The TSX pushed into the black on Monday propelled by positive sentiment across global equities following Sunday’s trade deal between the European Union and the United States. The deal will see EU products hit with a 15 per cent tariff, half what US President Trump initially set out to impose, and require the union to invest approximately US$600 billion in the US.
This content has been prepared as part of a partnership with Tesla Inc., Brookfield Asset Management Ltd., Birch Hill Equity Partners Management and First National Financial, and is intended for informational purposes only.
Market Numbers
TSX: Up (0.2%), 27,549.33.
TSXV: Down (0.22%), 801.13 (from July 25).
DOW: Up (0.06%), 45,109.
NASDAQ: Up (0.25%), 23,506.
FTSE: Down (0.09%), 9,105.68.
In the Headlines
Tesla‘s chief executive officer, Elon Musk, announced that Samsung will build the company’s upcoming AI6 chips in a US$16.5 billion deal which, according to Musk’s X account, could grow to “several times higher” than that amount. Samsung currently makes Tesla’s AI4 chips, which power its Full Self-Driving assistant system.
In other major deal news, Brookfield Asset Management and Birch Hill Equity Partners Management are acquiring a 62-per-cent stake in First National Financial for US$2.9 billion. First National focuses primarily on issuing prime mortgages and stands as one of Canada’s Big Six banks’ top rivals in the space.
Currencies
US: Down (0.13%), US$0.73.
Euro: Up (0.74%), €0.625.
GBP: Down (0.08%), £0.543.
AUD: Up (0.5%), $1.116.
JPY: Up (0.05%), ¥107.93.
Bitcoin: Down (0.38%), US$118,986.40.
(Conversion to C$1)
Commodities
Natural Gas: Down (0.58%), US$3.08.
WTI: Up (1.97%), US$66.34.
Gold: Down (0.01%), US$3,336.90.
Copper: Down (0.74%), US$9,787.90.
To stay up-to-date on all of your market news head to Stockhouse.com.
Join the discussion: Find out what everybody’s saying about today’s market open on Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.