Canada's main stock index surged almost 300 points Wednesday, fueled by broad market gains. U.S. stocks also climbed after a mixed trading day, with the Dow Jones industrial average, S&P 500, and Nasdaq composite all posting gains. Investors focused on corporate profits as U.S. earnings season continued, with some big tech companies experiencing setbacks after disappointing earnings reports. However, strong performances from other sectors, including healthcare and consumer goods, helped offset those losses. The Canadian dollar traded for 69.95 cents US, while crude oil and natural gas prices fluctuated.
TORONTO — Canada 's main stock index gained almost 300 points Wednesday on widespread market strength, while U.S. stocks rose after a mixed trading day.In New York, the Dow Jones industrial average was up 317.24 points at 44,873.28. The S&P 500 index was up 23.60 points at 6,061.48, while the Nasdaq composite was up 38.31 points at 19,692.33.
Alphabet fell 7.3 per cent after it reported stronger profits than expected but slowing growth for its cloud business. Advanced Micro Devices fell 6.3 per cent despite also beating profit estimates as investors sought more details about expectations for the performance of its artificial intelligence offerings.
“The takeaway is that big tech is not pulling back on spending, which lessens concerns about competition from DeepSeek or other sources,” he said. The TSX outperformed U.S. indexes Wednesday, recovering ground after tariffs from the U.S. and Canadian retaliation were pushed back Monday by a month.Despite the lingering tariff threat, with interest rates on the way down and the economy “holding up OK,” the backdrop is still favourable for equities, he said.
Finance Market STOCKS MARKET EARNINGS CANADA UNITED STATES
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian Stocks Rise Despite Political UncertaintyCanada's stock market climbed on Tuesday, fueled by mining and energy gains, as investors absorbed domestic economic data and anticipated political changes following Prime Minister Justin Trudeau's resignation announcement.
Read more »
Canadian Stocks Rise After Tariff Deal, But Trade Tensions LingerCanadian stocks experienced a surge on Tuesday following an agreement between Prime Minister Justin Trudeau and the White House to postpone proposed tariffs. While the deal offers a temporary reprieve from a full-blown trade war, analysts warn that the situation remains volatile and the potential for future disputes persists.
Read more »
‘No consequences’: Canadian Sikhs allege widespread threats, spying by IndiaWitnesses told the foreign interference commission India had threatened their families, spied on temples and meddled in Canada’s elections.
Read more »
Canadian School Boards Hit by Widespread PowerSchool Data BreachA major cyberattack on PowerSchool, a software provider used by numerous Canadian school boards, has exposed the personal information of hundreds of thousands of students and teachers. The breach, which occurred between December 22 and 28, may involve data dating back decades. PowerSchool is notifying affected individuals and offering free identity and credit monitoring for two years.
Read more »
Canadian School Boards Hit by Widespread PowerSchool Cyber BreachA major data breach affecting PowerSchool, a widely used school management software, has exposed the personal information of hundreds of thousands of Canadian students and teachers. The breach, which occurred between December 22nd and 28th, impacted numerous school boards across the country, with some revealing student data dating back decades may be compromised. PowerSchool is working to notify affected individuals and is offering free identity and credit monitoring services. The incident highlights the growing threat of cyberattacks against educational institutions.
Read more »
Canadian Stock Market Rises as Trump Delays Tariffs on Canadian GoodsThe Canadian stock market saw modest gains on Tuesday, driven by a decision from U.S. President Donald Trump to delay tariffs on Canadian goods entering the U.S. Meanwhile, the Canadian dollar strengthened against its American counterpart. The positive market sentiment was attributed to the 30-day postponement, which provides a window for negotiations and potentially averts the implementation of tariffs altogether.
Read more »