TSX futures found their way higher in early Tuesday trading thanks to gains in oil and gold prices, as well as the potential for positive momentum should ongoing trade discussions between the US and China, entering their second day, result in a tenable deal. The US plans to impose reciprocal tariffs on its trade partners on August 1st. A deal with Canada has yet to be reached.
This content has been prepared as part of a partnership with Union Pacific Corp., Norfolk Southern Corp. and Air Canada, and is intended for informational purposes only.
Market Numbers (Futures)
TSX: Up (0.5%), 27,542.4471.
TSXV: Down (1.46%), 789.43 (from July 28).
DOW: Up (0.19%), 45,093.
NASDAQ: Up (0.33%), 23,586.25.
FTSE: Up (0.80%), 9,132.26.
In the Headlines
Freight rail powerhouse Union Pacific (NYSE:UNP), the largest US railroad operator, intends to purchase Norfolk Southern (NYSE:NSC), a smaller competitor, for US$85 billion. The transaction would create the US’s first coast-to-coast freight rail operator and would represent the largest buyout in industry history.
In other transportation news, Air Canada (TSX:AC) posted profits of C$0.60 per share in Q2 2025, down from C$0.98 year-over-year, weighed down by falling traffic in the US market, with many travelers choosing to avoid the country because of ongoing tariff-based tensions.
Currencies
US: Down (0.28%), US$0.73.
Euro: Up (0.21%), €0.629.
GBP: Down (0.11%), £0.544.
AUD: Up (0.08%), $1.117.
JPY: Down (0.12%), ¥107.97.
Bitcoin: Up (0.59%), US$118,704.70.
(Conversion to C$1)
Commodities
Natural Gas: Up (0.92%), US$3.06.
WTI: Down (0.21%), US$66.84.
Gold: Up (0.06%), US$3,316.58.
Copper: Up (0.01%), US$5.59.
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