By Ketki Saxena
Investing.com – The TSX traded on a moderately negative note by late afternoon, tracking Wall Street lower on banking worries and dour earnings outlook from PayPal (NASDAQ:PYPL) ahead of US CPI data.
The commodity heavy Canadian index was also pressured by crude prices, with worries of US economic growth and lower than expected Chinese import data creating a mixed demand outlook for the commodity.
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SNC Lavalin reported a profit of $28.4 million or 16 cents per diluted share. The result was up from a profit of $24.8 million or 14 per diluted share a year earlier. Revenue totalled $2.02 billion, compared to $1.89 billion a year earlier.
Holding company George Weston (TSX:WN) posted a profit of $426 million or $3.01 per diluted share for the 12-week period ended March 25. The result compared to a profit of $363 million or $2.45 per diluted share this time last year. Revenue totaled $13.13 billion, up from $12.41 billion in the same quarter last year.
PetValu posted a profit of $18.7 million or 26 cents per diluted share for the quarter that ended April 1. The result compared to a profit of $22.6 million or 32 cents per diluted share a year earlier. Revenue totalled $250.3 million, up from $213.2 this time last year.
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