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Market Open: Gold Reprieve for TSX Amid Trade-War | Wed. Feb 5

Day Trading, Economy, Finance, Market News, Market Summary
05 February 2025 10:00 (EDT)
Stock market charts and roller coaster

(Source: Adobe Stock. Generated by AI)

Market Numbers: (Futures)

TSX : Down  (0.36%) 25,241.76
TSXV: Down (0.49%) 620.67
DOW:  Down  (0.41%)  44,515.00
NASDAQ: Down (0.55%) 21,469.75
FTSE: Up (0.13%) 8,544.50

In the Headlines

The British Columbia government has released a list of 18 critical mineral and energy projects worth roughly $20 billion that it said it’s working to accelerate in the face of ongoing tariff threats.

And USPS has abruptly halted accepting all packages from Hong Kong and China until further notice. This move comes after China imposed retaliatory tariffs on US imports. This also includes any shipments coming from Canada to the US with packages originally from China.

Currencies Update

Futures look mixed with the Canadian dollar taking on 0.27% on the greenback, sitting at $0.7000, continuing the decline against the Euro $0.01689 (0.10%) to $0.6718 and Bitcoin drops $2,037.47 (1.43%) to $139,994.39

Commodities (Furtures)

Natural Gas: Down (4.48%), 3.20
WTI:  Down (2.87%), 71.37
Gold: Up (0.75%), 2,824.30
Copper: Down (0.27%) 5.8674

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