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Bay Street Likely To Open On Subdued Note

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Lower futures and weakness in European markets point to a subdued start for Canadian stocks Friday morning. However, firm metal prices could trigger some strong buying in the materials sector and help limit market's downside.

In economic news, data from Statistics Canada showed Canada's manufacturing sales rose 1.2% from a month earlier in April, rebounding from a 2.1% decline in the previous month. Wholesale sales in Canada were up 2.4% in April, from -1.1% in March.

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Global Economics Weekly Update: April 20 – April 24, 2026

April 24, 2026 15:15 ET
Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.