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Market Open: TSX Surges with 90 day US-China Pause | Mon. May 12

Lyndsay Malchuk Lyndsay Malchuk, The Market Online
0 Comments| May 12, 2025

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Canadian equity index futures surged on Monday Friday, as Mark Carney is sworn in and U.S and China agreed to temporarily slash reciprocal tariffs, easing investor sentiment.

Market Numbers (Futures)

TSX :Up (1.34%) 25,697.533
TSXV: Up (0.66%) 683.40
DOW: Up (2.48%) 42,342.00
NASDAQ: Up (3.91%) 20,925.75
FTSE: Up (0.49%) 8,596.92

In the Headlines:

The U.S. farm economy is beginning to feel the strain from Trump-era tariffs. Crop trading is disrupted, tractor purchases are on hold, and chemical imports are facing delays.

And U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade.

Currencies Update: (Futures)

The loonie is down 0.36% to $0.7121 to the greenback, up 0.91% to $0.6495 against the Euro, and Bitcoin leaves behind 0.83% to $143,296.67

Commodities: (Futures)

Natural Gas: Up (0.16%), 3.81
WTI: Up (3.87%), 63.38
Gold: Down (2.87%), 3,229.37
Copper: Up (1.14%) 6.05

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