Bay Street Likely To Open Lower

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(RTTNews) - Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.

U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners that haven't got letters yet.

Trump also said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer.

Data from Statistics Canada showed employment in Canada increased by 83,100 in June. The unemployment rate in Canada decreased to 6.9% in June from 7% in May.

Average hourly earnings in Canada increased to C$ 37.22 in June of 2025 over the previous month.

A separate data from Statistics Canada showed building permits in Canada increased to 12% in May from -6.8% in April of 2025.

On Thursday, the Canadian market climbed to a new high despite ongoing concerns about tariffs. The benchmark S&P/TSX Composite Index, which touched an intraday high of 27,120.00 post noon, settled at 27,082.30, gaining 109.98 points or about 0.41%.

In a Truth Social post Wednesday evening, Trump announced a 50 percent tariff on copper is due to go into effect on August 1st.

Trump also posted several more letters to world leaders on Truth Social revealing plans to increase tariffs.

Asian shares ended weak in cautious trade on Friday after Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners that haven't got letters yet.

The major European markets are down in negative territory with notable losses, hurt by renewed fears of a global trade war following U.S. President's latest tariff announcements.

In commodities, West Texas Intermediate Crude oil futures are up $0.74 or 1.11% at $67.31 a barrel.

Gold futures are gaining $34.80 or 1.02% at $3,360.50 an ounce, while Silver futures are up $1.030 or 2.76% at $38.335 an ounce.

Indonesia Bourse May Turn Lower Again On Monday

The Indonesia stock market on Friday halted the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,540-point plateau although it's likely to head south again on Monday.

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Japanese Market Sharply Lower; Down 2%

The Japanese stock market is trading sharply lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 tumbling more than 2 percent to well below the 39,950 level, with weakness across all sectors led by exporters, automakers and financial stocks.

RTTNews | 19 मिनटों पहले

No Help Yet For Hong Kong Stock Market

The Hong Kong stock market has tracked lower in four straight sessions, dropping more than 1,050 points or 4 percent along the way. The Hang Seng Index now rests just above the 24,500-point plateau and it's expected to open in the red again on Monday.

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Lower Open Predicted For China Stock Market

The China stock market has finished lower in consecutive trading days, sinking more than 55 points or 1.7 percent along the way. The Shanghai Composite Index now sits just shy of the 3,560-point plateau and the losses may accelerate on Monday.

RTTNews | 48 मिनटों पहले

Australian Market Slightly Lower

The Australian stock market is slightly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying just above the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.

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Taiwan Stock Market Tipped To Open Under Pressure On Monday

The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained more than 340 points or 1.9 percent. The Taiwan Stock Exchange now sits just above the 23,430-point plateau and it's expected to see continued consolidation on Monday.

RTTNews | 1घंटे 18 मिनट पहले

Singapore Shares May Take Further Damage On Monday

The Singapore stock market had finished lower in six straight sessions, surrendering almost 120 points or 2.9 percent along the way. The Straits Times Index now sits just above the 4,150-point plateau and it's expected to open under pressure again on Monday.

RTTNews | 1घंटे 48 मिनट पहले

Japan Monetary Base Slips 3.9% On Year In July

The monetary base in Japan was down 3.9 percent on year in July, the Bank of Japan said on Monday - coming in at 643.896 trillion yen.

RTTNews | 1घंटे 53 मिनट पहले

EURUSD	1.1569	GBPUSD	1.32727	AUDUSD	0.64807
USDJPY	147.811	USDCAD	1.37841	USDCHF	0.80606

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Bay Street Likely To Open Lower