Will the BoC do another interest rate cut tomorrow? Well investors are optimistic and are expecting the central bank to provide additional support to the Canadian economy by cutting interest rates by 25 basis points.
Market Numbers: (Futures)
TSX : Up (0.4%) 24,283.19
TSXV: Down (3.18%) 594.74
DOW: Up (0.37%) 42,102.00
NASDAQ: Up (0.53%) 19,556.50
FTSE: Down (0.30%) 8,574.81
In the Headlines
Alberta is moving ahead with major expansion of direct oil sales to allow oil sands producers to pay their royalties in bitumen, letting it turn around and sell those barrels internationally in a major expansion of the government’s role in the market.
And there is one area that Canada is more than holding its own as the trade dispute between countries continues. The stock market. Canada stocks are on track to beat U.S. for longest stretch since 2022
Currencies Update: (Futures)
Canadian dollar picks up 0.27% to $.6960, down 0.42% to $0.6338 against the Euro.
Bitcoin drops another 2.11% to $117,325.63
Commodities: (Future)
Natural Gas: Up (1.97%), 4.54
WTI: Up (1.28%), 66.87
Gold: Up (0.91%), 2,911.83
Copper: Up (0.63%) 6.30
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