Daily TSX Market Open: Strong Bank Earnings Boost TSX  |  May 29, 2025 - video Dailymotion

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

Transcript

00:00Good morning, here's your market open update for Thursday, May 29th.

00:07While futures tracking Canada's main stock index climbed Thursday, lifted by a U.S. court decision,

00:12blocking Trump-era tariffs and a strong showing from the country's big banks.

00:16June futures on the S&P TSX index were up 0.3% as of 6.25 Eastern Time.

00:22The venture takes a slight dip and futures of the Dow and the Nasdaq both glow green to kick off the day.

00:27What's in the headlines? Well, Ontario will revise its mining bill to include indigenous economic zones following backlash from First Nations.

00:35The province is responding to mounting legal and political pressure.

00:39And Wall Street and financial markets around the world jumped after a U.S. court ruled that President Donald Trump

00:43is not authorized to impose sweeping tariffs on imports under an emergency powers law.

00:49Peeking into currency futures with the loony on the rise this morning, sitting at 72 cents U.S.,

00:53tipping up to the euro and Bitcoin leaves behind 400 points.

00:56And flipping to commodity futures where copper adds on over a quarter percent, gold buttons on over half a percent,

01:03WTI stands at $61 U.S. a barrel, and natural gas picks up another 10 percent.

01:08That's your Market Open. I'm Lindsay Melchak. Have a great day.

01:11Thank you for listening.