By Ketki Saxena
Investing.com -- Canada’s main stock index, the commodity-heavy Canadian index, traded in the red as crude prices declined. Oil prices tumbled 2%, following yesterday’s 2% fall as diplomacy efforts prevailed for now in the Middle East.
US stocks meanwhile rose as bond yields retreated, and earnings from major companies including GM, GE, Coca Cola and Spotify helped boost market sentiment.
Market participants will now be awaiting earnings from tech bellwethers Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) after the bell today.
Canadian Stock Market News
Teck Resources (TSX:TECKa) reported a revenue of $3.56 billion, compared to $4.26 billion this time last year. Adjust profit was down to $399 million from $923 million this time last year, with earnings per share (EPS) of C$0.76, down from C$1.74 in the year-ago quarter. Teck also said it was moving forward "expeditiously" to split its steelmaking coal and copper businesses.
Transportation company TFI International Inc (TSX:TFII). posted a net profit US$133.3 million, down from US$245.2 million a year ago. Earnings per diluted share were US$1.54, down from US$2.72.Revenue for the quarter came in at US$1.9 billion, down from US$2.2 billion last year.
For all earnings, view our earnings calendar.
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