The TSX opened slightly higher Wednesday morning, up 0.31%, as energy and mining stocks helped offset weakness in tech.
South of the border, the Dow Jones hit a new record, climbing 1.18%, while the Nasdaq slipped 0.31% as investors rotated out of tech following news that SoftBank sold its entire US$5.8 billion stake in Nvidia.
In commodities, gold rose 0.12% to US$4,131.81, while copper gained 1.43%, and WTI slid sharply—down 2.47% to US$59.62 per barrel amid concerns over rising U.S. supply.
In corporate news, Loblaw (TSX:L) posted another strong quarter, reporting higher profit and revenue year-over-year, supported by continued demand in both grocery and pharmacy segments.
Market numbers
TSX: Up (0.31%), 30,409.25
TSXV: Up (0.18%), 893.62
DOW: Up (1.18%), 47,927.97
NASDAQ: Down (0.31%), 25,533.49
FTSE: Up (1.15%), 9,909.50
In the headlines
- SoftBank exits Nvidia – SoftBank (PINL:SFTBF) shares fell 10% after reports that the tech investor sold its entire US$5.8 billion stake in Nvidia (NDAQ:NVDA), a move that shook confidence across AI-related equities. The decision follows a strong run in chip stocks driven by AI optimism earlier this year.
- Loblaw profit rises – Loblaw Companies Ltd (TSX:L) reported higher Q3 profit and revenue compared to last year, driven by steady grocery sales and strong pharmacy demand. The company continues to benefit from price-conscious consumers and private-label growth.
Currencies
USD: Flat (0.00%), $0.7129
GBP: Up (0.46%), $0.5445
EUR: Up (0.15%), $0.6165
JPY: Up (0.54%), ¥110.53
Bitcoin: Down (0.56%), US$104,924.56
(Conversion to C$1)
Commodities
Copper: Up (1.43%), 5.1934
Gold: Up (0.12%), 4,131.81
WTI: Down (2.47%), 59.62
Natural Gas: Up (0.58%), 4.55
To stay up-to-date on all of your market news head to Stockhouse.com.
Join the discussion: Find out what everybody’s saying about SoftBank and Loblaws for November 12th, 2025, on Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
