Markets are generally holding higher as investors continue to favor large-cap technology and growth stocks despite mixed earnings reactions. Canadian equities are advancing modestly, with the TSX and TSX Venture Index both in positive territory. In the United States, the Dow is higher while the Nasdaq is essentially flat after a strong rally led by technology and AI-related names. Investors are also closely watching the Bank of Canada’s latest rate decision and a fresh wave of corporate earnings.
Commodity markets remain active as geopolitical tensions in the Middle East support energy prices. Oil is hovering near the $80 mark after climbing to its highest level in more than a month, while copper continues to benefit from industrial demand optimism. Gold is little changed after a volatile inflation-driven rally, and Bitcoin is largely flat as traders wait for a clearer catalyst.
Market numbers
TSX: Up (+0.27%) 35,415.31
TSXV: Up (+0.16%) 893.17
DOW: Up (+0.18%) 52,652.0
NASDAQ: Down (‑0.03%) 29,566.7
FTSE 100: Up (+0.31%) 10,506.36
In the headlines
- PayPal jumps on buyout speculation: PayPal (TSX:PYPL) surged after reports that Stripe and private-equity firm Advent are exploring a potential acquisition proposal. The news sparked renewed investor interest in the digital-payments giant as consolidation speculation heats up across fintech.
- IBM tumbles as AI shifts client spending: IBM (TSX:IBM) shares were pummeled after management acknowledged the company is struggling to adapt as customers increasingly redirect spending toward newer AI-focused platforms. The comments intensified concerns that IBM may be falling behind in the race for enterprise AI spending.
- Lucid drops despite bankruptcy denial: Lucid (NDAQ:LCID) shares slid roughly 16% after the electric-vehicle maker denied reports suggesting a bankruptcy filing. While management pushed back against the rumours, investors remained concerned about funding requirements and future demand.
Currencies
USD: Flat (0.00%) $0.7107
GBP: Down (‑0.36%) $0.5288
EUR: Down (‑0.09%) $0.62220
JPY: Down (‑0.04%) ¥115.374
AUD: Down (‑0.25%) $1.0167
Bitcoin (BTC/CAD): Down (‑0.06%) 91,314.3
(Conversion to C$1)
Commodities
Copper: Up (+0.47%) 6.41984
Gold: Up (+0.10%) 4,056.97
WTI: Up (+2.40%) 79.80
Natural Gas: Down (‑1.03%) 2.884
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