Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

The TSX opened slightly higher Friday, supported by strong quarterly earnings from Cenovus Energy and Canadian National Railway, even as global markets turned cautious following another tech selloff on Wall Street.

Oil prices continued to climb, lending further support to energy names, while gold held steady as investors assessed the latest batch of corporate results and central bank commentary.

In the U.S., the Nasdaq fell sharply for a second straight session, weighed down by disappointing earnings across several major tech firms despite upbeat results from Amazon and Apple.

Market numbers

TSX: Up (0.11%), 30,178.98

TSXV: Down (0.25%), 895.22

DOW: Down (0.23%), 47,522.13

NASDAQ: Down (1.47%), 25,734.81

FTSE: Up (0.51%), 9,767.50

In the headlines

  • Cenovus Energy reports $1.29B Q3 profitCenovus Energy (TSX:CVE) posted a $1.29 billion profit for the third quarter, up from $820 million a year earlier, supported by stronger oil prices and higher downstream margins.
  • CN Rail earnings climb to $1.14BCanadian National Railway (TSX:CNR) reported a $1.14 billion Q3 profit, up from $1.09 billion a year ago, citing improved efficiency and higher shipping volumes across grain and petroleum segments.

Currencies

USD: Down (0.29%), $0.7125

GBP: Up (0.03%), $0.5433

EUR: Down (1.16%), $0.6167

JPY: Down (0.25%), ¥109.91

Bitcoin: Up (0.14%), US$110,029.78

(Conversion to C$1)

Commodities

Copper: Down (0.45%), 5.1276

Gold: Up (0.14%), 4,030.13

WTI: Up (1.32%), 61.39

Natural Gas: Up (1.63%), 4.12

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