TSX futures inched higher before Friday’s market open thanks to resiliency in energy and precious metals, which, in turn, are responding to weak US jobs data suggesting that the economy is cooling, perhaps invalidating the need for an interest rate hike.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Dow, Nasdaq and S&P 500 futures were also higher leading into the United States’ 250th birthday, with investors choosing optimism in the face of softer-than-expected jobs data, which offers hope for a dip in the inflationary pressures that have become a hallmark of the Trump administration.
Market numbers
TSX: Up (0.31%), 34,966.67.
TSXV: Up (1.95%), 914.38.
DOW: Down (0.08%), 52,800.9.
NASDAQ: Up (0.89%), 29,631.5.
FTSE: Down (0.47%), 10,614.95.
In the headlines
The Alberta Government shared more details about its planned million-barrel-per-day bitumen pipeline to British Columbia to strengthen ties with Asian markets. The project would run from Bruderheim, Edmonton, to a terminal in Delta, BC, following the existing Trans Mountain pipeline, and would carry an estimated price tag of between C$35.2-43.7 billion. Alberta will push for designating the pipeline as a project of national interest by October 1st.
Keeping our focus on commodities, Mining Americas (TSX:MAI), formerly Minera Alamos, graduated from the TSXV to the TSX on Friday, with shares set to benefit from exposure to a potentially significantly larger investor base. The company’s flagship Pan Complex in Nevada is expected to produce between 32,000-38,000 ounces of gold in 2026, complemented by a portfolio of high-quality development projects in the US and Mexico.
Currencies
USD: Down (0.10%), US$0.7041.
GBP: Down (0.13%), £0.5272.
EUR: Down (0.23%), €0.61536.
JPY: Down (0.09%), ¥113.530.
AUD: Down (0.35%), A$1.0150.
Bitcoin: Up (0.68%), C$87,935.7.
(Conversion to C$1)
Commodities
Copper: Up (0.87%), US$6.23428.
Gold: Up (1.46%), US$4,184.07.
WTI: Down (0.07%), US$68.40.
Natural Gas: Up (0.65%), US$3.242.
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