The Market Online brings you the latest news as the Canadian Markets Open.
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00:00Good morning, here is your market open for Friday, May 23rd. Futures for Canada's main index held
00:09steady Friday, tracking Wall Street as investors eyed mounting U.S. debt concerns and awaited
00:14key economic data. June futures of the S&P TSX index were up 0.06% at 625 Eastern Time. The
00:21venture sits in the red, and futures of the Dow in the Nasdaq both break off over 0.5%.
00:26Walking over to headlines, Canada Post is facing fresh labour pressure as the union representing
00:3155,000 workers calls for a nationwide overtime ban. That means members are rejecting hours beyond
00:378 per day or 40 per week as contract talks remain unresolved. And a sweeping tax and spend bill
00:42cleared the Republican-led House, intensifying fears over America's fiscal trajectory as it heads to
00:48the Senate. Peeking into currency futures where the Canadian dollar is up and standing at 72 cents U.S.,
00:53also gaining traction against the euro, and Bitcoin hands back 3,100 points.
00:59Finishing off with commodity futures where copper stays subdued, gold picks up 1.5%,
01:03WTI holds at $60 U.S. a barrel, and natural gas explodes this morning by over 12%.
01:10That's your Market Open. I'm Lindsay Melchuk. Have a great day.