Crude and gold prices are on the rise kicking up futures of Canadas stock index this morning, and investors are taking inventory on President Donald Trumps latest tariff threats.
Market Numbers:
TSX : Up (0.44%) 25,281.63
TSXV: Down (0.39%) 618.73
DOW: Up (1.24%) 44,025.81
NASDAQ: Up (0.64%) 19,756.78
FTSE: Up(0.15%) 8,560.80
In the Headlines
Canada’s inflation rate eased slightly to 1.8% in December, down from 1.9% in November, according to Statistics Canada. However, analysts suggest the Bank of Canada will likely focus on underlying price pressures rather than the headline figure as it evaluates risks ahead of its next interest rate decision
And More than 85% of Costco’s 18,000 unionized workers have voted to authorize a nationwide strike over “fair wages and benefits,” according to Teamsters, the union that represents these employees. Unless a new deal is reached, the strike will take effect on Jan. 31, when the current contract expires. In preparation for the deadline, last week the Teamsters held practice pickets across the country. Costco’s CEO said the company is focused on a “fair and timely process.”
Currencies Update
The Canadian dollar fell to its weakest in nearly five years, falling as much as 1.4% in Asia trading. This morning it lost $0.04, sitting at $0.695 U.S. Struggling against the Eurodropping2.11% to $0.6671, and Bitcoin glows red deleting $610.91 to C$149,241.98
Commodities
Natural Gas: Down (0.61%), 3.78
WTI: Up (0.16%), 75.95
Gold: Up (0.42%), 2,756.41
Copper Up (0.26%) 4.1219
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