TSX futures climbed before Tuesday’s market open, lifted by higher gold and oil prices, as well as solid prospects for the index completing its eighth straight quarter in the black, which would mark its longest winning streak since 1996.
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US index futures also rose on the last day of what is shaping up to be the S&P 500’s best quarter in six years, propelled by a hefty US 10-year Treasury yield keeping mortgages, loans and corporate debt high, adding fuel to the case for interest rate cuts on the horizon. June non-farm payroll data, to be released on Thursday, will offer the Federal Reserve its latest signal about economic health.
Market numbers
TSX: Down (0.45%), 34,823.82.
TSXV: Down (0.53%), 891.09.
DOW: Up (0.20%), 52,261.2.
NASDAQ: Up (0.46%), 29,873.7.
FTSE: Up (0.86%), 10,603.98.
In the headlines
BC copper explorer, NovaRed Mining (CSE:NRED), has appointed Dr. Olamide Oladeji as a strategic advisor. The AI and robotics expert, a graduate of Stanford and MIT, has founded and led several technology companies that influenced decision-making for governments, as well as top corporations, financial institutions and infrastructure operators. The move follows a recent string of strategic hires to the same role, including strategist Katie Zacharia and former US Secretary of Homeland Security Kristi Noem, both considered allies of US President Trump.
Transportation and tolling technology company, Quarterhill (TSX:QTRH), has acquired Conduent, a tolling solutions business, for $70 million in cash plus 7 per cent of outstanding shares. The deal pushes Quarterhill’s backlog passed the $2 billion mark, putting it on track for a $400 million annual revenue run rate at about a 10-15 per cent adjusted EBITDA margin.
Currencies
USD: Down (0.18%), US$0.7021.
GBP: Up (0.06%), £0.5308.
EUR: Up (0.08%), €0.61648.
JPY: Up (0.12%), ¥114.089.
AUD: Down (0.18%), A$1.0193.
Bitcoin: Down (1.51%), C$84,250.
(Conversion to C$1)
Commodities
Copper: Up (1.43%), US$6.26286.
Gold: Up (0.38%), US$4,031.84.
WTI: Up (1.18%), US$70.45.
Natural Gas: Up (2.46%), US$3.243.
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