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Market Open: Markets Strengthen Following Powell Reassurance and Possible US-China Reprieve | Wed  April 23

Lyndsay Malchuk Lyndsay Malchuk, The Market Online
0 Comments| April 23, 2025

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Canadian equity futures rose Wednesday after Donald Trump said he has no plans to remove Fed Chair Jerome Powell and hinted at movement on a U.S.-China trade deal.

Market Numbers (Futures)

TSX : Up (1.00%) 24,621.96
TSXV: Down (0.019%) 630.80
DOW: Up (1.67%) 40,016.00
NASDAQ: Up (2.65%) 18,866.00
FTSE: Up (1.14%) 8,423.41

In the Headlines:

Barrick Gold Corp. is looking to sell its last mine in Canada in a push to capitalize on record gold prices and a renewed interest in North American mining operations.

And Elon Musk announced plans to scale back his U.S. government involvement to concentrate on Tesla, following the company’s weakest quarter in years.

Currencies Update: (Futures)

The Canadian dollar is mostly on the up today. Down 0.11% to $0.7220 US, climbing 0.02% to $0.6338 against the Euro, and Bitcoin blows up 1.89% to $122,692.16

Commodities: (Futures)

Natural Gas: Up (3.52%), 3.12
WTI: Down (1.37%), 62.80
Gold: Down (1.57%), 3,3,327.84
Copper: Up (1.24%) 5.85

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