Futures for Canada’s benchmark stock index edged higher as investors weighed the implications of the U.S. President’s proposed tariffs and positioned themselves ahead of a series of key economic data releases.
Market Numbers: (Futures)
TSX : Up (0.37 %) 25,487.40
TSXV: Down (0.20%) 614.64
DOW: UP (0.40%) 43,471.00
NASDAQ: Up (0.07%) 20,619.75
FTSE: Up (0.94%) 8,892.12
In the Headlines
The federal government announced It’s set to increase minimum wage to $17.75 per hour, a 2.4 per cent rise from the current federal amount.
As the clock ticked towards the deadline for U.S. President Donald Trump’s tariffs on Canada, Mexico and China, U.S. Commerce Secretary Howard Lutnick confirmed the tariffs on Canada and Mexico were slated to take effect on Tuesday. However the actual %, still remains uncertain.
Currencies Update: (Futures)
The Canadian dollar is up 0.38% to $.6959 US. , falls 0.54% to $0.6590 against the Euro.
Bitcoin up 8.95% to $134,572.44
Commodities: (Future)
Natural Gas: Up (2.04%), 3.90
WTI: Up (0.53%), 70.13
Gold: Up (0.50%), 2,872.95
Copper: Down (0.68%) 6.13