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Commentary

Bay Street Likely To Open Slightly Higher

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

The Canadian market, set to resume trading Friday morning after Christmas holidays, may open higher with energy stocks seeing some buying thanks to higher crude oil prices. An upward revision in China's growth forecast by the World Bank is also likely to aid sentiment a bit.

Sierra Metals Inc. (SMT.TO) announced Thursday that a majority of its shareholders have committed not to tender their shares in the event that Alpayana S.A.C. formalizes its proposed unsolicited all-cash take-over bid to acquire all of the issued and outstanding common shares of Sierra Metals for C$0.85 per share.

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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.