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Market Open: Futures Lower ahead of Fed Reserve Decision | Tues. May 6

Lyndsay Malchuk Lyndsay Malchuk, The Market Online
0 Comments| May 6, 2025

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(Source: Adobe Stock. Generated by AI)

Futures tied to Canada’s main stock index edged lower on Tuesday as investors awaited the Federal Reserve’s monetary policy decision.

Market Numbers (Futures)

TSX :Down (0.10%) 24,928.57
TSXV: Down (0.05%) 656.04
DOW: Down (0.63%) 41,058.00
NASDAQ: Down(1.03%) 19,848.50
FTSE: Down (0.13%) 8,585.36

In the Headlines:

Calgary-based fuel and gas station company Parkland has agreed to a takeover by American fuel company Sunoco. As part of the US$9.1 billion-dollar deal, Sunoco plans to form a new publicly traded company called Suncorp.

And WestJet has halts 9 U.S. summer routes, including a new route that was originally slated to start next week as Canadians are choosing to fly elsewhere.

Currencies Update: (Futures)

The Canadian dollar is up 012% to $0.7251, down 0.02% against the Euro at $0.6390, and Bitcoin deletes 0.38% to $129,430.50

Commodities: (Futures)

Natural Gas: Down (0.12%), 3.55
WTI: Up (2.28%), 58.43
Gold: Up (1.20%), 3,374.41
Copper: Up (0.99%) 5.92

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The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here



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