Skip to content

  • Home
  • Business Analysis
  • Big Data
  • Business News
  • Business Intelligence
  • Cryptocurrency
  • More
    • Contact Us
    • About Us
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
  • Toggle search form

TSX Solid by Noon

Posted on April 17, 2025 By Kotop No Comments on TSX Solid by Noon

[ad_1]

Canada’s main stock index climbed on Wednesday, as surging gold prices boosted materials shares, while the Bank of Canada held borrowing costs steady at its interest rate meeting.

The TSX Composite Index hiked 119.92 points to move into Wednesday afternoon at 24,187.85.

The Canadian dollar gained 0.43 cents to 72.07 cents U.S.

In corporate news, Parkland said Bob Espey will step down as president and Chief Executive Officer of the oil and gas firm.

Shares in Parkland dipped 70 cents, or 2.1%, to $32.00.

The Bank of Canada held its benchmark interest rate steady at 2.75% on Wednesday, ending a run of seven consecutive cuts.

ON BAYSTREET

The TSX Venture Exchange popped 10.68 points, or 1.7%, to 640.72

Seven of the 12 subgroups were higher as gold shone 2.6% brighter, energy jumped 2.4%, and materials hiked 1.7%,

The five laggards were weighed most by industrials, off 0.4%, consumer staples, up 0.2%, and information technology, eking up 0.1%.

ON WALLSTREET

The S&P 500 slid on Wednesday as investors assessed a stark warning from Nvidia that pressured global tech.

The Dow Jones Industrials sank 211.63 points to move into Wednesday afternoon at 40,157.33.

The broader index folded 68.47 points, or 1.3%, to 5,328.16

The NASDAQ Composite slid 360.42 points, or 2.1%, to 16,463,08

Shares of Nvidia lost 6% after the chip giant said it will post a $5.5-billion quarterly charge related to exporting its H20 graphics processing units to China and other nations. The company said in a filing that the U.S. government required a license to send chips from the U.S. to China.

Other chipmakers followed Nvidia lower. AMD slid more than 6%, while Micron Technology slid 3%. Adding to the broader chip decline was a disappointing earnings report from ASML, with U.S.-listed shares losing more than 5%.

Big tech also felt pressure. Meta Platforms slid more than 2%, while Google-parent Alphabet and Tesla each declined by more than 1%.

Prices for the 10-year Treasury were up slightly Wednesday, easing yields to 4.32% from Tuesday’s 4.33%. Treasury prices and yields in opposite directions.

Oil prices gained $1.23 to $62.51 U.S. a barrel.

Prices for gold jumped $100.50 to $3,341.10 U.S.

[ad_2]

Business News

Post navigation

Previous Post: XYO Breaks from Ethereum to Launch Data-Focused L1
Next Post: 4 things that could turn crypto prices around in Q2 after the ‘best worst quarter’ – BitRss

More Related Articles

With Gold Forecasted to Hit $3000, Analysts Say Mining Stocks Are Primed for Growth Business News
Stitch Fix’s Stock Jumps 22% On Strong Results And Upbeat Guidance Business News
Texas Is Leading the U.S. Green Energy Expansion Business News
Newell Takes Flight on Q3 Figures Business News
Why The Fed Just Cut Rates Again Business News
Recognition of Prior Learning: Unlocking potential through validation of skills Business News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • BDTCOIN Listing On AscendEX Exchange, अभी शुरू करें ट्रेडिंग – BitRss
  • Bitget Burns 30 Million BGB Tokens Worth $130M in Latest Supply Reduction – BitRss
  • 火币 HTX 质押借币第 6 期“借贷即挖矿”重磅上线,参与活动瓜分 50亿$HTX – BitRss
  • 韩国拟推七项加密政策,计划年内开放 BTC 现货 ETF 交易 – BitRss
  • 数据:以太坊现货 ETF 昨日总净流入 6411.59 万美元,持续 3 日净流入 – BitRss

Categories

  • Big Data
  • Business Analysis
  • Business Intelligence
  • Business News
  • Cryptocurrency

Copyright © 2025 .

Powered by PressBook Blog WordPress theme