Markets are under pressure as rising inflation and renewed weakness in technology weigh on sentiment. Canadian equities are lower, with the TSX sliding as concerns mount over slowing economic growth and elevated consumer prices. In the U.S., markets are mixed, with the Dow edging down while the Nasdaq posts modest gains, reflecting continued rotation away from high‑growth names despite occasional rebounds.
Commodities and macro forces are driving the tone. Oil prices are moving higher again amid ongoing geopolitical tensions, supporting energy stocks, while gold is sharply lower as rising inflation expectations fuel concerns around interest‑rate policy. Copper is slipping slightly, natural gas is rising strongly, and Bitcoin is gaining modestly in Canadian‑dollar terms as it stabilizes following recent volatility.
Market numbers
TSX: Down (‑0.61%), 34,200.98
TSXV: Down (‑1.36%), 920.39
DOW: Down (‑0.17%), 50,738.8
NASDAQ: Up (+0.40%), 29,100.4
FTSE 100: Down (‑0.53%), 10,239.20
In the headlines
- AutoCanada expands collision repair footprint: AutoCanada (TSX:ACQ) — the Canadian automotive dealership and service group — has acquired a collision repair centre in Thunder Bay, strengthening its after‑sales service network and diversifying revenue beyond vehicle sales.
- Eli Lilly leads obesity drug race: Eli Lilly (TSX:LLY) — the global pharmaceutical leader — continues to outperform rivals in the obesity‑drug space as competitors ramp up efforts. The company remains at the forefront of a rapidly expanding and highly competitive market.
Currencies
USD: Up (+0.32%), $0.7189
GBP: Down (‑0.06%), $0.5355
EUR: Up (+0.10%), $0.62164
JPY: Up (+0.34%), ¥115.354
AUD: Up (+0.18%), $1.0218
Bitcoin (BTC/CAD): Up (+0.62%), 86,622.0
(Conversion to C$1)
Commodities
Copper: Down (‑0.25%), 6.37239
Gold: Down (‑1.79%), 4,183.30
WTI: Up (+0.80%), 87.70
Natural Gas: Up (+2.85%), 3.216
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