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TSX Gains as US CPI Raises Bets of Fed Rate Hold in September

Published 2023-09-13, 04:11 p/m
Updated 2023-09-13, 04:11 p/m
© Reuters.

By Ketki Saxena

Investing.com -- Canada’s main stock index, the S&P/TSX composite index, closed on a positive note, tracking Wall Street higher tracking The S&P500 and Nasdaq higher after US CPI data raised bets of a rate pause by the U.S. Federal Reserve in September.

Canadian Stock Market News

Dollarama (TSX:DOL) posted a profit of $245.8 million or 86 cents per diluted share for the quarter, compared to $193.5 million or 66 cents per diluted share in the same quarter last year. Sales totalled $1.46 billion, up 19.6% from last year.

The North West Company (TSX:NWC) posted a quarterly revenue of $618.1 million, up 6.8% year-over-year. Adjusted earnings per share came in at $0.80, up 19.4% from $0.67 this time last year.

For all earnings, view our earnings calendar.

Canadian Stocks Moving Markets Today

Top Gainers on the TSX Today:

  • North West
  • Dollarama
  • Energy Fuels Inc (TSX:EFR)

Top Losers on the TSX Today:

  • Birchcliff Energy (TSX:BIR)
  • Dundee Precious Metals (TSX:DPM)
  • Parex Resources (TSX:PXT)

For all Canadian Stocks Moving Markets today, view our Canada Markets Page.

No Major Canadian Economic Data Today

For all Canadian economic releases, view our economic calendar.

All currencies CAD, unless stated otherwise.

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