Markets are mixed with a cautious tone as renewed geopolitical risk and weakness in technology weigh on sentiment. Canadian equities are modestly higher, with the TSX and TSX Venture Index both advancing, while U.S. markets are under pressure — the Dow is slightly lower and the Nasdaq has declined as AI names continue to face scrutiny. European markets are also slipping, reflecting broader global caution.
The macro backdrop is shifting again toward risk aversion. Oil prices are surging as tensions between the U.S. and Iran persist, while gold is falling as investors rotate away from defensive assets in the short term. Copper is strengthening, suggesting underlying industrial demand remains intact, while natural gas is declining. Bitcoin is under heavy pressure in Canadian‑dollar terms, reflecting broader weakness in risk assets and crypto markets.
Market numbers
TSX: Up (+0.30%) 35,305.31
TSXV: Up (+0.85%) 905.98
DOW: Down (‑0.16%) 52,610.6
NASDAQ: Down (‑0.69%) 29,490.9
FTSE 100: Down (‑0.43%) 10,472.61
In the headlines
- SK Hynix drops after strong debut: SK Hynix (NDAQ:SKHY) — the South Korean memory chipmaker — is sliding to a one‑month low following its Nasdaq debut, with investors reassessing earnings momentum in the AI sector after an initially strong reception.
- Air Canada reaches tentative labour deal: Air Canada (TSX:AC) — the country’s largest airline — has struck a tentative contract agreement with approximately 11,000 IAMAW employees, potentially easing labour uncertainty ahead of the busy travel season.
Currencies
USD: Up (+0.07%) $0.7066
GBP: Up (+0.13%) $0.5275
EUR: Flat (‑0.01%) $0.61889
JPY: Up (+0.35%) ¥114.636
AUD: Up (+0.24%) $1.0182
Bitcoin (BTC/CAD): Down (‑2.13%) 88,482.0
(Conversion to C$1)
Commodities
Copper: Up (+0.91%) 6.36303
Gold: Down (‑1.32%) 4,065.21
WTI: Up (+3.33%) 74.40
Natural Gas: Down (‑1.45%) 2.862
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