TSX futures managed a slight gain before Thursday’s market open, balancing higher crude and lower metals prices, following the US seizure of two Venezuelan oil tankers on Wednesday over sanctions violations, as well as US president Trump’s open avowal to control how Venezuela distributes its world-leading oil reserves, potentially reducing the more than C$140 billion in annual Canadian oil exports into the US.
Market numbers
TSX: Down (0.84%), 32,135.49.
TSXV: Up (0.22%), 1,036.18.
DOW: Down (0.36%), 49,063.
NASDAQ: Down (0.28%), 25,767.
FTSE: Down (0.46%), 10,020.76.
In the headlines
In a bid to capitalize on Venezuela sitting top of mind for investors, US ETF issuer Teucrium filed an application with the Securities and Exchange Commission to launch the Teucrium Venezuela Exposure ETF, the first fund focused on investments in the oil-rich nation.
Moving farther east, Mark Carney will visit China next week to discuss the potential for greater trade collaborations between the two nations, including energy, agriculture and security, making him the first Canadian prime minister to step foot in the communist country since 2017. Should deals come to pass, investors may benefit from more enthusiastic sentiment lifting Canadian-listed companies active in China.
Currencies
US: Down (0.03%), US$0.7210.
Euro: Flat (0.00%), €0.6177.
GBP: Up (0.09%), £0.5363.
AUD: Up (0.31%), $1.0765.
JPY: Down (0.02%), ¥113.057.
Bitcoin: Down (1.53%), US$89,884.36.
(Conversion to C$1)
Commodities
Natural Gas: Down (3.87%), US$3.47.
WTI: Up (0.92%), US$56.93.
Gold: Down (0.64%), US$4,427.80.
Copper: Up (0.44%), US$5.90.
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