The TSX opened higher Wednesday ahead of a widely expected Bank of Canada rate cut, with gains in industrials and materials lifting the index.
South of the border, Wall Street remained upbeat as the S&P 500 hit another record high, powered by tech momentum and optimism ahead of key earnings from Meta and Microsoft. Nvidia shares continued their rally after President Trump signaled potential approval for chip exports to China, reigniting hopes for Blackwell processor sales.
In Canada, Gildan Activewear reported a US$120.2 million profit for Q3, up from US$120 million a year earlier, as higher unit prices offset moderating sales volumes.
Market numbers
TSX: Up (0.48%), 30,419.68
TSXV: Up (0.33%), 902.16
DOW: Up (0.32%), 47,856.77
NASDAQ: Up (0.74%), 26,012.16
FTSE: Up (0.55%), 9,717.50
In the headlines
- Gildan posts steady Q3 profit – Gildan Activewear (TSX:GIL) reported US$120.2 million in profit for the third quarter, with revenue edging slightly higher from last year as pricing strength helped offset weaker unit demand.
- Nvidia jumps on renewed China optimism – Nvidia (NDAQ:NVDA) shares surged after President Trump hinted at easing restrictions on chip sales to China, potentially reopening the door for Blackwell processor exports and boosting investor sentiment in the semiconductor space.
Currencies
USD: Down (0.15%), $0.7178
GBP: Up (0.57%), $0.5428
EUR: Up (0.23%), $0.6166
JPY: Up (0.07%), ¥109.12
Bitcoin: Up (0.57%), US$113,546.02
(Conversion to C$1)
Commodities
Copper: Up (1.49%), 5.2991
Gold: Up (1.53%), 4,012.44
WTI: Up (0.53%), 60.80
Natural Gas: Down (0.58%), 3.80
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