Toronto stocks open lower as risk-off mood weighs; Shopify slumps

Author of the article: Canada’s main stock index slid on Tuesday, tracking weakness in global markets as investors braced for key earnings reports and a big U.S. interest rate hike this week, while e-commerce giant Shopify dropped on cutting 10% of its workforce. At 9:30 a.m. ET (1330 GMT), the Toronto Stock Exchange’s S&P/TSX composite…
Toronto stocks open lower as risk-off mood weighs; Shopify slumps

Author of the article:

Canada’s main stock index slid on Tuesday, tracking weakness in global markets as investors braced for key earnings reports and a big U.S. interest rate hike this week, while e-commerce giant Shopify dropped on cutting 10% of its workforce.

At 9:30 a.m. ET (1330 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 33.76 points, or 0.18%, at 19,070.72. (Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Maju Samuel)

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Anaergia Signs Agreement for €100 Million in Mezzanine Financing for BOO Projects in Italy With Arjun Infrastructure Partners
Read More

Anaergia Signs Agreement for €100 Million in Mezzanine Financing for BOO Projects in Italy With Arjun Infrastructure Partners

Author of the article: BURLINGTON, Ontario — Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) signed a contract with Arjun Infrastructure Partners (Arjun) to provide financing for Anaergia’s build, own and operate (BOO) projects in Italy. Under the provisions of this new agreement, Arjun has committed to invest up to €100 million in mezzanine financings…
China’s Economy Likely Remained Weak as Factories Slump
Read More

China’s Economy Likely Remained Weak as Factories Slump

Author of the article: Bloomberg News Bloomberg News (Bloomberg) — China’s manufacturing activity likely remained subdued in November, with weak domestic demand in the economy outweighing any relief that came from an easing in energy shortages. The official manufacturing purchasing managers’ index is forecast to improve slightly to 49.7 from 49.2 in October when it’s…
Canadian Net REIT Announces Voting Results From the 2022 Annual Meeting of Unitholders and the Grant of Performance Units
Read More

Canadian Net REIT Announces Voting Results From the 2022 Annual Meeting of Unitholders and the Grant of Performance Units

Author of the article: MONTREAL, May 27, 2022 (GLOBE NEWSWIRE) — (TSX-V: NET.UN) Canadian Net Real Estate Investment Trust (“Canadian Net” or the “Trust”) announces the voting results from its annual meeting of unitholders held on May 25 in a virtual format and the grant of performance units to members of management as per the…
Argentina’s central bank hikes benchmark interest rate to 44.5%
Read More

Argentina’s central bank hikes benchmark interest rate to 44.5%

This advertisement has not loaded yet, but your article continues below. Author of the article: Article content Argentina’s central bank raised the country’s benchmark interest rate by 200 basis points to 44.5%, from 42.5% previously, the monetary authority said on Tuesday, amid a series of hikes aimed at bringing down stubborn inflation. (Reporting by Jorge…