The TSX opened higher Monday, tracking gains across global markets as easing U.S. inflation fears boosted investor sentiment. However, Canadian inflation showed signs of re-acceleration in September, rising to 2.4% — its fastest pace since spring — tempering hopes for deeper rate cuts from the Bank of Canada.
In corporate news, General Motors (NYSE:GM) shares rose after the company raised its full-year guidance on improved tariff conditions, while Hologic jumped on news it will go private in a deal valued at up to US$18.3 billion backed by Blackstone and TPG.
Market numbers
TSX: Up (1.02%), 30,416.44
TSXV: Up (0.55%), 905.22
DOW: Up (1.12%), 46,706.59
NASDAQ: Up (1.30%), 25,141.02
FTSE: Up (0.59%), 9,434.00
In the headlines
- GM raises outlook as tariff pressures ease – General Motors (NYSE:GM) stock rose sharply after the automaker lifted its full-year guidance, citing improved tariff exposure and a solid third quarter. The company expects sustained growth in North American demand heading into year-end.
- Hologic to go private in $18.3B deal – Hologic (NASDAQ:HOLX) is set to go private under an agreement backed by Blackstone and TPG. The US$18.3 billion deal marks one of the largest healthcare buyouts of the year, underscoring renewed private equity interest in the medical technology sector.
Currencies
USD: Down (0.06%), $0.7142
GBP: Up (0.23%), $0.5332
EUR: Up (0.33%), $0.6136
JPY: Up (0.83%), ¥108.24
Bitcoin: Down (1.75%), US$108,632.80
(Conversion to C$1)
Commodities
Copper: Down (1.26%), 5.0244
Gold: Down (3.43%), 4,207.09
WTI: Up (0.29%), 57.50
Natural Gas: Down (0.12%), 3.39
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