Another day of uncertainty for investors as they await U.S. inflation data that could explain Federal Reserve Chair, Jerome Powell’s latest strong-hold comment.
Market Numbers: (Futures)
TSX : Down (0.06%) 25,631.83
TSXV: Up (1.30%) 634.54
DOW: Down (0.05%) 44,465.00
NASDAQ: Up (0.21%) 21,836.00
FTSE: Up (0.09%) 8,785.33
In the Headlines
Some developers say looming U.S. tariffs on Canadian steel and aluminum could be detrimental to the housing sector due to higher costs of key construction materials. CEO of Ontario Home Builders Association said “When you throw something as dramatic as trade tariffs into an environment that’s already suffering from low margins, high interest rates and high input costs, the potential for costs … going up makes builders quite nervous,”
And Michelle Alexopoulos has been appointed as an external deputy governor for the Bank of Canada and will serve a two-year term starting on March 17.
Currencies Update: (Futures)
Canadian dollar down -0.11% holding at $0.6991, also on the decline against the Euro -0.15% to $0.6743 and Bitcoin falls -1.20% $138,041.89
Commodities: (Future)
Natural Gas: Down (0.20%), 3.512
WTI: Down (1.09%), 72.53
Gold: Down (0.71%), 2,878.05
Copper: Up (0.59%) 6.02
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