By Ketki Saxena
Investing.com -- Canada's main stock index, the S&P TSX composite continued to decline, as commodity prices tumbled on worries of a slowing global economy. On Wall Street meanwhile, the Nasdaq and S&P 500 edged higher, supported by easing Treasury yields.
Canadian Stock Market News
Barrick Gold (NYSE:GOLD) announced plans to invest nearly $2 billion at its Lumwana mine in Zambia, in order to increase Lumwana’s annual production from a 50-million-tonne-per-annum of copper to an estimated 240,000 tonnes.
Tilray (TSX:TLRY) Brands Inc. reported a loss of US$55.9 million, compared with a loss of US$65.8 million a year earlier. The loss amounted to 10 cents per diluted share, compared with a loss of 13 cents per diluted share in the same quarter last year. Net revenue totaled US$176.9 million, up from US$153.2 million a year earlier.
For earnings, view our earnings calendar.
Canadian Stocks Moving Markets Today
Top Gainers on the TSX Today:
Top Losers on the TSX Today:
- Vermilion
- Intl. Petroleum (TSX:IPCO)
- Baytex
For all Canadian Stocks Moving Markets today, view our Canada Markets Page.
In Canadian Economics
Greater Toronto home sales were down 7.1% in September year over year, and down 12.1% from August, according to the Toronto Regional Real Estate Board. The average home price reached $1,119,428, a rise of 3.4% from August and up 3% from last September.
Statistics Canada reported that the income gap, the difference in disposable income between households in the top 40% of incomes and those in the bottom 40% of incomes across the country, declined in the second quarter of 2023 from record highs a year earlier. The gap declined to 45.1% during, down from a record high of 47% a year earlier largely due to worker wage gains and improved benefits for retirees.
For all Canadian economic releases, view our economic calendar.