Bay Street Likely To Open On Mixed Note
(RTTNews) - The Canadian market is likely to open on a mixed note on Monday with investors mostly making cautious moves, as the nation goes to the polls today.
Investors will also be closely following the developments on the tariff front. Markets in Europe are up with investors picking up stocks amid optimism the U.S. and China will strike a trade deal sometime soon.
The Canadian market ended slightly lower on Friday, due largely to profit taking after some sharp gains in recent sessions.
The benchmark S&P/TSX Composite Index cloed down 17.02 points or 0.1% at 24,710.51.
Asian stocks closed broadly higher on Monday amid revived hopes for progress in trade talks and expectations of further stimulus from China.
U.S. Treasury Secretary Scott Bessent said the Trump administration is working on bilateral trade deals with 17 key trading partners, not including China, and that the latter needs a de-escalation.
In commodities trading, West Texas Intermediate Crude oil futures are down $0.07 or 0.12% at $62.95 a barrel.
Gold futures are gaining $9.10 or 0.28% at $3,307.50 an ounce, while Silver futures are down slightly at $32.980 an ounce.
European Shares Seen Tad Higher As World Braces For Alaska Talks
Australian Market Extends Early Gains In Mid-market
Asian Markets Trade Mixed
Indian Markets Closed For Independence Day
Lower Open Predicted For Thai Stock Market
Japanese Market Notably Higher
Indonesia Bourse Due For Consolidation On Friday
