13 hours ago
- Business
- The Market Online
Market Open: Investors retreat as Iran-Israel war escalates
TSX futures trended lower on Tuesday morning as the Iran-Israel war continues to degenerate, with hundreds of lives lost entering the fifth day of fighting, and more investors moving to the sidelines in wait for calmer markets.
The Israeli military issued an evacuation warning on Monday affecting about 330,000 people in Tehran in an area including three major hospitals, as well as Iran's state TV station and police headquarters.
Market Numbers (Futures)
TSX: Down (0.2%) 26,515.47.
TSXV: Up (0.59%), 725.38.
DOW: Down (0.44%), 42,350.
NASDAQ: Down (0.47%), 21,838.75.
FTSE: Down (0.4%), 8,844.12.
In the Headlines
The Mali government has taken control of Barrick Mining's Loulo-Gounkoto gold complex for an initial period of six months in an ongoing dispute over unpaid taxes. The complex and its accompanying Kibali mine rank within the top 10 gold mines in the world, with Barrick being Africa's largest gold producer. A number of Barrick employees were arrested and remain in detention on account of the dispute.
Meanwhile, Canadian prime minister Mark Carney and U.S. president Donald Trump have set the mutual goal of ending the Canada-U.S. trade war within the next 30 days, with talks scheduled for later this week. The agreement, reached on Monday at the ongoing G7 summit, will also include discussions on critical metals, border security and the gun and drug trades, according to a report from The Globe and Mail.
US: Up (0.08%), US$0.7374.
Euro: Up (0.03%), €0.6374.
GBP: Up (0.13%), £0.5433.
JPY: Up (0.01%), ¥106.64.
Bitcoin: Down (1.07%), C$143,298.31.
(Conversion to C$1)
Commodities (Futures)
Natural Gas: Up (2.17%), US$3.82.
WTI: Up (0.06%), US$71.81.
Gold: Up (0.06%), US$3,386.20.
Copper: Down (0.031%), US$4.8191.
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