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Market Open: TSX futures dip on dim GDP estimates | Friday Aug. 29

Economy, Finance, Market News, Market Summary
29 August 2025 10:00 (EST)

Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

TSX futures took a dip before Friday’s market open, reflecting trepidation at Canadian GDP data for Q2 expected later today, with analyst consensus coming in at zero per cent growth, as a definitive trade deal with the U.S. continues to be hammered out.

This content has been prepared as part of a partnership with Strathcona Resources, MEG Energy, Cenovus Energy and Laurentian Bank, and is intended for informational purposes only.

Market numbers

TSX: Up (0.01%), 28,434.80.

TSXV: Up (0.51%), 817.38 (from August 28).

DOW: Down (0.23%), 45,558.

NASDAQ: Down (0.51%), 23,639.50.

FTSE: Down (0.36%), 9,246.50.

In the headlines

Strathcona Resources (TSX:STR) intends to increase its stake in MEG Energy (TSX:MEG) from 9.2 per cent to 14.2 per cent and vote against MEG’s pending C$7.9-billion takeover by Cenovus (TSX:CVE). The news follows Strathcona’s rejected C$6 billion deal in June.

In small-cap news, Laurentian Bank (TSX:LB) reported Q3 2025 financial results marked by higher net income year-over-year thanks to strength in commercial banking, growth of average earning assets and a lower provision for loan losses.

Currencies

US: Down (0.01%), US$0.7267.

Euro: Up (0.21%), €0.6236.

GBP: Up (0.43%), £0.5402.

AUD: Up (0.07%), $1.113.

JPY: Up (0.22%), ¥107.98.

Bitcoin: Down (2.02%), US$110,296.48.

(Conversion to C$1)

Commodities

Natural Gas: Down (0.27%), US$2.97.

WTI: Up (0.06%), US$64.984.

Gold: Down (0.25%), US$3,408.21.

Copper: Up (0.83%), US$4.581.

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