Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

The TSX opened lower Tuesday, weighed down by declines in energy and materials despite a surge in tech stocks south of the border. Investors are treading cautiously ahead of key comments from Washington as global markets await the outcome of President Trump’s visit with world leaders.

On the corporate front, Cygnet Energy announced plans to acquire Kiwetinohk Energy in a $1 billion deal, expanding its footprint in Western Canada’s oil and gas sector. Meanwhile, Cameco and Brookfield signed a partnership agreement with the U.S. government to help build nuclear reactors, bolstering clean energy collaboration between the two countries.

Market numbers

TSX: Down (0.25%), 30,275.76

TSXV: Down (0.17%), 899.42

DOW: Up (0.71%), 47,544.60

NASDAQ: Up (1.83%), 25,821.55

FTSE: Up (0.08%), 9,664.00

In the headlines

  • Cygnet Energy acquires Kiwetinohk for $1B – Calgary-based Cygnet Energy will acquire Kiwetinohk Energy (TSX:KEC) in a $1 billion deal aimed at expanding its natural gas and renewable assets portfolio across Alberta. The all-cash transaction marks one of the year’s largest domestic energy mergers.
  • Cameco and Brookfield sign U.S. reactor dealCameco (TSX:CCO; NYSE:CCJ) and Brookfield Renewable (TSX/NYSE:BAM) announced a new agreement with the U.S. government to help build small modular reactors. The deal strengthens cross-border nuclear cooperation and underscores growing momentum in the clean energy sector.

Currencies

USD: Down (0.08%), $0.7138

GBP: Up (0.37%), $0.5375

EUR: Up (0.05%), $0.6139

JPY: Down (0.46%), ¥108.77

Bitcoin: Up (0.65%), US$114,823.19

(Conversion to C$1)

Commodities

Copper: Down (0.53%), 5.1774

Gold: Down (1.43%), 3,925.68

WTI: Down (1.57%), 60.88

Natural Gas: Down (1.92%), 3.88

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

Join the discussion: Find out what everybody’s saying about Cygnet and Cameco for October 28th, 2025, on Stockhouse’s stock forums and message boards.

Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.


More From The Market Online

@ the Bell: Markets fall as Middle East energy attacks disrupt global trade

Canada’s main stock index extended its decline on Thursday as rising tensions in the Middle East—sparked...

This oil and gas stock is a solid bet on Middle Eastern unrest

As Middle East tensions rise, the case for investing in oil and gas stocks in conflict-resistant nations is at a generational peak.
The Market Online Video

Markets in Motion: fear builds as sector rotation shifts

Bruce Campbell breaks down market volatility, the fear and greed index, moving averages and sector rotation, with a closer look at gold stocks, healthcare…

Embattled UAE orders SPARC AI’s GPS-free drone technology

SPARC AI to send its GPS-denied mobile drone navigation and targeting technology to a group working with the UAE Ministry of Defense.