Canadian stock futures are pointing upward this morning as optimism grows for potential interest rate cuts on both sides of the border. High gold prices in the mining sector are also providing strong support.
Markets Numbers:
TSX : Up (0.82%) 24,789.30
TSXV: Up (0.71%) 607.82
DOW: Up (1.65%) 43,221.55
NASDAQ: Up (2.45%) 19,511.23
FTSE: Up(0.57%) 8,348.34
In the Headlines:
Canada is weighing countermeasures of up to C$150 billion in U.S. imports if tariffs are imposed by President-elect Donald Trump on Canadian goods and services.
And U.S. health officials have announced a ban on Red No. 3, a synthetic dye linked to cancer. The dye will be prohibited in food by January 15, 2027, with pharmaceutical companies given until January 18, 2028, to reformulate products.
Currencies Update
The Canadian dollar continues to struggle, dropping 6.14% to $0.6953 USD, down 0.65% to $0.677 against the Euro. Meanwhile, Bitcoin remains on an upward trajectory, adding $4,121.89 climbing to $142,671.36.
Commodities
- Natural Gas: Down (1.55%), 4.14
- WTI: Down (0.51%), 79.70
- Gold: Up (37%), 2,706.42
- Copper Down (0.73%) 5.940
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