Canada’s main stock index ended Friday with decent gains, even as aggressive words from US Federal Reserve officials and a widespread decline in technology stocks—typically strong performers on the TSX—shook investor sentiment.
This week, investor anxiety around the artificial intelligence sector has intensified. A 2.6 per cent bounce in Oracle (NYSE:ORCL) stock, once a standout in the cloud computing space, has heightened concerns about inflated tech valuations, rising debt levels, and aggressive spending on AI infrastructure. Oracle’s growth is heavily tied to its cloud partnership with OpenAI, and unlike larger hyperscalers, it operates with significantly less cash on hand.
| TSX | 30,326.46 | +72.82 |  |
| TSXV | 879.88 | -9.66 |  |
| CSE | 150.19 | -7.54 | |
| DJIA | 47,147.48 | -309.74 | |
| NASDAQ | 22,900.59 | +30.23 | |
| S&P 500 | 6,734.11 | -3.38 | |
The Canadian dollar traded for 71.31 cents US compared to 71.26 cents US on Thursday.
US crude futures traded US$1.25 higher at US$58.94 a barrel, and the Brent contract also traded US$1.25 higher at US$64.26 a barrel.
The price of gold was down US$108.79 to US$4,081.72.
In world markets, the Nikkei was down 905.30 points to ¥50,376.53, the Hang Seng was down 500.57 points to HK$26,572.46, the FTSE was down 109.31 points to ₤9,698.37, and the DAX was down 165.07 points to €23,876.55.
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