By Ketki Saxena
Investing.com -- Canada's main stock index, the S&P/TSX Composite Index tracked Wall Street indices lower and hovered near three-week lows as Fitch's downgrade of US credit continued to drive risk aversion in markets.
The commodity-heavy TSX gained some support from crude prices, as Saudi Arabia extended its one million barrel per day output cut by another month until the end of September.
Toronto Stock Market News
Canada Goose Holdings Inc (TSX:GOOS). reported an $85 million net loss compared with a net loss of $63.6 million a year earlier. The loss amounted 78 cents per diluted share compared with 59 cents a year prior. Revenue climbed to $84.8 million from $69.9 million in the second quarter of its prior fiscal year.
SNC-Lavalin Group Inc . (TSX:SNC) reported net income grew to $63.8 million, compared to profits of $1.6 million from the same period the year before. On an adjusted basis, diluted earnings came in at 41 cents per share compared with 31 cents per share the year before. Revenues rose to to $2.13 billion compared to $1.87 billion a year earlier.
Nutrien (TSX:NTR) Ltd. reported second-quarter net earnings of US$448 million, down from US$3.6 billion a year earlier. Diluted net earnings per share were 89 cents US, down from US$6.51. Revenue totaled US$11.7 billion, down from US$14.5 billion during the same quarter last year.
Bell Canada saw earnings come in at $397 million or 37 cents per common share, compared with $654 million or 66 cents per common share a year ago. Operating revenue came in at $6.06 billion from $5.86 billion a year earlier.
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