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Market Open: TSX Futures Slip as Traders Brace for U.S. Tariff Call  | Fri, July 25

Consumer, Economy, Finance, Market News, Market Summary
25 July 2025 10:00 (EST)
Market Open

Futures tied to Toronto’s main index slipped on Friday as  investors watch closely, hoping the United States will hold off on imposing steep import levies.

Market Numbers (Futures)

TSX : Down  ( 0.20%) 27,317.51
TSXV: Down (0.19%%) 802.93
DOW:  Up (0.08%) 44,934.00
NASDAQ: Down (0.05%) 23,366.25
FTSE: Down (0.36%) 9,105.15

In the Headlines:

Three contractors working for Hy‑Tech Drilling were successfully rescued late Thursday after being trapped for more than 60 hours underground at Newmont Corp.’s Red Chris gold and copper mine in northern British Columbia. The Denver‑based operator said the rescue operation involved drones to assess subsurface conditions and a remote‑controlled scoop to clear a rockfall estimated at 20–30 meters long and nearly eight meters high.

Once access was restored, emergency teams reached the MineARC refuge chamber where the workers had consistent access to food, water, and air, and brought them to safety. Newmont described the operation as “carefully planned and meticulously executed” and noted that all three men, Kevin Coumbs, Darien Maduke, and Jesse Chubaty, were in good health and spirits. The mine’s production remains suspended pending a thorough review and independent investigation into the incident.

Currencies Update: (Futures)

The Canadian dollar sinks over 0.30% to $0.7287 U.S., with the euro also edging down 0.05% to $0.6233, while Bitcoin takes a beating, dropping more than $3,310.66 or 2.04% to C$158,797.10 in a sharp crypto slide.

Commodities: (Futures)

Natural Gas: Up (1.78%), 3.14
WTI:  Up (0.60%), 66.43
Gold: Down (0.81%), 3,340.92
Copper:  Up (0.28%) 6.08

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