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Economy

TSX rises 0.96% to 18,634.75

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Toronto Stock Exchange

* The Toronto Stock Exchange’s TSX rises 0.96 percent to 18,634.75

* Leading the index were Aphria Inc <APHA.TO​>, up 11.5%, Ballard Power Systems Inc​, up 11.2%, and Lightspeed POS Inc​, higher by 9.6%.

* Lagging shares were CAE Inc​​, down 7.3%, SNC-Lavalin Group Inc​, down 5.7%, and Colliers International Group Inc​, lower by 3.8%.

* On the TSX 155 issues rose and 63 fell as a 2.5-to-1 ratio favored advancers. There were 26 new highs and no new lows, with total volume of 187.4 million shares.

* The most heavily traded shares by volume were Suncor Energy Inc, Blackberry Ltd and Cenovus Energy Inc.

* The TSX’s energy group rose 0.05 points, or 0.0%, while the financials sector climbed 0.98 points, or 0.3%.

* West Texas Intermediate crude futures fell 1.89%, or $1.23, to $63.82 a barrel. Brent crude  fell 1.45%, or $0.99, to $67.25 [O/R]

* The TSX is up 6.9% for the year.

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Economy

September merchandise trade deficit narrows to $1.3 billion: Statistics Canada

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OTTAWA – Statistics Canada says the country’s merchandise trade deficit narrowed to $1.3 billion in September as imports fell more than exports.

The result compared with a revised deficit of $1.5 billion for August. The initial estimate for August released last month had shown a deficit of $1.1 billion.

Statistics Canada says the results for September came as total exports edged down 0.1 per cent to $63.9 billion.

Exports of metal and non-metallic mineral products fell 5.4 per cent as exports of unwrought gold, silver, and platinum group metals, and their alloys, decreased 15.4 per cent. Exports of energy products dropped 2.6 per cent as lower prices weighed on crude oil exports.

Meanwhile, imports for September fell 0.4 per cent to $65.1 billion as imports of metal and non-metallic mineral products dropped 12.7 per cent.

In volume terms, total exports rose 1.4 per cent in September while total imports were essentially unchanged in September.

This report by The Canadian Press was first published Nov. 5, 2024.

The Canadian Press. All rights reserved.

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Economy

How will the U.S. election impact the Canadian economy? – BNN Bloomberg

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How will the U.S. election impact the Canadian economy?  BNN Bloomberg

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Economy

Trump and Musk promise economic 'hardship' — and voters are noticing – MSNBC

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Trump and Musk promise economic ‘hardship’ — and voters are noticing  MSNBC

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