Financials, gold miners impact TSX... Inflation higher as transportation, shelter costs rise... Home Capital shareholders to vote on Berkshire Hathaway next month... Blackberry shares have lost a quarter of value since June...
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Financials, gold miners impact TSX
Most of the sector groups of the main TSX index closed lower Friday with IT and materials among the largest falls. Gold miners and banks suffered losses amid a broadly weak session for world stocks with terrorism and Trump in focus.
Healthcare and energy were slightly higher and utilities closed flat but the losses pushed the S&P/TSX composite index down more than 0.5%.
Wall Street also closed lower despite a lift following news that the White House strategist Steve Bannon had been fired. European and Asian markets were also lower.
The S&P/TSX Composite Index closed down 81.31 (0.54%)
The Dow Jones closed 76.22 (0.35%)
Oil is trending higher (Brent $52.84, WTI $48.68 at 4.50pm)
Gold is trending lower (1291.60 at 4.50pm)
The loonie is valued at U$0.7949
Inflation higher as transportation, shelter costs rise
The cost of living in Canada was up slightly in July, with the Consumer Price Index gaining 1.2% year-over-year, up from the 1% annual rate a month earlier.
Transportation and shelter costs contributed most to the rise in inflation Statistics Canada reported Friday.
The largest gain in the transportation sector was in gasoline prices, up 4.6% in July after a 1.4% decline in June. Homeowners’ replacement costs added the most (4.1%) to the shelter sector.
Home Capital shareholders to vote on Berkshire Hathaway next month
Investors in Home Capital will have the opportunity to vote on a proposed additional equity investment from a subsidiary of Berkshire Hathaway on September 12.
The company confirmed that it has filed and mailed its management information circular regarding the special shareholders meeting. The meeting will take place in Toronto at 10am EST.
Blackberry shares have lost a quarter of value since June
Shares in Blackberry continue lower as investors consider the firm’s turnaround plan and recent earnings report.
Reuters reports that the Waterloo, ON firm’s shares were $8.70 Friday, down from $11.74 on June 1 having improved from a March low of $6.65.
Despite optimism in recent months over software sales but the transition away from hardware sales is not impressing impatient investors.
Most of the sector groups of the main TSX index closed lower Friday with IT and materials among the largest falls. Gold miners and banks suffered losses amid a broadly weak session for world stocks with terrorism and Trump in focus.
Healthcare and energy were slightly higher and utilities closed flat but the losses pushed the S&P/TSX composite index down more than 0.5%.
Wall Street also closed lower despite a lift following news that the White House strategist Steve Bannon had been fired. European and Asian markets were also lower.
The S&P/TSX Composite Index closed down 81.31 (0.54%)
The Dow Jones closed 76.22 (0.35%)
Oil is trending higher (Brent $52.84, WTI $48.68 at 4.50pm)
Gold is trending lower (1291.60 at 4.50pm)
The loonie is valued at U$0.7949
Inflation higher as transportation, shelter costs rise
The cost of living in Canada was up slightly in July, with the Consumer Price Index gaining 1.2% year-over-year, up from the 1% annual rate a month earlier.
Transportation and shelter costs contributed most to the rise in inflation Statistics Canada reported Friday.
The largest gain in the transportation sector was in gasoline prices, up 4.6% in July after a 1.4% decline in June. Homeowners’ replacement costs added the most (4.1%) to the shelter sector.
Home Capital shareholders to vote on Berkshire Hathaway next month
Investors in Home Capital will have the opportunity to vote on a proposed additional equity investment from a subsidiary of Berkshire Hathaway on September 12.
The company confirmed that it has filed and mailed its management information circular regarding the special shareholders meeting. The meeting will take place in Toronto at 10am EST.
Blackberry shares have lost a quarter of value since June
Shares in Blackberry continue lower as investors consider the firm’s turnaround plan and recent earnings report.
Reuters reports that the Waterloo, ON firm’s shares were $8.70 Friday, down from $11.74 on June 1 having improved from a March low of $6.65.
Despite optimism in recent months over software sales but the transition away from hardware sales is not impressing impatient investors.
