TSX futures lower on rising U.S. yields, cost worries
Canada's main stock index was set to open lower on Wednesday, tracking losses in global shares, due to rising U.S. bond yields and warnings from top global companies about increasing costs.
Practices like spoofing — a form of cheating that regulators have spent years stamping out in futures and equities markets — have fuelled concerns about whether crypto trading is adequately monitored.
Global stocks are joining the slide that started on Wall Street yesterday after the 10-year U.S. Treasury yield crossed 3 per cent, an important psychological threshold that kicked off a round of worry about rising borrowing costs.
Shares were on their way to the longest losing streak of the year on Wednesday, as an advance in U.S. bond yields beyond 3 per cent and warnings from top global firms about rising costs fed fears a boom in earnings may have peaked.