Inflation in Canada running hotter than expected in February, putting pressure on the Bank of Canada’s rate reduction cycle.

Market Numbers: (Futures)

TSX : Up (0.94%) 24,785.11

TSXV: Up  (1.54%) 630.69

DOW:  Up (0.85%)  41,841.63

NASDAQ: Up (0.31%) 17,808.66

FTSE: Up (0.69%) 8,601.72

In the Headlines:

The TSX opened up adding over 230 points and the Dow Jones Industrial Average added over 350 points to start the second trading day of the week.

Inflation in Canada running hotter than expected in February, putting pressure on the Bank of Canada’s rate reduction cycle. The annual rate of inflation accelerated  to 2.6 per cent in  as the federal government’s temporary Holiday tax break came to an end February 15th. StatCan calculations show that, without the tax break in place for half a month, inflation would have come in at three per cent in February.

Calgary-based international fuel distributor and convenience retailer, Parkland answered the call to add new Board Directors. The company has appointed Felipe Bayon and Sue Gove as independent directors.

Currencies Update: (Futures)

In currencies today, the Canadian dollar is up against the greenback, trading at 70 cents U.S.  Bitcoin dropped over C$1100 from its price.

Commodities: (Futures)

Natural Gas: Down (0.20%), 4.00

WTI:  Up (1.39%), 68.53

Gold: Up (0.96%), 3027.98

Copper:  Up (1.21%) 4.99

To stay up-to-date on all of your market news head to stockhouse.com

Join the discussion: Find out what everybody’s saying check out the rest of Stockhouse’s stock forums and message boards.

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

@ the Bell: Markets set mixed tone for Wednesday interest rate decisions

The TSX gave back 0.52% on Friday driven by losses in tech, industrial and healthcare stocks, as well as stronger-than-expected labour data.

Foraco signs drilling contracts with major US gold miners

Foraco (TSX:FAR) signs two long-term contracts with Tier-one US gold producers for a combined value of more than US$60 million.

Market Open: Meta Surges on AI Pivot, Netflix Shocks Wall Street with $72B Warner Bros. Deal | Dec 05, 2025

TSX jumps 1.02% as Meta rises 3.4% on AI pivot and Netflix announces $72B Warner Bros. deal. Nasdaq gains, gold and copper climb, Bitcoin…

Serve Robotics expands autonomous Uber deliveries in Florida

Serve Robotics (NASDAQ:SERV), an autonomous delivery company spun out from Uber in 2021, is expanding its services into Fort Lauderdale.