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Daily Markets Update: TSX Surges 1.5% as Wall Street Rallies Ahead of Jobs-Day Double Header

  Canadian and U.S. markets both closed sharply higher Thursday after a dovish-sounding comment from a Fed official cooled fears of a September rate hike. But the calm may not last: Statistics Canada and the U.S. Bureau of Labor Statistics release their August jobs reports simultaneously this morning, and both could move markets fast. 🇨🇦 TSX: Miners and Banks Power a 541-Point Rally The S&P/TSX Composite Index jumped 541.51 points, or 1.5%, to close Thursday at 36,633.12 , its biggest one-day gain in about a month. The move followed comments from U.S. Federal Reserve Governor Christopher Waller, who said he's inclined to be patient on interest rate policy — a notably softer tone than the hawkish signals sent by Fed Chair Kevin Warsh just days earlier at Jackson Hole. Traders responded by trimming bets on a Fed rate hike this month. Gold miners led the charge as gold prices jumped alongside the dovish repricing: Agnico Eagle gained about 5%, Barrick Mining rose 3.1%, and Wheat...
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Senate to Decide Fate of Funding Bill as Shutdown Deadline Looms


In a dramatic turn of events, the U.S. House of Representatives approved a crucial funding bill just hours before the midnight deadline, sending it to the Senate for immediate consideration. The bill, which passed with a vote of 366-34, aims to temporarily fund federal operations and provide disaster aid, but notably excludes an increase in the debt ceiling as demanded by President-elect Donald Trump.

House Speaker Mike Johnson emphasized the importance of avoiding a government shutdown, especially during the holiday season, while acknowledging the challenges posed by Trump's last-minute demands. The bill now faces a critical test in the Senate, where its passage is expected but not guaranteed.

As the clock ticks down, all eyes are on the Senate to see if they can act swiftly enough to prevent a shutdown that would disrupt federal services and impact millions of Americans.




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