Canadian Market May Open With Slightly Positive Bias

RTTNews | 7h 52min ago

(RTTNews) - Canadian stocks may open with a positive bias Wednesday morning with firm metal prices triggering some buying in the materials sectors. Weak oil prices may weigh on energy stocks and limit market's upside.

The focus will be on a fresh batch of economic data from the U.S., and the minutes from the Federal Reserve's latest monetary policy meeting. AI major Nvidia's earnings update is also eyed.

Magna International Inc. (MGA), a Canadian mobility technology company, on Wednesday announced that it is expanding its footprint in China with a new facility in the Jiujiang Economic Development Zone in Wuhu to meet rising demand for electric drive systems.

The move of the new Wuhu operation strengthens the company's position as a global powertrain technology provider.

Hydro One Limited (H.TO) announced that its wholly-owned subsidiary, Hydro One Inc., has priced an offering of C$1.6 billion of Medium Term Notes. The offering of the Notes is expected to close on November 21, 2025.

Stocks ended weak on Bay Street Tuesday as traders refrained from making big moves ahead of some key economic releases from the U.S. Gains in the energy sector driven by soaring oil prices were dented by a downturn in IT stocks led by "AI bubble" concerns.

The benchmark S&P/TSX Composite Index settled at 30,036.46, down by 39.75 points or 0.13%.

Asian stocks ended mostly lower on Wednesday, failing to hold onto early gains after a three-day sell-off as investors awaited Nvidia earnings, the release of minutes from the Federal Open Market Committee meeting held on October 28-, and the delayed September jobs report.

European stocks are turning in a mixed performance today as investors digest Eurozone and U.K. inflation data, and await fresh economic data from the U.S., and earnings update from AI major Nvidia for direction.

In commodities trading, West Texas Intermediate crude oil futures are down $1.55 or 2.5%% at $59.19 a barrel.

Gold futures are up $49.10 or 1.21% at $4,115.60 an ounce, while Silver futures are gaining $1.439 or 2.84% at $51.960 an ounce. Copper futures are up $0.060 or 1.2% at $5.0340 per pound.

U.S. Mortgage Applications Decline As Rates Rise: MBA

Loan applications for house purchase in the U.S. decreased in the week ended November 14 as mortgage rates continued to increase, survey data from the Mortgage Bankers Association showed on Wednesday.

RTTNews | 1h 25min ago

Fed Minutes Reveal Mixed Views About December Rate Cut

The Federal Reserve released the minutes of its latest monetary policy meeting on Wednesday, revealing officials had mixed views about the outlook for interest rates. The minutes of the Fed's October 28-29 meeting said participants expressed "strongly differing views" about what policy decision would most likely be appropriate at the central bank's next meeting on December 9-10.

RTTNews | 1h 46min ago

TSX Moderately Higher; Technology, Materials Stocks Shine

The Switzerland market is up firmly in positive territory Wednesday afternoon, lifted by strong gains in technology and materials sectors. After recent losses, investors are picking up stocks, expecting the market to stabilise a bit around current levels.

RTTNews | 2h 9min ago

Swiss Market Ends On Firm Note

The Switzerland market closed on a positive note on Wednesday, staying firm right through the day's trading session.

RTTNews | 2h 39min ago

Major European Markets Closed Slightly Weak

The major European markets closed on a negative note on Wednesday, although the downside was just marginal, as stocks found some support at lower levels after having suffered notable losses in recent sessions amid concerns about AI bubble and uncertainty surrounding Fed interest rate moves, and release of some crucial U.S. economic data.

RTTNews | 3h 2min ago

U.S. Trade Deficit Narrows In August As Imports Plunge

A report released by the Commerce Department on Wednesday showed the U.S. trade deficit narrowed significantly in the month of August amid a steep drop in the value of imports. The Commerce Department said the trade deficit shrank to $59.6 billion in August from a revised $78.2 billion in July. Economists had expected the trade deficit to decrease to $61.0 billion.

RTTNews | 6h 7min ago

U.S. Trade Deficit Narrows Slightly More Than Expected In August

A report released by the Commerce Department on Wednesday showed the U.S. trade deficit narrowed significantly in the month of August amid a steep drop in the value of imports.

RTTNews | 7h 34min ago

Iceland Unexpectedly Cuts Policy Rate By 25 Bps

Iceland's central bank lowered its key interest rate unexpectedly as the economy is expected to recover more slowly than previously anticipated due to worsening prospects for exports. The Monetary Policy Committee of the Central Bank of Iceland, led by Governor Ásgeir Jónsson, unanimously decided to cut the rate on seven-day term deposits to 7.25 percent from 7.50 percent.

RTTNews | 8h 28min ago

EURUSD	1.15253	GBPUSD	1.30498	AUDUSD	0.64663
USDJPY	156.986	USDCAD	1.40552	USDCHF	0.80598