TSX futures slipped after Monday’s market open, falling back from Friday’s all-time-high, starting the week off on a pessimistic note as investors weigh a potential interest rate cut from the Bank of Canada in September.
This content has been prepared as part of a partnership with Strathcona Resources, MEG Energy, Cenovus Energy, EchoStar and MDA Space, and is intended for informational purposes only.
Market numbers
TSX: Down (0.15%), 29,008.93
TSXV: Up (0.94%), 865.35.
DOW: Up (0.06%), 45,493.
NASDAQ: Up (0.83%), 23,868.50.
FTSE: Down (0.12%), 9,223.50.
In the headlines
Strathcona Resources (TSX:SCR) raised its offer for MEG Energy, outbidding rival Cenovus Energy (TSX:CVE) to revitalize Canadian oil sands production. Strathcona’s revised bid values MEG at C$30.86 per share, an 11 per cent premium over the Cenovus-backed deal.
Shares of MDA Space (TSX:MDA) fell by more than 20 per cent after losing out on a $1.8-billion satellite contract with EchoStar Corp., which plans to sell the spectrum licenses associated with the contract to SpaceX for $17 billion.
Currencies
US: Up (0.06%), US$0.7231.
Euro: Down (0.18%), €0.6158.
GBP: Down (0.19%), £0.5338.
AUD: Down (0.36%), $1.098.
JPY: Up (0.18%), ¥106.80.
Bitcoin: Up (1.36%), US$112,640.88.
(Conversion to C$1)
Commodities
Natural Gas: Down (0.03%), US$3.113.
WTI: Up (0.85%), US$62.914.
Gold: Up (1.38%), US$3,635.70.
Copper: Up (0.47%), US$4.568.
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*All figures as of 11:36 am ET.
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