The TSX opened lower Wednesday, following a pullback across North American equities after Fed Chair Jerome Powell said stocks appear “fairly highly valued.” Crypto is also in the spotlight, with Dogecoin’s long-awaited ETF failing to attract traction.
Market numbers
TSX: Down (0.48%), 29,815.63
TSXV: Down (1.03%), 912.85
DOW: Up (0.31%), 46,438.39
NASDAQ: Down (0.73%), 24,580.17
FTSE: Down (0.02%), 9,270.50
In the headlines
Powell sparks pullback – The S&P 500 retreated from record levels after Jerome Powell warned valuations look “fairly high.” The remarks tempered market sentiment, sending the Nasdaq down 0.7% and cooling momentum from last week’s highs.
Dogecoin ETF underwhelms – Hopes for a crypto boost fell flat as the first Dogecoin ETF drew only US$8 million in inflows. DOGE slipped on the news, underscoring weak investor appetite for meme-coin products despite broader crypto gains earlier this year.
Hudbay halts Peru mine – Hudbay Minerals Inc (TSX:HBM) temporarily shut down operations at its Constancia mine in Peru due to unrest. The company said full-year guidance remains unaffected, but the stoppage highlights ongoing risks for Canadian miners operating in Latin America.
Currencies
USD: Down (0.35%), $0.7199
GBP: Up (0.26%), $0.5355
EUR: Up (0.33%), $0.6135
JPY: Up (0.42%), ¥107.14
Bitcoin: Down (0.68%), 113,087.97
(Conversion to C$1)
Commodities
Copper: Up (1.66%), 4.7349
Gold: Flat (+0.16%), 3,764.69
WTI: Up (1.15%), 64.73
Natural Gas: Up (0.85%), 3.142
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 Dogecoin and Hudbay Minerals for September 24, 2025, 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.