The TSX is higher this morning, while the TSX Venture Index is also advancing, as Canadian markets find support from strength in energy and mining stocks despite mixed global sentiment. U.S. markets are split, with the Dow under pressure while the Nasdaq edges higher, as investors digest inflation data, shifting trade policy headlines, and ongoing geopolitical uncertainty tied to Iran and the Strait of Hormuz. In London, the FTSE 100 is modestly higher.
Commodities remain central to the narrative. Oil prices are climbing again as uncertainty around Hormuz persists, keeping energy stocks in focus. Gold is sliding as investors rotate toward risk assets, while copper is moving higher on demand tied to electrification and infrastructure. Natural gas is surging, and Bitcoin is easing in Canadian‑dollar terms after failing to hold recent highs.
Market numbers
TSX: Up (+0.44%), 34,290.73
TSXV: Up (+1.21%), 1,017.71
DOW: Down (‑0.58%), 49,481.9
NASDAQ: Up (+0.18%), 29,092.2
FTSE 100: Up (+0.03%), 10,285.58
In the headlines
- GameStop drops after eBay rejects takeover bid: GameStop (NYSE:GME) — the video‑game retailer turned meme‑stock — fell after eBay dismissed GameStop’s proposed takeover bid as unattractive. The response raises fresh doubts about GameStop’s acquisition strategy and long‑term direction.
- Equinox Gold and Orla Mining agree to combine: Equinox Gold (TSX:EQX) and Orla Mining (TSX:OLA) — two Canadian gold producers — announced a deal to merge, creating a larger, more diversified gold company. The combination aims to improve scale, operational efficiency, and long‑term growth prospects.
Currencies
USD: Down (‑0.10%), $0.7290
GBP: Up (+0.15%), $0.5398
EUR: Up (+0.22%), $0.62325
JPY: Up (+0.03%), ¥115.115
AUD: Down (‑0.10%), $1.0070
Bitcoin (BTC/CAD): Down (‑0.62%), 109,579.8
(Conversion to C$1)
Commodities
Copper: Up (+0.22%), 6.6309
Gold: Down (‑0.87%), 4,674.40
WTI: Up (+0.70%), 101.94
Natural Gas: Up (+2.80%), 2.900
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