The Market Online brings you the latest news as the Canadian Markets Open.
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00:00Good morning, here is your market update for Monday, May 26.
00:07Canadian equity futures edged higher Monday after U.S. President Donald Trump extended trade talks
00:11with the EU, offering markets a brief reprieve from trade policy uncertainty.
00:15June futures on the S&P TSX index were up 0.10% as to 625 Eastern Time.
00:21The venture grabs on to a 1% gain, and futures of the Dow and the Nasdaq both add on over 1% this morning.
00:26Into some headlines, retail sales rose 0.8% to $69.8 billion in March,
00:32boosted by a surge in new car purchases as Canadians move quickly ahead of expected tariff-driven price hikes.
00:38And Elon Musk's Doji team is reportedly pushing broader use of his AI chatbot Grok within the U.S. federal government,
00:44raising red flags over potential conflicts of interest and exposure of sensitive data, sources say.
00:49Over to currency futures, where the Canadian dollar is up across the board,
00:52showing a kick-up to $0.73 U.S., also on the increase against the euro, and Bitcoin grabs on to 3,000 points.
00:58And skipping into commodity futures, where copper lays down a 0.5%, gold also deletes over 0.5%,
01:04WTI stands at $61 U.S. a barrel, and natural gas leaps up another 10%.
01:09That is your Market Open. I'm Lindsay Melchuk. Have a great day.