Daily TSX Market Open: Pre-market sets pessimistic tone  |  June 3, 2025 - video Dailymotion

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

Transcript

00:00Good morning on this fine Tuesday. Here's your market open update.

00:08TSX Futures gave up ground on Tuesday, tracking U.S. markets amid growing pessimism about the

00:14lasting effects of President Trump's global tariffs. S&P TSX index were down by 0.5%,

00:22with the Dow and the Nasdaq falling in tow as trade uncertainty trickles through global markets.

00:28Prime Minister Mark Carney's first meeting with his ministers on June 2 in Saskatoon

00:33was followed by the release of the federal government's framework for fast-tracking

00:38strategic infrastructure projects. The government intends to offer two-year approvals for projects

00:44ranging from critical minerals to ports, pipelines, and nuclear energy. As countries around the world

00:51continue to shift from globalization to protectionism driven by Trump tariffs,

00:57the Organization for Economic Cooperation and Development lowered its growth outlook for the

01:02global economy to 2.9% in 2025 and 2026, down from March estimates of 3.1 and 3% respectively.

01:13Let's take a look at currency futures. The Canadian dollar fell to 72.77 cents U.S.,

01:20while it gained on the euro rising to 63.93 cents. At the time of writing, Bitcoin has given back 0.33%

01:30to $144,719.38. Ending with commodity futures, natural gas is down by 1.44%,

01:41WTI is up by 1.35%. Gold has given back 0.65%, while copper is down by 1.39%. That's your market open.

01:54I'm Trevor Abbas. I'll see you on Wednesday.