It’s been a weekend of tariffs and tidal waves across Canada and the US causing futures of Toronto’s main index to sharply decline as part of a global sell off this morning.
Market Numbers:
TSX : Down (01.31%) 25,533.1
TSXV: Down (0.67%) 623.75
DOW: Down (1.31%) 44,114.00
NASDAQ: Down (1.70%) 21,222.00
FTSE: Down (1.33%) 8,544.50
In the Headlines
Ontario Premier Doug Ford is announcing that the province will rip up its $100 million contract with Elon Musk’s Starlink ahead of the incoming 25 per cent tariffs.
And B.C. Premier David Eby responded forcefully with a 3 prong retaliation to the tariffs by firstly directing BC Liquor stores to “immediately stop buying American liquor from red states,” and to remove existing stock of the most popular brands from store shelves.
Currencies Update
The Canadian dollar fell to its lowest level in more than two decades dropping $0.06119 to $0.6817 cents US, loses $0.0244 cents to $0.6640 against the Euro and Bitcoin deletes over $5,091.73. (3.52%) $139,369.56
Commodities
Natural Gas: Up (8.69%), 3.30
WTI: Up (2.71%), 74.49
Gold: Up (0.34%), 2,809.49
Copper Up (0.86%) 5.9447
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