Investors are closely watching the release of the U.S. Consumer Price Index (CPI) data on Wednesday, which is expected to shed light on inflation trends and potential interest rate movements. Optimism surrounding the data has pushed Canada’s main stock index futures higher, though with caution prevailing.
Market Close Snapshot
The TSX closed at a nearly four-week low on Monday, settling at $24,536.32. The TSX Venture Exchange dropped by 1.25%, while in the U.S., the Dow climbed 358.67 or 0.86%. The Nasdaq, however, dipped 73.53 points or 0.38%
In the Headlines
Starbucks has announced a reversal of its open-door policy, emphasizing service for paying customers. This shift is part of a strategy spearheaded by new Chairman and CEO Brian Niccol to boost the company’s declining sales. Niccol aims to revive Starbucks’ reputation as a welcoming community coffeehouse while driving profitability.
Currencies Update
The Canadian dollar lost $0.05 cents against the U.S to $0.6940 and holding at $0.6773 against the Euro. Bitcoin, meanwhile, has regained the $7,830.70.
Commodities
- Copper: Extending its upward trend by 0.26%
- Gold: Up over 4.60%, holding at $2,661.72.
- WTI Crude Oil: Deleted 0.60%, sitting at $78.35 US per barrel.
- Natural Gas: Down 3.82%.
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