North of the border, Canadian markets remain robust, holding last week’s gains.
Market Numbers:
TSX : Up (0.89%) 25,067.92
TSXV: Up (1.30%) 616.34
DOW: Up (0.78%) 43,487.83
NASDAQ: Up (1.51%) 19,630.20
FTSE: Up(0.12%) 8,515.85
U.S., stock markets are closed for Martin Luther King Jr. Day, likely leading to thinner trading volumes globally.
Key Headlines:
Donald Trump’s inauguration as the 47th President of the United States begins today at the U.S. Capitol Building, marking his official return to the White House.
Canadian businesses brace for potential sweeping tariffs under the new administration, as many rely heavily on the U.S. as a primary trading partner.
Currency Update:
The Canadian dollar nudged up 0.04 cents to 69.13 cents U.S., battling a 1.70% loss against the Euro. Bitcoin made headlines, surging $4,403.94 to trade at an astonishing $154,427.67
Commodities Watch:
- Natural Gas: Down (10.13%), 3.83
- WTI: Down (0.21%), 77.72
- Gold: Up (0.07%), 2,705.16
- Copper Up (0.15%) 5.9617
Investors will be closely watching Trump’s policy announcements as global markets assess the potential impact on trade and economic relations.
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