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Market Open: TSX Lifted On Preliminary Tariff Agreement| Thurs. May 8

Lyndsay Malchuk Lyndsay Malchuk, The Market Online
0 Comments| 12 days ago

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Futures tracking Canada’s main stock index moved higher Thursday, lifted by a global market rally after U.S. President Donald Trump announced plans for a preliminary trade agreement in his ongoing tariff dispute.

Market Numbers (Futures)

TSX :Down (0.10%) 25,286.99
TSXV: Up (0.26%) 667.26
DOW: Up (0.72%) 41,510.00
NASDAQ: Up (1.20%) 20,201.75
FTSE: Up (0.22%) 8,578.11

In the Headlines:

A new report says Canada should push for a fresh auto trade deal with the U.S. and Mexico if it can’t get Washington to scrap tariffs—one that locks in permanent import duties but offers relief to automakers meeting local production targets.

And the U.S. Federal Reserve has left the key rate unchanged as it sees risk of higher prices and higher unemployment

Currencies Update: (Futures)

The Canadian dollar is did slip 0.36% to the greenback, falling to $0.7174, also down 0.39% against the Euro to $0.6343, and Bitcoin snaps on 2.44% to $138,151.41

Commodities: (Futures)

Natural Gas: Up (2.18%), 3.70
WTI: Up (1.88%), 59.16
Gold: Down (0.34%), 3,353.21
Copper: Up (0.46%) 5.93

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