Canadian Market Remains Positive
2024-12-31
1799
(fxcue news) - The Canadian market looks set to end on a firm note for the third consecutive session, with stocks from communications, real estate and industrial sectors recording strong gains.
A few stocks from technology, financials, healthcre, energy, consumer staples and utilities sections are also notably higher.
The benchmark S&P/TSX Composite Index is up 171.55 or 0.69% at 25,069.58.
Hut 8 Corp (HUT.TO), up 8.75%, is having another strong outing. Canadian Tire Corporation (CTC.TO) is up 7% and Aritzia Inc (ATZ.TO) is gaining about 5.8%.
Rogers Communications Inc (RCI.A.TO) is up 4.7% despite the company lowering its revenue outlook. The company has revised down its annual service revenue growth outlook, citing lower than expected fourth-quarter media revenue. For the full year, Rogers now expects annual service revenue growth of just over 7%, compared with its prior guidance range of 8% to 10%.
Nutrien (NTR.TO), Bombardier Inc (BBD.B.TO), Celestica Inc (CLS.TO), Cargojet (CJT.TO), RB Global (RBA.TO), Onex Corporation (ONEX.TO) and Dayforce (DAY.TO) are up 2 to 4%.
National Bank of Canada (NA.TO), Colliers International (CIGI.TO), FirstService Corporation (FSV.TO), Shopify Inc (SHOP.TO), Franco-Nevada Corporation (FNV.TO), Thomson Reuters (TRI.TO) and George Weston (WN.TO) are gaining 1 to 1.8%.
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