The markets opened up to start the week, despite Trade war uncertainties. Prime Minister Mark Carney is doubling down on European allies and US President Trump pushes ahead with tariffs despite current economic concern.
Market Numbers: (Futures)
TSX : Up (1.45%) 24,553.40
TSXV: Up (1.30%) 621.13
DOW: Up (1.65%) 41,488.19
NASDAQ: Up (2.61%) 17,754.09
FTSE: Up (0.25%) 8,654.00
In the Headlines:
The TSX and the Venture both opened up with the TSX adding over 350 points.
Prime minister Mark Carney is on his first foreign trip as PM and is in Europe visiting France and London to double down on key European partnerships.
Canada’s oldest company, Hudon’s Bay, is seeking approval for liquidation. The company reporting the need for a full liquidation because ‘exhaustive efforts’ have not been enough to keep the empire alive.
Despite the forecast of a lower open, Wall Street opened up, with the Nasdaq adding over 450 points and the Dow up over 670 points after US President Donald Trump reported he will continue to push forward with more tariff hikes. This adding concern as the numbers for Retail sales in the US advancing less than expected in February 2025 – up 0.2 percent, below the 0.6 percent forecast. And fast-fashion clothing company Forever 21 has filed for bankruptcy for the second time.
Currencies Update: (Futures)
Over to currencies, the Canadian dollar edged up against the US dollar, the pound is down a tenth of a percent and bitcoin is up adding C$490 dollars to it’s price.
Commodities: (Futures)
Natural Gas: Down (0.72%), 4.07
WTI: Down (1.13%), 68.05
Gold: Up (0.11%), 2,986.37
Copper: Up (0.15%) 4.87
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