Investors are digesting January’s employment data, holding critical insights for assessing Canada’s economic health. Meanwhile, commodity prices show gains bolstering Canada’s main stock index.
Market Numbers: (Futures)
TSX : Up (0.23%) 25,534.49
TSXV: Down (0.38%) 639.51
DOW: Down (0.28%) 44,747.63
NASDAQ: Up (0.51%) 19,791.99
FTSE: Down (0.18%) 8,711.61
In the Headlines
Canada’s labour market added another 76,000 jobs in January, beating economist expectations. Statistics Canada’s labour force survey on Friday also said the unemployment rate ticked down again 0.1 percentage points to 6.6 per cent.
And Bank of Canada governor Tiff Macklem says central banks face an increasingly difficult job as the country faces a storm of potential U.S. tariffs, technological disruptions, extreme weather and global political upheaval. Staring “The longer this uncertainty persists, the more it will weigh on economic activity in our countries.”
Currencies Update: (Futures)
Futures of the Canadian dollar holding at US$0.6988 (-0.01%) on the tails of the greenback, in the green against the Euro sitting at $0.6740 (+0.15%) and Bitcoin stays at CDN $141,273.98 (+58.58 ) (0.04%).
Commodities: (Future)
Natural Gas: Down (0.91%), 3.38
WTI: Up (0.71%), 71.10
Gold: Up (0.29%), 2,863.55
Copper: Up (1.83%) 5.9930
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