With U.S. jobs data flashing weakness and Trump rattling the Fed’s leadership, traders are upping their rate-cut bets, dragging Canada’s main stock index lower this morning.
Market Numbers (Futures)
TSX : Down ( 0.09%) 27,853.669
TSXV: Down (0.80%) 767.61
DOW: Up (0.01%) 45,005.00
NASDAQ: Down (0.19%) 23,423.75
FTSE: Down (0.27%) 9,263.32
In the Headlines:
Ottawa’s steel tariff fight with China is heading to the WTO stage—raising the stakes for global trade flows and investors watching the metals market.
And, Toronto’s own Eric Nuttall of Ninepoint Partners warns today’s oil softness is just noise, but the seeds are already in the ground for a monster crude bull run by 2026.
Currencies Update: (Futures)
The Canadian dollar is under pressure this morning, down 0.11% sitting at U.S.$0.7199 and softer against the pound at $0.5350, while the yen is up 0.24% at ¥106.4700. Bitcoin isn’t bucking the trend either this morning, sliding 0.61% to CDN$157,155.83.
Commodities: (Futures)
Natural Gas: Up (1.50%), 2.79
WTI: Up (0.76%), 63.18
Gold: Down (0.19%), 3,340.90
Copper: Up (0.12%) 6.05
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