TSX futures slid before Friday’s market open, widening Thursday’s losses, driven by comments from officials at the US Federal Reserve signaling reluctance towards a December rate cut, a stance compounded by gaps in economic data following the longest government shutdown in US history.
Market numbers
TSX: Down (1.86%), 30,253.64.
TSXV: Down (3.20%), 889.54.
DOW: Down (0.73%), 47,239.
NASDAQ: Down (1.60%), 24,685.
FTSE: Down (1.04%), 9,803.
In the headlines
Friday sentiment is off to a pessimistic start, despite Canadian Prime Minister Mark Carney recommending a second round of projects for fast-tracked development on Thursday because of their importance to national security.
Among the six projects, collectively representing C$56 billion in new investment, three are publicly traded, including the Sisson tungsten and molybdenum mine in New Brunswick owned by Northcliff Resources (TSX:NCF), the Matawinie mine in Quebec owned by Nouveau Monde Graphite (TSX:NOU) and the Crawford nickel project in Ontario owned by Canada Nickel Company (TSXV:CNC).
The announcement is backed by new legislation passed in the summer allowing the cabinet to federally approve industrial projects deemed key to Canadian interests.
Currencies
US: Up (0.03%), US$0.7123.
Euro: Up (0.03%), €0.6124.
GBP: Up (0.26%), £0.5411.
AUD: Up (0.27%), $1.0937.
JPY: Down (0.27%), ¥109.792.
Bitcoin: Down (4.59%), US$95,116.65.
(Conversion to C$1)
Commodities
Natural Gas: Down (2.06%), US$4.518.
WTI: Up (1.51%), US$59.576.
Gold: Down (1.35%), US$4,115.16.
Copper: Down (0.04%), US$5.113.
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