Market Open: Strong Commodity Gains Boost Canada's Main Stock Index
Canada's main stock index took a boost this morning, backed by strong commodity gains giving investors a reprieve ahead of the BoC rate decision later this week.
Market Numbers (Futures)
TSX :Up ( 0.20%) 26,227.40TSXV: Down (0.36%) 700.91DOW: Down (0.21%) 42,181.00NASDAQ: Up (0.70%) 21,258.75
FTSE: Up (0.13%) 8,784.05
In the Headlines:
Ontario and Saskatchewan strike a deal to slash trade barriers, vowing freer flow of goods and labour. The move sets the stage for a high-stakes meeting with Prime Minister Mark Carney on economic unity
And,As U.S. tariffs loom and inflation remains stubborn, the Bank of Canada is poised for a pivotal rate decision this week, balancing economic growth concerns with price stability mandates.
Currencies Update: (Futures)
The Canadian dollar is up 0.30% to $0.7321 US to the greenback, down against the Euro by 0.33% to $0.6370 and Bitcoin sheds 0.18% to $145,502.52
Commodities: (Futures)
Natural Gas: Up (6.63%), 3.68WTI: Up (4.43%), 63.49Gold: Up (2.06%), 3,359.582
Copper: Up (0.58%) 6.02
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