logo
TSX Futures Stall as Inflation Jitters Take Centre Stage

TSX Futures Stall as Inflation Jitters Take Centre Stage

TSX futures held the line Wednesday morning, stuck in neutral as traders weighed the inflation fallout from tariff threats and kept one eye locked on U.S. producer price data set to drop later today.
Market Numbers (Futures)
TSX : Flat ( 0.00%) 27,054.14TSXV: Down (0.48%%) 782.77DOW: Up (0.21%) 44,339.00NASDAQ: Down (0.18%) 23,015.75
FTSE: Up (0.029%) 8,963.81
In the Headlines:
Canada's emergency alert system is under the microscope as the CRTC launches a public consultation to fix what many say is a dangerously broken warning system.
And Trump may have found a backdoor to oust Fed Chair Jerome Powell, by weaponizing a $2.5 billion building renovation he's now calling a 'disaster.'
Currencies Update: (Futures)
The Canadian dollar drifts slightly lower to $0.7281 U.S., edges up 0.03% against the euro at $0.6283, and Bitcoin lights it up, surging over 1.42% or 2,200 points to C$163,268.86.
Commodities: (Futures)
Natural Down: Up (1.43%), 3.56WTI: Down (1.23%), 65.90Gold: Up (0.39%), 3,335.60
Copper: Down (0.32%) 5.95
To stay up-to-date on all of your market news head to stockhouse.com
Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Strathcona Announces Q2 2025 Conference Call
Strathcona Announces Q2 2025 Conference Call

Cision Canada

time15 minutes ago

  • Cision Canada

Strathcona Announces Q2 2025 Conference Call

CALGARY, AB, July 21, 2025 /CNW/ - Strathcona Resources Ltd. (" Strathcona" or the " Company") (TSX: SCR) will release its second quarter 2025 financial and operating results after market close on August 7, 2025. Strathcona will host a conference call on August 8, 2025, starting at 9:00AM MT (11:00AM ET), to review the Company's second quarter 2025 results. For those unable to participate in the conference call at the scheduled time, a recording of the conference call will be available for seven days following the call and can be accessed by dialing 1 (888) 660-6345 and entering the conference number 20959. Strathcona Resources Ltd. Strathcona Resources is one of North America's fastest growing oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life oil and gas assets. Strathcona's common shares (symbol SCR) are listed on the Toronto Stock Exchange (TSX). For more information about Strathcona Resources, visit

NAV CANADA reports June 2025 traffic figure
NAV CANADA reports June 2025 traffic figure

Cision Canada

timean hour ago

  • Cision Canada

NAV CANADA reports June 2025 traffic figure

OTTAWA, ON, July 21, 2025 /CNW/ - NAV CANADA announced today its traffic figure for the month of June 2025 as measured in weighted charging units for enroute, terminal and oceanic air navigation services, in comparison to the prior year. In June 2025 weighted charging units were higher on average by 4.1 percent compared to the same month in 2024. Weighted charging units represent a traffic measure that reflects the number of billable flights, aircraft size and distance flown in Canadian airspace and is the basis for movement-based service charges, which comprise the vast majority of the Company's air traffic revenue. About NAV CANADA NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace. The Company is internationally recognized for its safety record, and technology innovation.

Stellantis warns of more tariff impacts as it reports US$2.7B loss
Stellantis warns of more tariff impacts as it reports US$2.7B loss

Global News

timean hour ago

  • Global News

Stellantis warns of more tariff impacts as it reports US$2.7B loss

Stellantis expects more impact from U.S. tariffs on vehicles and auto part imports in the second half of 2025, the company said on Monday as it reported a preliminary 2.3 billion euro (US$2.7 billion) net loss for the first six months of the year. The carmaker, which owns a sprawling portfolio of brands including Jeep, Ram, Peugeot and Fiat, said President Donald Trump's tariffs had cost it 300 million euros so far as the company reduced vehicle shipments and cut some production to adjust manufacturing levels. But Chief Financial Officer Doug Ostermann told analysts that the 300 million euro impact was not representative of what the group expects for the second half, as tariffs only came into effect part way through the first half. 'We'll see significantly more in the second half unless things change … given the current outlook, I would expect to see that figure probably double in the second half or more,' he said, adding that Stellantis was seeing a total full-year impact of between 1 and 1.5 billion euros. Story continues below advertisement 2:01 Some small auto businesses suffering under U.S. Tariff threats Stellantis, which under new CEO Antonio Filosa faces the challenge of revamping its product ranges in Europe and the United States, said it also booked 3.3 billion euros in pre-tax charges for the first half. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy These were due to program cancellations, including a hydrogen fuel cell project and money set aside for fines linked to U.S. pre-Trump carbon emission regulation. It was also investing more in popular hybrid cars in Europe and large gasoline-powered models in the U.S. market. Last year, more than 40 per cent of the 1.2 million vehicles Stellantis sold in the United States were imports, mostly from Mexico and Canada where Trump has imposed tariffs of 25 per cent. Imports from the EU face levies of 30 per cent, though these have been deferred to Aug. 1. Earnings miss In April this year, the company said it had reduced vehicle imports in response to tariffs and would calibrate 'production and employment to reduce impacts on profitability.' Story continues below advertisement The automaker's first-half results were below consensus, according to analysts at Jefferies, Bernstein and Citi. But despite the earnings miss, restructuring steps taken by Stellantis 'suggest decisive actions,' Bernstein analysts said. Milan-listed shares in the automaker closed up 1.5 per cent after falling as much as 3.9 per cent in morning trade. They are down 35 per cent since the start of the year. In April, Stellantis suspended its profit forecasts for 2025 due to uncertainty about tariffs, but said on Monday it was publishing its unaudited preliminary financial data to align analyst forecasts with the group's actual performance. Asked whether Stellantis' situation was similar to that of rival Renault's, whose shares fell as much as 18 per cent last week when it issued a profit warning on the back of softening demand for cars and vans in Europe, Ostermann said Europe was a 'very competitive environment.' 8:50 Automotive parts manufacturers association doesn't want countertariffs 'I won't disagree with our counterparts at Renault,' he said. Story continues below advertisement Stellantis' first-half loss, versus a 5.6 billion euro net profit a year earlier, underscores the tough challenges for Filosa, who was appointed in May after a disastrous performance in the company's crucial U.S. market in 2024 forced the ousting of former boss Carlos Tavares. In a letter to employees seen by Reuters the new CEO on Monday promised that 2025 would be 'a year of gradual and sustainable improvement' after a 'tough first half, with increasing external headwinds.' Stellantis, which will publish its final results for the first half on July 29, said it burnt through 2.3 billion euros of cash in the January-June period. –Additional reporting by Enrico Sciacovelli; Writing by Giulio Piovaccari and Nick Carey; Editing by Louise Heavens and David Holmes

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store