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Market Open: Markets Subdued Ahead of BoC Announcement | Wed. April 16

Lyndsay Malchuk Lyndsay Malchuk, The Market Online
0 Comments| April 16, 2025

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Well it’s rate cut day.. or is it? Investor sentiment is mixed causing futures of Canada’s main stock index to sit quiet this morning

Market Numbers (Futures)

TSX : Up (0.01%) 24,070.34
TSXV: Up (0.27%) 630.04
DOW: Down (0.02%) 40,564.00
NASDAQ: Down (1.28%) 18,717.00
FTSE: Down (0.20%) 8,232.56

In the Headlines:

Canada’s headline inflation dipped to 2.3% in March, yet persistent core inflation and rising trade tensions suggest the Bank of Canada will maintain its current rate stance at Wednesday’s decision, according to Desjardins Chief Economist Jimmy Jean

Currencies Update: (Futures)

The Canadian dollar adds on 0.25% to $.7201 U.S., slipping 0.43% to $0.6296 Euro, and Bitcoin 1.89% to $117,060

Commodities: (Futures)

Natural Gas: Down (2.33%), 3.252
WTI: Up (0.87%), 61.866
Gold: Up (2.46%), 3,306.788
Copper: Down (0.50%) 5.740

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