Daily TSX Market Open: TSX Futures Slip with Further Commodity Weigh Downs  |  May 1, 2025 - video Dailymotion

The Market Online brings you the latest news as the Canadian Markets Open.

Transcript

00:00Good morning, happy Thursday, here is your market open update.

00:07Canadian stocks pointed lower Thursday as futures slipped,

00:10dragged down by falling oil and gold prices,

00:12with fresh U.S. economic contraction fueling demand worries across commodities.

00:16The TSX index was down 0.2% as that's 6.30 Eastern Time, the venture also in the red.

00:22Futures of the Dow popped up 23 points and the Nasdaq dropped 134 points.

00:26Peeking at some headlines, Canada's economy receded by 0.2% in February,

00:32but economists suggest the downturn isn't yet a direct result of the U.S. tariff threats.

00:37And U.S. President Donald Trump acknowledged that his sweeping tariff program

00:41had risked imperiling him politically,

00:43but said he would not rush deals to appease nervous investors during a town hall on Wednesday.

00:48Switching to currency futures, the Canadian dollar is holding steady at 72 cents U.S.,

00:53lost some ground against the euro and Bitcoin skips up 1%.

00:56Finishing off with commodity futures with copper on the rise by over 0.5%,

01:01gold steeply dropping over 2%.

01:03WTI continues to slide and currently sitting at $57 U.S. a barrel.

01:07And natural gas adds on over 1%.

01:10That is your Market Open.

01:11I am Lindsay Melchuk.

01:12We will see you for the midday highlight story.

01:14In the day of the day of primeiro phase.

01:21Welcome to a free story.

01:25You're listening.