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 deal – Cameco (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
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