TSX rises as Meta jumps on a new AI model and BMO launches a quantum institute. Oil climbs, gold rebounds, and markets remain cautious on Iran ceasefire risks.
TSX rises as Meta jumps on a new AI model and BMO launches a quantum institute. Oil climbs, gold rebounds, and markets remain cautious on Iran ceasefire risks.

The TSX is up 1.15%, while the TSX Venture Index is higher by 1.43%, as Canadian equities extend gains despite renewed uncertainty around the fragile U.S.–Iran ceasefire. U.S. markets are mixed, with the Dow down 0.22% and the Nasdaq essentially flat, down 0.01%, as investors pause after a powerful relief rally earlier in the week. London’s FTSE 100 is under pressure, falling nearly 1%, reflecting lingering global caution.

Commodities are again driving sentiment. Oil prices are moving higher as reports suggest the ceasefire is already being tested, pushing crude up almost 2%. Gold is rebounding strongly, up nearly 1%, as traders hedge geopolitical risk while the U.S. dollar weakens. Copper is modestly higher, natural gas is flat, and Bitcoin is slipping slightly in Canadian‑dollar terms after recent strength.

Market numbers

TSX: Up (+1.15%), 33,620.57

TSXV: Up (+1.43%), 982.58

DOW: Down (‑0.22%), 47,765.6

NASDAQ: Down (‑0.01%), 24,860.9

FTSE 100: Down (‑0.94%), 10,585.77

In the headlines

  • Meta jumps on new AI model rollout: Meta Platforms (TSX:META) — the social‑media and digital‑advertising giant behind Facebook, Instagram, and WhatsApp — surged after unveiling a new AI model designed to close the gap with leading competitors. Investors welcomed the move as a sign Meta is refocusing capital and talent toward core AI capabilities after years of heavy spending elsewhere.
  • BMO launches institute to boost quantum and AI: Bank of Montreal (TSX:BMO) — one of Canada’s Big Six banks — announced plans to open a new institute dedicated to advancing quantum computing and artificial intelligence. The initiative aims to strengthen the bank’s long‑term technology capabilities across risk management, data analytics, and client services.

Currencies

USD: Up (+0.13%), $0.7232

GBP: Down (‑0.05%), $0.5387

EUR: Down (‑0.10%), $0.61871

JPY: Up (+0.39%), ¥114.980

AUD: Up (+0.10%), $1.0259

Bitcoin (BTC/CAD): Down (‑0.36%), 98,189.3

(Conversion to C$1)

Commodities

Copper: Up (+0.15%), 571.63

Gold: Up (+0.93%), 4,763.44

WTI Crude: Up (+1.91%), 91.11

Natural Gas: Flat (0.00%), 2.723

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