By Ketki Saxena
Investing.com -- The TSX tracked Wall Street higher today, led by megacap and growth stocks, as markets rebounded from last week’s selloff.
All eyes this week will be on the U.S. Federal Reserve’s policy announcement on Wednesday, where the central bank is widely expected to keep interest rates on hold.
Markets will also be watching for Apple’s results, due Thursday after the close.
Toronto Stock Market News
First Quantum (TSX:FM) shares slid after Panama announced it will hold a binding national vote on December 17 to decide whether First Quantum’s license for its Panama operations will be revoked. The referendum comes after days of protests over the Cobre Panamá open-pit mine, and its environmental impact.
Air Canada (TSX:AC) posted a net income of $1.25 billion for its latest quarter, compared to a loss of roughly half a billion dollars last year. Net income amounted to $3.08 per diluted share, compared to a loss of $1.42 per diluted share a year earlier. Operating revenue also surged, up 19% to $6.34 billion from $5.32 billion this time a year ago.
Canadian Solar Inc (NASDAQ:CSIQ) announced plans to invest $800 million to build a solar photovoltaic cell production plan in southeastern Indiana. The facility is expected to produce the equivalent of about 20,000 high-power solar panels per day once production begins by the end of 2025.
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In Canadian Economics
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