Canada’s main stock index slipped in early trading Wednesday, easing off Tuesday’s record high as investors hit pause ahead of fresh trade headlines and earnings from chip heavyweight Nvidia, set to report after the bell.
Market Numbers (Futures)
TSX :Down ( 0.40%) 26,163.91
TSXV: Up (0.74%) 700.91
DOW: Down (0.04%) 42,393.00
NASDAQ: Up (0.15%) 21,492.00
FTSE: Down (0.13%) 8,767.00
In the Headlines:
Canada is set to issue a record $628 billion in government debt this year, surpassing pandemic levels. The delay in the federal budget has investors uneasy about transparency and market impact.
And, Canada’s new Housing Minister Gregor Robertson says home prices don’t need to fall to improve affordability. But experts warn that without a market correction, the dream of home ownership will stay out of reach for most Canadians.
Currencies Update: (Futures)
The Canadian dollar edged back 0.12% holding at $0.7222 US, sitting in the red to the Euro by 0.03% to $0.639, and Bitcoin erases 0.66% to $150,565.09
Commodities: (Futures)
Natural Gas: Up (11.05%), 3.78
WTI: Up (1.08%), 61.55
Gold: Up (0.28%), 3,308.97
Copper: Up (0.91%) 6.07
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