By Ketki Saxena
Investing.com -- Canada's main stock index, the TSX Composite Index traded on a moderately positive note today, tracking Wall Street higher as US core price inflation slowed and Treasury yields moderated.
Meanwhile, stagnating Canadian GDP data also boosted bets for a rate hike pause from the Bank of Canada, helping boost the TSX.
The commodity-linked Canadian index was also supported by rising metal prices, although crude prices placed a damper on energy stocks.
The Canadian index is set to close the last day of September with the worst monthly loss since May, and its first quarterly loss in a year.
Canadian Stock Market News
Aritzia Inc (TSX:ATZ) shares rose after the company beat earnings estimates, despite posting a $6 million net loss in its latest quarter, compared with profit of $46 million during the same period the year before. The loss amounted to five cents per diluted share, compared with a net income of 40 cents per diluted share a year earlier. Revenue however rose to $534.2 million, up from $525.5 million a year ago.
Royal Bank of Canada (TSX:RY) announced it had made a capital injection into its subsidiary City National to strengthen City's liquidity position. RBC did not however disclose specifics regarding the amount of capital.
Blackberry (TSX:BB) posted a loss of $42 million for its second quarter, compared to a loss of $54 million this time last year, amounting to a loss of $0.07 per share, compared to a loss of $0.09 per share this time last year. Revenue came in at$132 million, down from $168 million in the same period last year.
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In Canadian Economics
Canadian July GDP numbers were essentially unchanged, with services-producing industries edged up 0.1%, while goods-producing industries contracted 0.3%. Money markets now see a 74% chance that the Bank of Canada will keep its benchmark rate on hold next month.