Markets are pushing higher again as momentum in technology and energy continues to drive global equities upward. Canadian markets are advancing, with both the TSX and Venture up strongly, while U.S. markets are also moving higher as the Dow reaches fresh highs above 52,000 and the Nasdaq continues climbing. European markets are participating as well, reflecting broad-based optimism despite ongoing macro uncertainty.
The macro backdrop remains mixed. Oil prices are pulling back sharply after recent volatility, while gold is rebounding as investors reintroduce some defensive positioning. Copper is moving higher, reflecting continued demand tied to infrastructure and electrification trends, while natural gas is climbing modestly. Bitcoin is slightly lower in Canadian‑dollar terms as crypto continues to lag behind equities in the current risk cycle.
Market numbers
TSX: Up (+0.97%), 35,275.64
TSXV: Up (+2.15%), 979.82
DOW: Up (+0.58%), 52,003.5
NASDAQ: Up (+0.14%), 30,526.9
FTSE 100: Up (+0.84%), 10,505.30
In the headlines
- SpaceX extends massive rally on AI expansion: SpaceX (NDAQ:SPCX) — Elon Musk’s aerospace and satellite powerhouse — continues its explosive post‑IPO run, adding another 20% as Musk’s wealth surges past $1.3 trillion. A massive $60‑billion AI coding deal and momentum in space‑tech positioning are driving continued investor enthusiasm, pushing the company past major tech rivals in valuation.
- Pizza Hut operator struggles amid changing consumer trends: Pizza Hut’s parent chain Yum Brands (NYSE:YUM) is under pressure as shifting consumer habits and operational challenges weigh on performance. The struggles highlight broader issues in the fast‑food and casual dining sectors as inflation and competition reshape demand.
Currencies
USD: Down (‑0.08%), $0.7138
GBP: Down (‑0.11%), $0.5320
EUR: Down (‑0.18%), $0.61566
JPY: Down (‑0.09%), ¥114.522
AUD: Down (‑0.15%), $1.0089
Bitcoin (BTC/CAD): Down (‑0.31%), 92,561.0
(Conversion to C$1)
Commodities
Copper: Up (+0.48%), 6.57109
Gold: Up (+0.68%), 4,338.54
WTI: Down (‑6.84%), 77.51
Natural Gas: Up (+1.11%), 3.181
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