The TSX opened lower Wednesday, following a pullback across North American equities after Fed Chair Jerome Powell said stocks appear “fairly highly valued.” Crypto is also in the spotlight, with Dogecoin’s long-awaited ETF failing to attract traction.
Market numbers
TSX: Down (0.48%), 29,815.63
TSXV: Down (1.03%), 912.85
DOW: Up (0.31%), 46,438.39
NASDAQ: Down (0.73%), 24,580.17
FTSE: Down (0.02%), 9,270.50
In the headlines
Powell sparks pullback – The S&P 500 retreated from record levels after Jerome Powell warned valuations look “fairly high.” The remarks tempered market sentiment, sending the Nasdaq down 0.7% and cooling momentum from last week’s highs.
Dogecoin ETF underwhelms – Hopes for a crypto boost fell flat as the first Dogecoin ETF drew only US$8 million in inflows. DOGE slipped on the news, underscoring weak investor appetite for meme-coin products despite broader crypto gains earlier this year.
Hudbay halts Peru mine – Hudbay Minerals Inc (TSX:HBM) temporarily shut down operations at its Constancia mine in Peru due to unrest. The company said full-year guidance remains unaffected, but the stoppage highlights ongoing risks for Canadian miners operating in Latin America.
Currencies
USD: Down (0.35%), $0.7199
GBP: Up (0.26%), $0.5355
EUR: Up (0.33%), $0.6135
JPY: Up (0.42%), ¥107.14
Bitcoin: Down (0.68%), 113,087.97
(Conversion to C$1)
Commodities
Copper: Up (1.66%), 4.7349
Gold: Flat (+0.16%), 3,764.69
WTI: Up (1.15%), 64.73
Natural Gas: Up (0.85%), 3.142
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