The Market Online brings you the latest news as the Canadian Markets Open.
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00:00Good morning, here's your market open update for Wednesday, May 28.
00:06Well, Canada's main stock index slipped in early trading, easing off Tuesday's record
00:10high as investors hit pause ahead of fresh trade headlines and earnings from chip heavyweight
00:15Nvidia set to report after the bell. The S&P TSX was down 0.4% as of 6.16am ET. The venture
00:23lands over 0.5% and futures of the Dow and the Nasdaq both sit close to flat this morning.
00:27Over to headlines where Canada is set to issue a record $628 billion in government debt this
00:33year, surpassing pandemic levels. The delay in the federal budget has investors uneasy
00:38about transparency and market impact. And new housing minister Gregor Robertson says home
00:43prices don't need to fall to improve affordability. But experts warn that without a market correction,
00:48the dream of home ownership will stay out of reach for most Canadians. Tipping over to currency
00:53futures where the Canadian dollar edged back to 72 cents US, sitting somewhat still,
00:57to the Euro this morning and Bitcoin erases over half a percent. And into a peak of commodity
01:02futures where copper is on the rise, gold skips up a quarter percent, WTI glows green and
01:08stands at $61 US a barrel, and natural gas tax on another 11%. That is your Market Open.
01:14I'm Lindsay Melchick. Have a great day.