TSX futures turned positive before Thursday’s market open in a reversal of sentiment, following the index reaching a 13-day low, after a reassuring statement from the Bank of Canada on Wednesday about its commitment to remaining flexible about monetary policy based on evolving energy and US trade dynamics.
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US futures also moved higher in expectation of a personal consumption expenditures report, the Federal Reserve’s favored inflation gauge, set to be released later today, potentially setting the stage for rate increases and lower prices ahead. Investors are also responding to conviction-building outlooks this morning from Micron and Qualcomm that are easing lingering worries about the ultimate utility of AI.
Market numbers
TSX: Down (0.55%), 34,736.09.
TSXV: Down (2.68%), 897.95.
DOW: Down (0.02%), 51,963.1.
NASDAQ: Up (0.26%), 29,831.6.
FTSE: Up (0.80%), 10,524.07.
In the headlines
BlackBerry (TSX/NYSE:BB) reported impressive Q1 fiscal 2027 results marked by revenue growth of 26 per cent year-over-year (YoY), adjusted EBITDA growth of 144 per cent YoY and the company’s first quarter of positive operating cash flow in nine years, reflecting robust momentum in its software and secure communications divisions.
Another technology name with notable news today is IBM (NYSE:IBM), which unveiled the world’s first sub-1 nanometer (nm) chip technology, whose ability to host nearly 100 billion transistors on a chip the size of a fingernail is expected to offer an up to 70 per cent increase in energy efficiency compared to IBM’s previous generation of chips, proving the company to be on the leading-edge of compute-related innovation.
Currencies
USD: Down (0.09%), US$0.7016.
GBP: Up (0.02%), £0.5332.
EUR: Up (0.12%), €0.6193.
JPY: Down (0.01%), ¥113.680.
AUD: Up (0.05%), A$1.0183.
Bitcoin: Up (0.43%), C$87,248.2.
(Conversion to C$1)
Commodities
Copper: Up (0.69%), US$6.08354.
Gold: Down (0.35%), US$3,985.26.
WTI: Down (4.47%), US$70.50.
Natural Gas: Up (0.61%), US$3.304.
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