Well Canada’s next Prime Minister has been elected, just ahead of the BoC’s next interest rate decision later this week causing mixed reactions from investors.
Market Numbers: (Futures)
TSX : Down (1.00%) 24,511.17
TSXV: Down (1.50%) 614.30
DOW: Down (1.06%) 42,384.00
NASDAQ: Down (1.49%) 19,929.25
FTSE: Down (0.36%) 8,648.84
In the Headlines
Liberal candidate Mark Carney has been elected to serve as the nation’s next Prime Minister, replacing Justin Trudeau. Once he’s sworn in he is expected to call a general election to take advantage of polling momentum during widespread opposition to President Trump’s tariff policies.
And Former prime minister Jean Chretien took to the stage Sunday evening at the Liberal Party leadership convention stating Canada had every right to retaliate the way it did in the ongoing trade war with the United States, adding it should hit back even harder by imposing taxes on major exports and using the money to bolster our infrastructure, including a pipeline “from Alberta to Quebec.”
Currencies Update: (Futures)
The Canadian dollar down 0.20% to $.6925, deletes 0.33% to $0.6375 to the Euro.
Bitcoin drops 1.65% to $119,865.15
Commodities: (Future)
Natural Gas: Up (5.50%), 4.64
WTI: Up (0.61%), 67.50
Gold: Down (0.19%), 2,906.33
Copper: Up (0.62%) 6.26
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