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TSX Opening Bell Bulletin, Thursday May 26

Published 2022-05-26, 09:59 a/m
Updated 2022-05-26, 10:02 a/m
© Reuters

© Reuters

By Ketki Saxena 

Investing.com – At 9:50 a.m in Toronto, the S&P/TSX Composite index was at 20,525.79 points, up 0.70% shortly after the opening bell. Equities continued to rebound following yesterday’s meeting minutes from the Federal Reserve that confirmed 50 basis point hikes at the Fed’s June and July meetings, largely in line with investor expectations. 

Analysts also note that increasing policy stimulus from China may also be helping keep markets balanced even as the world’s most powerful bank moves to aggressively tighten monetary policy. 

Canada’s commodity heavy index was also supported by gains in energy, while heavyweight financials gained on earnings from RBC, TD, and CIBC reported before the bell. 

Here’s a snapshot of markets at the open: 

Indices

Commodity futures

  • Crude: +2.12% at $112.67/barrell 
  • Brent: +1.31% at $112.58/barrell 
  • Natural Gas: -0.36% at $8.961/mmbtu 
  • Gold: +0.06% at $1847.39/troy ounce
  • Copper: +0.25% at $4.2650

Bonds and Currencies

Cryptocurrencies 

 

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