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

TSX futures were up marginally before Monday’s market open, reflecting uncertainty about Canadian inflation data to be released later today, with most economists expecting a dip from 2.4 per cent in September to 2.1 per cent in October, approaching the Bank of Canada’s preferred 2 per cent rate.

[Note: Official October inflation reading came in at 2.2 per cent]

Market numbers

TSX: Up (0.24%), 30,326.46.

TSXV: Down (1.09%), 879.88.

DOW: Down (0.11%), 47,211.

NASDAQ: Down (0.01%), 25,139.

FTSE: Down (1.14%), 9,691.50.

In the headlines

As government officials grapple to paint a clear picture of economic trends, companies on the ground are carrying on in pursuit of value creation, including Warren Buffett’s Berkshire Hathaway (NYSE:BRK.B), which recently disclosed an investment in Alphabet currently valued at just under US$5 billion, increasing the conglomerate’s exposure to the ongoing AI boom.

In other big tech news, Amazon (NASDAQ:AMZN) founder Jeff Bezos will reportedly serve as co-CEO of Project Prometheus, a new AI startup focused on computers, autos and spacecraft, having raised C$8.7 billion in funding to date and hired a growing team of researchers formerly associated with OpenAI, DeepMind and Meta.

Currencies

US: Flat (0%), US$0.7126.

Euro: Up (0.16%), €0.6144.

GBP: Down (0.13%), £0.5401.

AUD: Up (0.16%), $1.0927.

JPY: Up (0.19%), ¥110.362.

Bitcoin: Up (1.29%), US$95,404.85.

(Conversion to C$1)

Commodities

Natural Gas: Down (0.09%), US$4.46.

WTI: Up (0.31%), US$60.09.

Gold: Down (0.09%), US$4,081.09.

Copper: Down (0.21%), US$5.099.

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