Toronto Stocks Flat, Bank of Nova Scotia Falls on Cautious Outlook

Dow Jones

2024-12-04

By Adriano Marchese

Toronto stocks were nearly unchanged as Canadian fourth-quarter bank earnings season kicked off with Bank of Nova Scotia.

Sector performance was split Tuesday with losses primarily in consumer durables, finance and transportation offset by gains primarily in materials, tech and health tech stocks.

Canada's S&P/TSX Composite Index edged up 0.1% to 25616.05 and the blue-chip S&P/TSX 60 was flat at 1536.79.

Shares of Bank of Nova Scotia shares fell 3% to 77.42 Canadian dollars ($55.11) after the Canadian financial institution said it will be cautious on capital allocation. The new approach comes as the change in administration in the U.S. introduces uncertainty for the global economy even as central bankers are easing monetary policy in response to cooling inflation.

Other market movers:

Bombardier shares rose after signing a strategic agreement with Honeywell to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion and satellite communications technologies. The partnership is estimated to have a value of $17 billion.

AltaGas shares advanced 1.6% to C$34.67 after it set its growth targets for 2025 and increased its annual dividend thanks to growth across its three main business segments. The upper ends of its normalized earnings per share and normalized earnings before interest, taxes, depreciation and amortization all came in above consensus expectations.

McEwen Mining's stock rose 11% to C$9.25 a share after the miner's copper subsidiary secured an environmental permit for its Los Azules project in Argentina, one of the largest undeveloped copper deposits globally.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

December 03, 2024 12:20 ET (17:20 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The new approach comes as the change in administration in the U.S. introduces uncertainty for the global economy even as central bankers are easing monetary policy in response to cooling inflation. \n</p>\n<pre>\n \n</pre>\n<p>\n  Other market movers: \n</p>\n<pre>\n \n</pre>\n<p>\n  Bombardier shares rose after signing a strategic agreement with Honeywell to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion and satellite communications technologies. The partnership is estimated to have a value of $17 billion. \n</p>\n<p>\n  AltaGas shares advanced 1.6% to C$34.67 after it set its growth targets for 2025 and increased its annual dividend thanks to growth across its three main business segments. The upper ends of its normalized earnings per share and normalized earnings before interest, taxes, depreciation and amortization all came in above consensus expectations. \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/MUX\">McEwen Mining</a>'s stock rose 11% to C$9.25 a share after the miner's copper subsidiary secured an environmental permit for its Los Azules project in Argentina, one of the largest undeveloped copper deposits globally. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 03, 2024 12:20 ET (17:20 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toronto Stocks Flat, Bank of Nova Scotia Falls on Cautious Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToronto Stocks Flat, Bank of Nova Scotia Falls on Cautious Outlook\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-12-04 01:20</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Adriano Marchese \n</p>\n<pre>\n \n</pre>\n<p>\n  Toronto stocks were nearly unchanged as Canadian fourth-quarter bank earnings season kicked off with Bank of Nova Scotia. \n</p>\n<p>\n  Sector performance was split Tuesday with losses primarily in consumer durables, finance and transportation offset by gains primarily in materials, tech and health tech stocks. \n</p>\n<p>\n  Canada's S&amp;P/TSX Composite Index edged up 0.1% to 25616.05 and the blue-chip S&amp;P/TSX 60 was flat at 1536.79. \n</p>\n<p>\n  Shares of Bank of Nova Scotia shares fell 3% to 77.42 Canadian dollars ($55.11) after the Canadian financial institution said it will be cautious on capital allocation. The new approach comes as the change in administration in the U.S. introduces uncertainty for the global economy even as central bankers are easing monetary policy in response to cooling inflation. \n</p>\n<pre>\n \n</pre>\n<p>\n  Other market movers: \n</p>\n<pre>\n \n</pre>\n<p>\n  Bombardier shares rose after signing a strategic agreement with Honeywell to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion and satellite communications technologies. The partnership is estimated to have a value of $17 billion. \n</p>\n<p>\n  AltaGas shares advanced 1.6% to C$34.67 after it set its growth targets for 2025 and increased its annual dividend thanks to growth across its three main business segments. The upper ends of its normalized earnings per share and normalized earnings before interest, taxes, depreciation and amortization all came in above consensus expectations. \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/MUX\">McEwen Mining</a>'s stock rose 11% to C$9.25 a share after the miner's copper subsidiary secured an environmental permit for its Los Azules project in Argentina, one of the largest undeveloped copper deposits globally. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 03, 2024 12:20 ET (17:20 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"綜合性銀行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2488492596","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488492596","pubTimestamp":1733246400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Toronto stocks were nearly unchanged as Canadian fourth-quarter bank earnings season kicked off with Bank of Nova Scotia.Sector performance was split Tuesday with losses primarily in consumer durables, finance and transportation offset by gains primarily in materials, tech and health tech stocks.Canada's S&P/TSX Composite Index edged up 0.1% to 25616.05 and the blue-chip S&P/TSX 60 was flat at 1536.79.Shares of Bank of Nova Scotia shares fell 3% to 77.42 Canadian dollars  after the Canadian financial institution said it will be cautious on capital allocation. 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The partnership is est","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","BNS":"丰业银行"},"translate_title":"多伦多股市持平，新斯科舍银行因前景谨慎而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BNS":1},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Toronto stocks were nearly unchanged as Canadian fourth-quarter bank earnings season kicked off with Bank of Nova Scotia. \n\n\n  Sector performance was split Tuesday with losses primarily in consumer durables, finance and transportation offset by gains primarily in materials, tech and health tech stocks. \n\n\n  Canada's S&P/TSX Composite Index edged up 0.1% to 25616.05 and the blue-chip S&P/TSX 60 was flat at 1536.79. \n\n\n  Shares of Bank of Nova Scotia shares fell 3% to 77.42 Canadian dollars ($55.11) after the Canadian financial institution said it will be cautious on capital allocation. The new approach comes as the change in administration in the U.S. introduces uncertainty for the global economy even as central bankers are easing monetary policy in response to cooling inflation. \n\n\n \n\n\n  Other market movers: \n\n\n \n\n\n  Bombardier shares rose after signing a strategic agreement with Honeywell to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion and satellite communications technologies. The partnership is estimated to have a value of $17 billion. \n\n\n  AltaGas shares advanced 1.6% to C$34.67 after it set its growth targets for 2025 and increased its annual dividend thanks to growth across its three main business segments. 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