Markets split as oil jumps over 6%. TSX rises, Dow falls, GFL buys Secure Waste Infrastructure, gold slips, gas climbs, and Bitcoin holds steady.
Markets split as oil jumps over 6%. TSX rises, Dow falls, GFL buys Secure Waste Infrastructure, gold slips, gas climbs, and Bitcoin holds steady.

The TSX is up 0.65%, while the TSX Venture Index is down 0.32%, as Canadian markets diverge amid sharp moves in energy and renewed geopolitical tension. U.S. markets are weaker, with the Dow down 0.83%, even as the Nasdaq climbs 0.95% on strength in select growth and tech names. In Europe, the FTSE 100 is lower by 0.42%, reflecting cautious risk sentiment as investors assess escalating threats around the Strait of Hormuz.

Energy markets are once again driving the macro tone. Oil is surging more than 6% as fears mount over a potential U.S. move to block Iran, sharply raising supply‑risk premiums. Gold is sliding modestly as traders raise cash and reposition, while copper is little changed. Natural gas is higher, and Bitcoin is essentially flat in Canadian‑dollar terms as crypto traders wait for clearer direction amid war‑driven volatility.

Market numbers

TSX: Up (+0.65%), 33,695.76

TSXV: Down (‑0.32%), 992.22

DOW: Down (‑0.83%), 47,568.5

NASDAQ: Up (+0.95%), 25,027.1

FTSE 100: Down (‑0.42%), 10,553.76

In the headlines

  • Oil rallies as U.S. move against Iran heightens supply risk: Oil prices surged as markets reacted to reports that the U.S. could move to block Iran, raising the risk of major disruptions through the Strait of Hormuz. Energy traders are rapidly repricing global supply risks, with gasoline prices expected to resume climbing if tensions persist.
  • GFL Environmental expands with Secure Waste deal: GFL Environmental (TSX:GFL), the Canadian waste‑management and environmental‑services company, signed an agreement to acquire Secure Waste Infrastructure. The deal strengthens GFL’s hazardous‑ and industrial‑waste platform and expands its footprint in specialized environmental services.

Currencies

USD: Flat (0.00%), $0.7224

GBP: Up (+0.16%), $0.5375

EUR: Up (+0.29%), $0.61788

JPY: Up (+0.36%), ¥115.481

AUD: Up (+0.29%), $1.0259

Bitcoin (BTC/CAD): Down (‑0.01%), 98,241.7

(Conversion to C$1)

Commodities

Copper: Up (+0.04%), 582.70

Gold: Down (‑0.47%), 4,727.07

WTI Crude: Up (+6.49%), 95.15

Natural Gas: Up (+1.31%), 2.706

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