TSX futures bounced back on Wednesday morning, though only tentatively, mulling tensions in the Middle East while holding out hope for a U.S.-Canada trade deal within 30 days, a consensus hold on interest rates from the U.S. federal reserve expected later today, and their potentially positive effects on global markets.
Market Numbers (Futures)
TSX: Up (0.3%) 26,621.01.
TSXV: Down (0.35%), 722.84.
DOW: Up (0.01%), 42,233.
NASDAQ: Up (0.19%), 21,764.50.
FTSE: Down (0.02%), 8,837.41.
In the Headlines
Leaders at the G7 ended the meeting reaching consensus on the need for strengthening critical metals supply chains to reduce reliance on China, as well as fostering the development of artificial intelligence and quantum computing to keep their countries on technology’s leading edge. U.S. tariffs were notably absent from the discussions, largely driven by U.S. president Trump’s abrupt exit to return to the White House to better address the ongoing Iran-Israel conflict.
In energy news, infrastructure player Keyera (TSX:KEY) will acquire Plains All American‘s natural gas liquids business for C$5.15 billion in cash, including pipelines, extraction technology, as well as rail and truck terminals in Ontario, Alberta, Manitoba and Saskatchewan. The deal would create a Canada-wide infrastructure business and is expected to close in Q1 2026.
Currency Update (Futures)
US: Up (0.16%), US$0.7321.
Euro: Down (0.09%), €0.6360.
GBP: Down (0.02%), £0.5441.
JPY: Down (0.12%), ¥106.04.
Bitcoin: Down (0.08%), C$143,078.05.
(Conversion to C$1)
Commodities (Futures)
Natural Gas: Up (0.83%), US$3.90.
WTI: Down (1.76%), US$73.51.
Gold: Down (0.14%), US$3,384.02.
Copper: Up (0.20%), US$4.8411.
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