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TSX Declines; Canadian GDP Surpasses Expectations; National Bank Posts Earnings

Published 2023-05-31, 03:48 p/m
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By Ketki Saxena

Investing.com -- The TSX slumped on Wednesday, with falling crude oil prices contributing to the decline of the commodity-heavy index, and tracking Wall Street lower as investors contemplate a further rate hike, and the challenges Congress will now face in passing the debt-ceiling resolution. 

The Biggest Stories on Bay Street

National Bank of Canada (TSX:NA) reported reduced earnings for the second quarter due to increased provisions being set aside.

Glencore (LON:GLEN) Plc is said to be considering enhancing its offer for Teck Resources (TSX:TECKa) and might make an announcement within the next few weeks, as per recent reports.

Canadian Stocks Moving Markets Today

Top Gainers: 

  • Centerra Gold (TSX:CG)
  • Denison Mines (TSX:DML)
  • Cameco (TSX:CCO)

Top Losers: 

  • Ero Copper (TSX:ERO)
  • Eldorado Gold (TSX:ELD)
  • Tilray (TSX:TLRY)

In Canadian Economics

Statistics Canada reported that real gross domestic product (GDP) experienced an increase of 0.8% in Q1 after remaining stagnant during the previous quarter.

 

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