The Market Online brings you the latest news as the Canadian Markets Open.
Category
🗞
NewsTranscript
00:00Good morning, here's your market open for Wednesday, May 21st.
00:08Canadian equity futures edged lower Wednesday, pulling back from record highs as investors
00:12monitor trade headlines and U.S. tax reform talks. TSX index was down 0.6% as of 6 o'clock
00:18Eastern Time. The venture stays on the up and futures of the Dow and the Nasdaq both
00:22sit in the red. A quick headline this morning, Canadian inflation cooled sharply to 1.7% in
00:27April, largely due to the elimination of the consumer carbon tax. But with core inflation
00:32still running above 3%, the Bank of Canada faces renewed pressure ahead of its June rate
00:37decision. Its currency futures with the Canadian dollar popping up to 72 cents U.S., sliding
00:42close to a quarter percent against the euro and Bitcoin roared ahead with another 1,800
00:46points. And over to commodity futures where copper eliminates over half a percent, gold
00:51takes on half a percent, WTI jumps up to $62 U.S. a barrel, and natural gas gallops forward
00:57with over 1%. That's your Market Open. I'm Lindsay Melchick. Have a great day.