Daily TSX Market Open: New U.S.-U.K. Trade Agreement Hikes Up TSX  |  May 9, 2025 - video Dailymotion

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

Transcript

00:00Good morning, happy Friday, here's your market open update.

00:07Canadian Equity Index futures advanced Friday lifted by momentum from the newly inked US-UK

00:11trade agreement as investors turned their focus to an upcoming US-China meeting that could prove

00:16pivotal for global trade sentiment. The TSX futures were up 0.4% as of 6am ET, the venture

00:22sitting with an 11-point gain, and futures of the Dow and the Nasdaq both on the rise to kick

00:26off the morning. Some quick headlines with the newly signed deal between US and UK. Trump

00:31announced the general terms agreement leaves in place a 10% tariff on goods imported from the UK

00:36that lowers prohibitive US duties on UK car exports. And Delta Air, along with Korean Air, will acquire

00:43a combined 25% stake in Canada's WestJet for $550 million from private equity firm Onyx Corp.

00:50Over to currency futures, where the Canadian dollar is currently holding at 71 cents US,

00:53also down against the euro, and Bitcoin catches another 4,800 points.

00:58Finishing with commodity futures, where copper is on the decline, gold adds on close to 1%,

01:02WTI moves up 2% to $61 US a barrel, and natural gas also glows green by over 1% this morning.

01:10That's your market open. I'm Lindsay Melchuk. Have a great Friday.