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Stock impact report

CANADA STOCKS-TSX rise as US payroll data up hopes of early rate cut [Yahoo! Finance]

Open Text Corporation - Common Shares (OTEX) 
Last open text corporation - common shares earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.opentext.com/investor-relations
Company Research Source: Yahoo! Finance
(Updates at markets close) By Shubham Batra and Promit Mukherjee May 3 (Reuters) - Canada's main stock index ended higher on Friday, led by gains in technology and healthcare during a broad-based rally as slowing U.S. jobs growth in April raised hopes of early interest rate cuts by the U.S. Federal Reserve. The Toronto Stock Exchange's S&P/TSX composite index ended up 128.52 points, or 0.59%, at 21,951.74, paring most of its losses in the past week. U.S. job growth slowed more than expected in April and annual wage gains cooled, with traders now adding to bets that the Fed will deliver its first interest rate cut this year in September compared with expectations of one cut in December before the data. "The jobs report delivered a 'Goldilocks' number: not too hot, not too cold, but just right," said Brandon Michael, senior investment analyst at ABC Funds, adding that this gives central banks the flexibility to cut rates later this year. Any flexibility that the Fed gets in Show less Read more
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