Markets opened mixed this morning as Canadian equities slipped while global benchmarks showed strength. The TSX is modestly lower, while the Venture is down more than 1%. In the U.S., the Dow and Nasdaq are weaker ahead of delayed jobs data, while London’s FTSE is sharply higher, gaining over 1% as traders position for year-end moves and economic updates.
Commodities are under pressure with oil and natural gas posting steep declines, while copper is also lower. Gold trades steady near record highs as investors await labor market signals, and Bitcoin is slightly higher after recent volatility. Headlines today focus on major resource and energy deals, with Ottawa approving Teck’s merger with Anglo American and Newfoundland launching a review of its hydro agreement with Quebec.
Market numbers
TSX: Down (-0.14%), 31,483.44
TSXV: Down (-1.02%), 944.87
DOW: Down (-0.06%), 48,437
NASDAQ: Down (-0.33%), 25,013.00
FTSE: Up (+1.17%), 9,764.51
In the headlines
- Teck-Anglo Merger Approved: Ottawa has approved the Teck Resources (TSX: TECK) deal with Anglo American after commitments for billions in Canadian spending, paving the way for a global mining powerhouse.
- Hydro Pact Under Review: Newfoundland has launched a four-month review of its hydroelectric agreement with Quebec, putting billions of dollars on the line as negotiations intensify.
Currencies
USD: Up (+0.12%), $0.7269
GBP: Down (-0.20%), $0.5415
EUR: Down (-0.05%), $0.6176
JPY: Down (-0.13%), ¥112.588
AUD: Down (-0.03%), $0.91348
Bitcoin: Up (+0.35%), 119,436.7 CAD
(Conversion to C$1)
Commodities
Copper: Down (-0.77%), $5.37523
Gold: Up (+0.26%), $4,316.49
WTI: Down (-1.97%), $55.623
Natural Gas: Down (-3.21%), $3.863
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