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

Markets opened higher this morning as Canadian and U.S. equities extended gains into the holiday week, supported by optimism around a Santa rally. The TSX is up 0.18%, while the Venture Index is also higher. In the U.S., the Dow and Nasdaq are advancing, with the S&P 500 hitting a new record as traders position for year-end. London’s FTSE is modestly higher as global markets remain steady ahead of a shortened trading day.

Commodities are mixed: gold is holding near record highs above $4,480, copper is sharply higher, and oil is steady amid geopolitical tensions. Natural gas is under pressure, while Bitcoin trades slightly lower. Headlines today spotlight energy and biotech, with BP selling a majority stake in its Castrol business and Agios Pharma jumping on expanded FDA approval for its blood disorder drug.

Market numbers

TSX: Up (+0.18%), 32,058.73

TSXV: Up (+0.52%), 990.68

DOW: Up (+0.16%), 48,442.42

NASDAQ: Up (+0.50%), 25,587.83

FTSE: Up (+0.22%), 9,894.00

In the headlines

  • BP Divests Castrol Stake: BP (NYSE:BP) will sell a majority stake in its Castrol lubricants business for $6 billion, streamlining operations and focusing on energy transition priorities.
  • Agios Pharma Surges: Agios Pharmaceuticals (NDAQ:AGIO) shares jumped after the U.S. FDA expanded approval for its blood disorder drug, boosting growth prospects in rare disease treatments.

Currencies

USD: Up (+0.10%), $0.7310

GBP: Up (+0.17%), $0.5410

EUR: Up (+0.16%), $0.6203

JPY: Down (-0.07%), ¥114.061

AUD: Down (-0.01%), $0.91688

Bitcoin: Down (-0.30%), 119,371.90 CAD

(Conversion to C$1)

Commodities

Copper: Up (+0.80%), $5.61878

Gold: Up (+0.01%), $4,484.93

WTI: Up (+0.17%), $58.755

Natural Gas: Down (-3.55%), $3.804

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 BP and Agios Pharma for December 24th, 2025, on Stockhouse’s stock forums and message boards.

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