TSX futures gave up ground on Tuesday, tracking U.S. markets amid growing pessimism about the lasting effects of President Trump’s global tariffs.
Market Numbers (Futures)
TSX: Down (0.5%), 26,248.10.
TSXV: Up (1.87%), 707.41.
DOW: Down (0.22%), 42,286.
NASDAQ: Down (0.10%), 21,533.75.
FTSE: Down (0.10%), 8,784.91.
In the Headlines
Prime Minister Mark Carney’s first meeting with his ministers on June 2nd in Saskatoon was followed by the release of the federal government’s framework for fast-tracking strategic infrastructure projects. The government intends to offer two-year approvals for projects ranging from critical minerals to ports, pipelines and nuclear energy.
As countries around the world continue to shift from globalization to protectionism driven by Trump tariffs, the Organisation for Economic Co-operation and Development lowered its growth outlook for the global economy to 2.9 per cent in 2025 and 2026, down from March estimates of 3.1 and 3 per cent, respectively.
Currency Update (Futures)
The Canadian dollar fell to US$0.7277, down from US$0.7280 on Monday, while it gained on the Euro, rising from €0.6373 to €0.6393.
At the time of writing, Bitcoin has given back 0.33% to C$144,719.38.
Commodities (Futures)
Natural Gas: Down (1.44%), US$3.31.
WTI: Up (1.35%), US$63.30.
Gold: Down (0.65%), US$3,375.20.
Copper: Down (1.39%), US$4.76.
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