TSX futures shifted slightly higher before Monday’s market open, pushing ahead after three straight days of losses from the index, with investors subdued at the tentative prospects of the US and Iran reaching lasting peace, as well as Statistics Canada’s expectations of rising month-over-month inflation in May.
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.
US futures, for their part, were relatively flat to start off the week, with talk of progress between the US and Iran during ongoing mediations in Switzerland falling on deaf ears with investors, as continued aggressions in Lebanon and the Strait of Hormuz threaten the reality of a ceasefire.
Market numbers
TSX: Down (0.32%), 34,857.34.
TSXV: Down (0.85%), 954.71.
DOW: Up (0.27%), 51,618.1.
NASDAQ: Up (0.75%), 30,427.4.
FTSE: Up (0.51%), 10,406.43.
In the headlines
- BlackRock (NYSE:BLK), the world’s largest asset manager at more than US$14 trillion under management, will make the lead order in a new C$35 million private placement undertaken by Gladiator Metals (TSXV:GLAD), market cap C$349 million, whose flagship Whitehorse copper project in the Yukon boasts world-class discovery potential, with an inferred resource estimate expected in 2026.
- Inomin Mines (TSXV:MINE), a highly prospective critical minerals explorer and developer in British Columbia, has been selected as part of the largest trade mission to Japan in Canadian history, joining more than 150 companies across key sectors for presentations taking place in Tokyo between June 23-26. The company’s large land package hosts widespread nickel-magnesium mineralization complemented by the presence of cobalt and platinum group metals.
Currencies
USD: Down (0.14%), $0.7051.
GBP: Down (0.19%), £0.5324.
EUR: Down (0.02%), €0.61605.
JPY: Up (0.12%), ¥114.110.
AUD: Up (0.03%), $1.0073.
Bitcoin (BTC/CAD): Up (2.01%), $91,520.7.
(Conversion to C$1)
Commodities
Copper: Up (0.49%), $6.42384.
Gold: Up (1.18%), $4,204.64.
WTI: Up (0.92%), $76.75.
Natural Gas: Up (0.36%), $3.335.
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