO), Cameco Company (CCO.TO), Bombardier Inc (BBD.B.TO), AtkinsRealis (ATRL.TO), Canadian Pacific Kansas Metropolis (CP.TO) and BRP Inc (DOO.TO) are up 1 to 2.2%.
Morguard Company (MRC.TO), Brookfield Renewable Company (BEPC.TO) and BCE Inc (BCE.TO) are notably decrease.
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