Prime Minister Mark Carney calls a snap Federal Election in April and U.S. Trade Wars keep Bank of England interest rate unchanged.
Market Numbers (Futures)
TSX : Up (1.47%) 25,069.21
TSXV: Up (1.12%) 638.43
DOW: Up (0.92%) 41,964.63
NASDAQ: Up (1.41%) 17,750.79
FTSE: Down (0.12%) 8,696.58
In the Headlines
Small business optimism in Canada is at its lowest level in 25 years. Following the US trade war, the Canadian Federation of Independent Businesses barometer index fell to 25 this month according to a flash poll of 1065 firms. Nearly 60 per cent expect business performance to be weaker and inflation to rise. Economists point out that a prolonged dispute with the US will send the country into a recession.
Overseas, the ripple effect of the US instigated global trade tensions continue. The Bank of England held its interest rates at 4.5 percent. The Monetary Policy committee voted 8-1 to keep rates on hold .
Currencies Update: (Futures)
The Canadian dollar edged down against the greenback, trading at US$0.69. The loonie is down against the Pound and up against the Sterling. Bitcoin continues it upward move, adding over C$2200.
Commodities: (Futures)
Natural Gas: Down (1.24%), 4.19
WTI: Up (0.16%), 67.00
Gold: Down (0.43%), 3036.00
Copper: Up (0.20%) 5.08
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