Canadian stocks pointed lower Thursday as futures slipped, dragged down by falling oil and gold prices, with fresh U.S. economic contraction fueling demand worries across commodities.
Market Numbers (Futures)
TSX :Down (0.02%) 24,792.00
TSXV: Down (0.18%) 653.62
DOW: Up (0.06%) 40,618.00
NASDAQ: Down (0.69%) 19,507.25
FTSE: Down (0.017%) 8,493.37
Headlines:
Canada’s economy contracted by 0.2% in February, but economists suggest the downturn isn’t yet a direct result of U.S. tariff threats.
And U.S. President Donald Trump acknowledged that his sweeping tariff program had risked imperiling him politically, but said he would not rush deals to appease nervous investors during a town hall on Wednesday
Currencies Update: (Futures)
The Canadian dollar is down 018% holding steady at $0.722 U.S., Lost 0.13% to $0.6380 against the Euro, and Bitcoin skips up 1.03% to $132,949.69
Commodities: (Futures)
Natural Gas: Up (1.46%), 3.40
WTI: Down (2.08%), 57.00
Gold: Down (2.43%), 3,208.63
Copper: Up (0.82%) 5.78
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