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Market Open: TSX futures steady as US tariffs looms |  Fri, Jan 31, 2025

Day Trading, Economy, Finance, Market News, Market Summary
31 January 2025 10:00 (EST)
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Well we are less than 24 hours away from the looming tariffs deadline causing investors to tread lightly this morning and futures of Canada’s main stock index to tip up slightly.  

Market Numbers:

TSX : Up (01.31%) 25,808.25
TSXV: Up (0.68%) 613.59
DOW:  Up (0.32%)  44,215.00
NASDAQ: Down (0.93%) 21,810.25
FTSE: Up (0.57%) 8,662.00

In the Headlines

On the economic front, Canada’s November gross domestic product reading is scheduled for release before the market opens, with analysts predicting a 0.1% contraction.

And in the United States, the personal consumption expenditures price index for December, a key indicator for inflation trends, is set to be released at 8:30 a.m. ET

Currencies Update

Canadian dollar continues to feel the pressure sliding $0.0539 or 7.19% to $0.6908 U.S , deleting $0.0227 or 3.30% against the Euro to $0.6649 and Bitcoin picks up over $5,452.09. (3.70%) $152,888.92

Commodities

Natural Gas: Down (0.98%), 3.02
WTI:  Up (0.23%), 76.53
Gold: Up (0.40%), 2,802.48
Copper Down (0.02%) 5.8754

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