Please try another search
© Reuters.
By Ketki Saxena
Investing.com -- The TSX declined today, as investors continued to digest a little anticipated interest rate hike by the central bank from the Bank of Canada. The Bank of Canada raised its key rate to a staggering 22-year high of 4.75% on Wednesday, citing the need to cool down an overheated economy and persistent inflation. Analysts are now anticipating that the BoC will implement another 25-basis-point hike in July.
On Wall Street meanwhile, the S&P 500 and Nasdaq Composite saw gains as higher-than-expected weekly jobless claims managed to alleviate some pressure from interest rate expectations from the US Federal Reserve.
Roots Corp posted an $8 million loss for the first quarter of this year, compared to a $5.3 million loss during the same period last year. The company reported losses equating to 19 cents per diluted share for the quarter ending April 30th; this contrasts with last year's first-quarter losses of 13 cents per diluted share. Quarterly sales reached $41.5 million compared to the previous year's figure of $43.1 million.
Transat AT Inc posted its second-quarter earnings, recording a narrowing net loss and a jump in revenue year over year. The net loss was recorded at $29.2 million compared with $98.3 million in Q2 of 2020 when disruptions caused by the COVID-19 Omicron variant led to many flights being canceled or rescheduled. Total revenue amounted to $870.1 million which marks a substantial jump from last year’s figure ($358.7 million) within the same period.
Top Gainers:
Top Losers:
Statistics Canada reports that overall net borrowings by Canadian corporations and governments in the form of debt securities totalled $23.0 billion in the first quarter, marking the eighth consecutive quarter for which new issues exceeded retirements.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.