Markets are mixed as investors balance strong AI‑driven momentum with rising geopolitical and regulatory pressure. The TSX is lower, dragged down by weakness in commodities and energy names, while U.S. markets are mixed with the Dow slightly lower and the Nasdaq holding modest gains. The broader tone reflects continued resilience in technology even as investors navigate policy shifts around AI and global trade.
Commodities are volatile. Oil prices are rising again as Middle East tensions escalate, pushing energy costs higher and keeping inflation concerns alive. Gold is retreating after a recent rally, while copper is climbing on infrastructure and electrification demand. Natural gas is under pressure, and Bitcoin is selling off sharply in Canadian‑dollar terms, highlighting its continued divergence from the broader AI‑led equity rally.
Market numbers
TSX: Down (‑0.34%), 34,651.49
TSXV: Up (+0.21%), 1,013.60
DOW: Down (‑0.24%), 50,886.0
NASDAQ: Up (+0.15%), 30,368.0
FTSE 100: Down (‑0.35%), 10,331.79
In the headlines
- Nvidia dominates headlines with AI push and policy pressure: Nvidia (TSX:NVDA) — the world’s leading AI chipmaker — is moving higher after CEO Jensen Huang pointed to what could be the first major personal‑computing revolution in decades, driven by AI‑powered systems. At the same time, U.S. policymakers are tightening restrictions on Nvidia chips heading to Chinese firms abroad, even as the company pushes deeper into AI PCs with new superchip architecture.
- Tesla reverses graphite supply decision: Tesla (TSX:TSLA) — the electric‑vehicle and energy‑storage company — has withdrawn its termination notice on a graphite supply deal with Australia’s Syrah Resources. The move highlights Tesla’s continued need to secure battery materials amid growing global EV competition.
- Frontera completes Colombian asset sale: Frontera Energy (TSX:FEC) — the Canada‑listed oil and gas producer — has closed the sale of its Colombian exploration and production assets to Parex Resources. The transaction marks a strategic shift as the company refocuses its portfolio.
Currencies
USD: Down (‑0.35%), $0.7220
GBP: Down (‑0.17%), $0.5376
EUR: Flat (0.00%), $0.62157
JPY: Down (‑0.08%), ¥115.366
AUD: Up (+0.18%), $1.0104
Bitcoin (BTC/CAD): Down (‑2.41%), 99,133.2
(Conversion to C$1)
Commodities
Copper: Up (+1.41%), 6.51503
Gold: Down (‑1.59%), 4,468.15
WTI: Up (+3.82%), 89.80
Natural Gas: Down (‑5.25%), 3.192
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