Stock chart arrow pointing down with a Canadian flag in the background.
(File image)

Futures tied to Canada’s main stock index fell in a broad decline on Wednesday, joining a slide among markets across the globe. Rating agency Fitch downgraded United States’ top credit rating, prompting them to park their money in safe-haven gold. Canada is set for an earnings-heavy week.

US stock futures also fell after the long-term rating downgrade and traders continued to assess the latest batch of Q2 earnings results.

Today in the Markets

TSX 20,218.21 -314.72 TSX
TSXV 611.92 -10.76 TSXV
CSE 155.19 -1.65 TSXV
DJIA 35,282.52 -348.16 DJIA
NASDAQ 13,973.45 -310.47 NASDAQ
S&P 500 4,514.19 -62.54 S&P 500

The Canadian dollar traded for 74.90 cents US, compared to 75.24 cents US on Tuesday.

US crude futures traded $1.60 lower at $79.77 a barrel, and the Brent contract lost $1.46 to $83.45 a barrel.

The price of gold was down US$16.70 to US$1,935.46.

In world markets, the Nikkei was down 768.89 points to 32,707.69, the Hang Seng was down 493.74 points to 19,517.38, the FTSE was down 104.64 points to 7,561.63, and the DAX was down 220.38 points to 16,020.02.

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.


More From The Market Online
Uranium barrels

Standard Uranium stock rallies on new survey results

Standard Uranium stock (TSXV:STND) was up by 50 per cent after announcing positive geophysical results in the Eastern Athabasca Basin.
Happy Caps 2 kg Mushroom Home Grow Kit

Red Light Holland expects new mushroom grow kit order from Costco

Red Light Holland receives an informal projection from Costco Canada outlining a 20,160 unit order of Happy Caps Mushroom Home Grow Kits.

Xtract One reports strongest quarterly results in company history

Xtract One Technologies (TSX:XTRA) announced its fiscal second quarter results for the three months ended January 31, 2025.