TSX futures fell by 1 per cent before Friday’s market open reacting to US President Trump’s tariff increases on dozens of countries across the world, This includes Canada, whose import levy will rise from 25 to 35 per cent, with the White House citing its neighbor’s failure to prevent fentanyl from being smuggled across the border. The Canadian tariff excludes products in compliance with the US-Mexico-Canada trade agreement.
This content has been prepared as part of a partnership with Telus Corp. and Magna International Inc., and is intended for informational purposes only.
Market Numbers (Futures)
TSX: Down (1%), 26,997.3.
TSXV: Up (0.1%), 770.88 (from July 31).
DOW: Down (0.83%), 43,906.
NASDAQ: Down (0.89%), 23,121.25.
FTSE: Down (0.33%), 9,088.31.
In the Headlines
Telus (TSX:T) reported financial results for Q2 2025 featuring higher revenue and an 11 per cent increase in free cash flow year-over-year thanks to the addition of almost 200,000 new customers.
Also reporting Q2 earnings, auto parts supplier Magna International (TSX:MG) managed to deliver a 24 per cent increase in earnings per share and comparable sales of US$10.6 billion year-over-year, despite uncertainty about how US tariffs will affect economic growth. The company is guiding for higher revenue and adjusted net income in 2025.
Currencies
US: Down (0.12%), US$0.72.
Euro: Up (0.03%), €0.632.
GBP: Up (0.25%), £0.548.
AUD: Down (0.03%), $1.122.
JPY: Down (0.27%), ¥108.48.
Bitcoin: Down (0.35%), US$115,394.10.
(Conversion to C$1)
Commodities
Natural Gas: Down (0.32%), US$3.09.
WTI: Down (0.42%), US$69.09.
Gold: Up (0.26%), US$3,298.90.
Copper: Down (0.65%), US$4.37.
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