By Ketki Saxena
Investing.com -- The TSX tracked Wall Street higher today, as the US Federal Reserve left its benchmark interest rate unchanged in the 5.25% to 5.50% range for now, and as US Treasury yields fell to two week lows.
Toronto Stock Market News
Shares of Canada Goose (TSX:GOOS) slid after the company cut its forward year forecast. The company now expects total sales for the 2024 fiscal year to be between $1.2 billion and $1.4 billion, down from a previous forecast of between $1.4 billion and $1.6 billion. Net income is now forecast at between 60 cents and $1.40 per diluted share, down from an earlier forecast of $1.20 and $1.48 per diluted share.
First Quantum Minerals (TSX:FM) Ltd. shares continued to slide ahead of a referendum by the Panama government over the future of the company’s flagship Cobre Panama mine. First Quantum shares have now lost over 50% of their value this week.
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Toronto Stocks Moving Markets Today
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In Canadian Economics
The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) rose to a seasonally adjusted 48.6 in October from 47.5 in September. The reading notched a three month high, however a reading below 50 indicates a contraction.
For all Canadian economic releases, view our economic calendar.
All currencies Canadian Dollar unless noted otherwise.