Daily TSX Market Open: Trade optimism lifts markets higher   |  June 4, 2025 - video Dailymotion

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

Transcript

00:00good Wednesday morning here's your market open update TSX futures drifted

00:09slightly higher on Wednesday driven by a consensus hold on interest rates from

00:13the Bank of Canada as well as optimism about potential US trade deals with

00:19President Trump and Chinese president Xi Jinping expected to speak later this

00:23week June futures on the TSX added 0.3% with US markets joining the party suggesting

00:31Canada's main index will add on to its record-high closing number on Tuesday into

00:37the headlines US President Trump raised import tariffs on steel and aluminum from

00:4325 to 50% with eyes on increasing domestic manufacturing and strengthening national

00:49security Canada accounts for approximately half of aluminum imports and a

00:54quarter of steel imports into the US one company struggling under the weight of

00:59tariffs is toy maker spin master which is reporting that it has cut jobs

01:04company-wide at the lower costs the company heavily relies on manufacturing in

01:09China the bearer of the highest tariffs under Trump's regime and intends to

01:15diversify its supply chain away from the communist country in the coming years

01:20now turning to currency futures the Canadian dollar rose to 0.7296 US up from

01:270.7277 on Tuesday and continued to gain on the euro rising from 0.6393 Canadian to

01:360.6412 at the time of writing Bitcoin was down by 0.16% trading at a hundred forty

01:43four thousand three hundred sixty dollars and 42 cents ending with commodity

01:49futures natural gas is down by 0.11% WTI is up by 0.13% gold has given back 0.15%

01:59and copper has added 0.08% that's your market open I'm Trevor Abbas and I'll see

02:05you on Thursday

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