Cautious Trading as Investors Await Key Data
Markets opened cautiously this morning as investors weighed mixed earnings, shifting rate expectations, and another volatile session in commodities. TSX The TSX opened slightly higher, supported by financials and energy, though gains remain modest as traders await fresh economic data later this week. S&P 500 U.S. markets are mixed, with the S&P 500 drifting lower as tech stocks continue to face pressure from rising bond yields and softer forward guidance from several large-cap names. Oil Oil is steady after yesterday’s pullback, with traders watching Middle East supply signals and U.S. inventory data expected tomorrow. Canadian Dollar The CAD is trading slightly weaker against the USD, reflecting cautious sentiment ahead of the Bank of Canada’s next rate communication. What’s Moving Winners: Energy names, select Canadian banks, gold miners Losers: Tech, consumer discretionary, rate‑sensitive sectors
