After some Fed officials seemed lukewarm to the idea of an interest rate cut next month, investors are eager to hear Powell’s remarks later in the day, holding Baystreet buzz quiet this morning.
Market Numbers (Futures)
TSX : Up ( 0.09%) 28,080.68
TSXV: Flat (0.00%) 786.33
DOW: Up (0.32%) 44,997.00
NASDAQ: Up (0.16%) 23,257.75
FTSE: Down (0.07%) 9,316.05
In the Headlines:
Cenovus drops a C$7.9 billion bomb (incl. debt) to snap up MEG Energy in a cash-and-stock deal—supercharging its oil-sands presence with combined output north of 720,000 barrels/day.
And, Target is betting on stability, elevating veteran Michael Fiddelke to CEO to steer the retailer through its slump and spark a turnaround. The real question is, does that same question hold true with investors?
Currencies Update: (Futures)
The Canadian dollar takes a hit, sliding 0.04% to $0.7184 U.S, eases off by 0.06% against the euro to $0.6189 , while Bitcoin gets knocked back nearly 1%, shedding about $1,280 to CDN$157,155.83.
Commodities: (Futures)
Natural Gas: Up (1.20%), 2.86
WTI: Up (0.22%), 63.66
Gold: Down (0.40%), 3,325.45
Copper: Down (0.12%) 6.06
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