Market Open: Cenovus Buys Athabasca Oil in $4B Deal as TSX Climbs | Oct 3rd

Canadian and U.S. markets were mostly steady in early trading, with the TSX leading. The Toronto Stock Exchange rose 0.99% to 35,502.65, while the TSX Venture Index gained 0.20% to 880.57. U.S. markets were flat to slightly lower: the Nasdaq was unchanged at 30,905.7 and the Dow slipped 0.25% to 51,063.2. The FTSE 100 eased 0.12% to 10,483.70 as traders continued factoring in lingering fears of rate hikes. Oil fell 1.61% to WTI at $88.01, while gold edged up 0.14% and copper gained 0.62%. Bitcoin slipped 0.49% to above C$122,000. Headlines included Cenovus’s $4 billion deal to buy Athabasca Oil and Suncor selling offshore stakes in Newfoundland to Ithaca Energy.