By Ketki Saxena
Investing.com – At 9:45 a.m in Toronto, the S&P/TSX composite index was at 20,057.30 points, down 0.22% shortly after the opening bell, continuing yesterday’s broad based selloff as worries of an economic slowdown returned to the market, fuelled by concerns of aggressive monetary policy tightening by global central banks.
In Canada, yesterday’s hotter than anticipated inflation data (6.8%) sets the stage for more 50 basis point hikes from the Bank of Canada at its next policy meetings on June 1st and July 13th.
Here’s a snapshot of markets at the open.
Indices:
- S&P/TSX 60: -0.22%
- S&P/TSX Venture Composite: +0.25%
- S&P 500: -0.38%
- Dow Jones: -0.68%
- Nasdaq: +0.15%
- VIX: 2.33%
Key Commodity Futures:
- Crude: -0.38% at $106.64/ barrell
- Natural Gas: -1.37% at $8.253/mmbtu
- Gold: +1.05% at $1834.90/ troy ounce
- Copper: +1.64% at $4.247
- Gold Futures: +1.05% at $1834.90/ troy ounce
- Copper: +1.64% at $4.247
Bonds and Currencies
- Canada 5 year: -0.064 points at 2.776%
- Canada 10 year: -0.068 points at 2.879%
- United States 10-Year -0.076 points at 2.808%
- USD/CAD: -0.67% at 1.2802
Crypto:
What to watch on the TSX today: Earnings expected from: Lightspeed Commerce (TSX:LSPD), ATS Automation Tooling Systems Inc. (TSX:ATA), and Canada Goose (TSX:GOOS).