Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

The TSX opened lower Tuesday, weighed down by declines in energy and materials despite a surge in tech stocks south of the border. Investors are treading cautiously ahead of key comments from Washington as global markets await the outcome of President Trump’s visit with world leaders.

On the corporate front, Cygnet Energy announced plans to acquire Kiwetinohk Energy in a $1 billion deal, expanding its footprint in Western Canada’s oil and gas sector. Meanwhile, Cameco and Brookfield signed a partnership agreement with the U.S. government to help build nuclear reactors, bolstering clean energy collaboration between the two countries.

Market numbers

TSX: Down (0.25%), 30,275.76

TSXV: Down (0.17%), 899.42

DOW: Up (0.71%), 47,544.60

NASDAQ: Up (1.83%), 25,821.55

FTSE: Up (0.08%), 9,664.00

In the headlines

  • Cygnet Energy acquires Kiwetinohk for $1B – Calgary-based Cygnet Energy will acquire Kiwetinohk Energy (TSX:KEC) in a $1 billion deal aimed at expanding its natural gas and renewable assets portfolio across Alberta. The all-cash transaction marks one of the year’s largest domestic energy mergers.
  • Cameco and Brookfield sign U.S. reactor dealCameco (TSX:CCO; NYSE:CCJ) and Brookfield Renewable (TSX/NYSE:BAM) announced a new agreement with the U.S. government to help build small modular reactors. The deal strengthens cross-border nuclear cooperation and underscores growing momentum in the clean energy sector.

Currencies

USD: Down (0.08%), $0.7138

GBP: Up (0.37%), $0.5375

EUR: Up (0.05%), $0.6139

JPY: Down (0.46%), ¥108.77

Bitcoin: Up (0.65%), US$114,823.19

(Conversion to C$1)

Commodities

Copper: Down (0.53%), 5.1774

Gold: Down (1.43%), 3,925.68

WTI: Down (1.57%), 60.88

Natural Gas: Down (1.92%), 3.88

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