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Market Open: Debate over Trump’s Tax Bill Tips TSX Down | Wed. May 21

Economy, Market News, Market Summary
21 May 2025 10:00 (EST)
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Canadian equity futures edged lower Wednesday, pulling back from record highs as investors monitored trade headlines and U.S. tax reform talks.

Market Numbers (Futures)

TSX :Down( 0.60%) 25,899.30
TSXV: Up (2.96%) 692.74
DOW:  Down (0.75%) 42,499
NASDAQ: Down (0.53%) 21,334.00
FTSE: Down (0.016%) 8,779.75

In the Headlines:

Canada’s inflation cooled sharply to 1.7% in April, largely due to the elimination of the consumer carbon price. But with core inflation still running above 3%, the Bank of Canada faces renewed pressure ahead of its June rate decision. Could this be a back-to-back hold?

Currencies Update: (Futures)

The Canadian dollar pops up 0.18% to $0.7211 U.S.,  slides by 0.22% to $0.6342 to the Euro, and Bitcoin roared ahead with 1.26% to $148,020.45

Commodities: (Futures)

Natural Gas: Up (1.42%), 3.48
WTI:  Up (0.91%), 62.61
Gold: Up (0.58%), 3,309.21
Copper:  Down (0.58%) 6.02

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