United States Oil Fund LP
USO148.4100.13% ( +0.200 )
Closed: Nov 6, 16:00:00 (EDT)AMD’s $17 Billion Answer, Apple's AI Bill And Next 3 Trading Days
benzinga_article·- AMD, Arista, and Supermicro reported significant revenue and profit growth driven by surging demand for AI infrastructure, including chips, servers, and networking equipment. - Apple faced cost pressures despite strong iPhone sales, while Marvell agreed to acquire Lumentum in a $115 billion enterprise value deal, and South Korea’s October exports jumped 93.7% to $115.28 billion due to the AI chip boom. - Markets awaited upcoming U.S. job market data and corporate earnings reports amid ongoing geopolitical tensions and central bank rate decisions.TSX off on the Wrong Foot
Baystreet·- Canadian equities opened lower on Thursday, with the TSX dropping 171.64 points to 36,169.76 due to losses in technology and consumer stocks. - Wall Street also experienced a sharp downturn, led by a 3.2% slump in the NASDAQ and a 1.8% drop in the S&P 500 as investors rotated away from technology. - Meanwhile, commodities saw gains with oil rising to $89.74 a barrel and gold increasing to $4,118.80 an ounce.Canada Sep Trade Surplus Expands to CAD5.35B, Highest in Over Four Years and Beating Forecasts
AASTOCKS News·- Statistics Canada announced that Canada's merchandise exports rose by 0.2% to 78.551 billion Canadian dollars in September, while imports fell by 0.3% to 73.201 billion Canadian dollars. - The trade surplus expanded to 5.35 billion Canadian dollars, reaching its highest level since May 2022 and exceeding the market expectation of 5 billion Canadian dollars. - This growth was supported by increases in gold and energy exports to the United States, although overall exports excluding these items dropped by 5.6% due to new U.S. tariffs.USD / Canadian Dollar - FX November 2026 Outlook
Baystreet·- In October 2026, the Bank of Canada raised its overnight rate by 25 bp to 2.50%, while the US Federal Reserve held rates at 4.00% amid mixed economic data and political shifts. - Oil prices experienced significant volatility, with WTI surging 13.7% in October to nearly $103 before dropping to $93.24 following easing geopolitical tensions involving Iran. - Major banks forecast USD/CAD exchange rates to range between 1.3800 and 1.4300 across the fourth quarter of 2026 and the first quarter of 2027.