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Market Open: TSX trends higher mulling rates and earnings | Wed. July 30

Economy, Market News, Market Summary
30 July 2025 10:00 (EST)

Man with telescope and percentage symbol. (Source: Adobe Stock)

TSX futures moved into positive territory before the opening bell on Wednesday in anticipation of the Bank of Canada’s interest rate decision. Consensus stands on a hold, given heightened uncertainty surrounding US trade and the potential fallout from higher-than-historical tariffs as deals with global partners become official.

This content has been prepared as part of a partnership with Tamarack Valley Energy Ltd. and CGI Inc., and is intended for informational purposes only.

Market Numbers (Futures)

TSX: Up (0.2%), 27,594.95.

TSXV: Down (1.5%), 777.58 (from July 29).

DOW: Up (0.14%), 44,836.

NASDAQ: Up (0.29%), 23,520.

FTSE: Down (0.31%), 9,101.11.

In the Headlines

Tamarack Valley Energy (TSX:TVE) reported financial results for Q2 2025, featuring record production averaging 70,260 barrels of oil equivalent per day (boe/d), generating C$86.2 million in net income. The company increased production guidance by 3 per cent to 67,000 -69,000 boe/d for 2025 thanks to improving costs and capital efficiencies.

Another notable earnings report came from CGI (TSX:GIB.A), the global IT and consulting firm, which posted fiscal Q3 2025 revenue of C$4.09 billion, up by 11 per cent year-over-year, and adjusted net earnings of C$470.1 million, up by 9.9 per cent year-over-year, driven by the company’s end-to-end capabilities and growing role in fortifying clients with AI across industries.

Currencies

US: Down (0.17%), US$0.72.

Euro: Up (0.17%), €0.630.

GBP: Down (0.17%), £0.543.

AUD: Up (0.32%), $1.118.

JPY:  Down (0.18%), ¥107.57.

Bitcoin: Down (0.15%), US$117,758.10.

(Conversion to C$1)

Commodities

Natural Gas: Up (0.20%), US$3.08.

WTI: Up (0.03%), US$69.28.

Gold: Up (0.04%), US$3,328.30.

Copper: Up (0.06%), US$5.60.

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