Markets are mixed but resilient as investors balance easing inflation pressures against renewed geopolitical uncertainty. Canadian equities are trading higher, with both the TSX and TSX Venture Index advancing, while U.S. markets are split. The Dow is edging lower, but technology stocks have helped support sentiment after a strong rally earlier in the week. Investors continue to digest softer inflation data while monitoring renewed tensions involving the U.S. and Iran.
Commodities are sending mixed signals. Oil prices are climbing to their highest levels in more than a month amid concerns about supply disruptions and a potential new U.S. blockade, while gold is also rallying as traders seek protection from geopolitical risks. Copper is moving sharply higher, suggesting underlying industrial demand remains healthy. Natural gas is slightly lower, and Bitcoin is rebounding in Canadian-dollar terms despite ongoing volatility in the broader crypto market.
Market numbers
TSX: Up (+0.47%) 35,419.12
TSXV: Up (+1.43%) 893.92
DOW: Up (+0.15%) 52,543.5
NASDAQ: Up (+1.34%) 29,586.1
FTSE 100: Up (+0.36%) 10,530.63
In the headlines
- JPMorgan posts record quarter as banking environment stays strong: JPMorgan Chase (TSX:JPM) delivered another record quarter, with CEO Jamie Dimon describing the banking environment as “close to as good as it gets.” Strong lending activity, healthy consumer spending, and resilient capital markets helped drive performance despite ongoing economic uncertainty.
- SpaceX slides back toward IPO price: SpaceX (NDAQ:SPCX) shares continue to retreat after their explosive post‑IPO run, with the stock falling back toward its original $135 IPO price and closing at an all‑time low. The move highlights growing volatility as investors reassess valuations following the company’s rapid rise.
- IBM tumbles after warning disappoints investors: IBM (TSX:IBM) shares came under significant pressure following a major warning that rattled Wall Street. Investors are reassessing growth expectations as concerns emerge about demand and future profitability.
Currencies
USD: Up (+0.65%) $0.7105
GBP: Up (+0.13%) $0.5294
EUR: Down (‑0.01%) $0.62070
JPY: Up (+0.30%) ¥115.108
AUD: Down (‑0.29%) $1.0176
Bitcoin (BTC/CAD): Up (+1.72%) 89,717.3
(Conversion to C$1)
Commodities
Copper: Up (+2.27%) 6.44124
Gold: Up (+1.89%) 4,076.49
WTI: Up (+2.66%) 80.00
Natural Gas: Down (‑0.31%) 2.884
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