TSX edges lower as oil rises and Bitcoin slips. Meta faces a China AI block while partnering on space‑powered data centres, and Musk heads to court with OpenAI.
TSX edges lower as oil rises and Bitcoin slips. Meta faces a China AI block while partnering on space‑powered data centres, and Musk heads to court with OpenAI.

The TSX is down 0.28%, while the TSX Venture Index is flat, as Canadian markets drift lower amid cautious global sentiment and rising energy prices. U.S. markets are also softer, with the Dow down 0.08% and the Nasdaq lower by 0.14%, as traders look past early war jitters but remain wary ahead of central‑bank decisions and renewed geopolitical risk. In London, the FTSE 100 is modestly weaker, down 0.16%.

Commodities and currencies are driving the tone. Oil prices are moving higher again, up more than 1.6%, as the war premium creeps back into energy markets. Gold is under pressure, sliding 0.38%, while copper is slightly lower. Natural gas is surging nearly 4%. Bitcoin is pulling back in Canadian‑dollar terms, down almost 1.5%, after failing to hold recent highs near US$80,000 as traders reassess risk appetite.

Market numbers

TSX: Down (‑0.28%), 33,809.97

TSXV: Flat (0.00%), 1,011.02

DOW: Down (‑0.08%), 49,213.4

NASDAQ: Down (‑0.14%), 27,221.4

FTSE 100: Down (‑0.16%), 10,367.28

In the headlines

  • Meta blocked in China, pivots to space‑powered AI: Meta Platforms (TSX:META) — the social‑media and digital‑advertising giant behind Facebook, Instagram, and WhatsApp — was blocked by Chinese regulators from acquiring AI startup Manus, highlighting ongoing geopolitical barriers to global AI expansion. At the same time, Meta announced a partnership with space startup Overview Energy to secure solar power for its data centers, underscoring the company’s push to support massive AI infrastructure growth with clean energy.
  • Musk and OpenAI’s Sam Altman head to court over AI control: Elon Musk and OpenAI CEO Sam Altman are heading to court in a high‑stakes legal showdown over the future direction and governance of OpenAI. The case could have major implications for how leading AI models are developed, funded, and controlled as competition intensifies across the sector.

Currencies

USD: Up (+0.41%), $0.7346

GBP: Up (+0.27%), $0.5421

EUR: Up (+0.27%), $0.62590

JPY: Up (+0.40%), ¥117.042

AUD: Down (‑0.09%), $1.0222

Bitcoin (BTC/CAD): Down (‑1.49%), 105,977.1

(Conversion to C$1)

Commodities

Copper: Down (‑0.05%), 6.08172

Gold: Down (‑0.38%), 4,692.65

WTI: Up (+1.65%), 96.26

Natural Gas: Up (+3.98%), 2.796

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