TSX rises as Coinbase jumps on crypto regulation hopes, Rogers posts a Q2 loss, GE Vernova slips, gold and oil climb, and Bitcoin pulls back.
TSX rises as Coinbase jumps on crypto regulation hopes, Rogers posts a Q2 loss, GE Vernova slips, gold and oil climb, and Bitcoin pulls back.

The TSX is up 0.48%, while the TSX Venture Index is higher by 1.08%, as Canadian markets rise despite a mixed tone across global equities. U.S. markets are divided, with the Dow up 0.35% while the Nasdaq slips 0.33% as traders balance renewed chip-stock interest against pressure in AI-linked names. London’s FTSE 100 is a standout, climbing 1.33%, as global markets digest another jump in oil prices and continued currency volatility.

Commodities remain central to the morning’s macro setup. Oil is higher as conflict risks threaten key global transit routes, while gold is up sharply as investors maintain defensive exposure. Copper is slightly lower, natural gas is climbing, and Bitcoin is down in Canadian-dollar terms despite Coinbase rallying on hopes for legislative clarity around crypto markets.

Market numbers

TSX: Up (+0.48%) 35,538.25

TSXV: Up (+1.08%) 882.48

DOW: Up (+0.35%) 52,381.3

NASDAQ: Down (‑0.33%) 29,012.7

FTSE 100: Up (+1.33%) 10,736.63

In the headlines

  • Coinbase jumps ahead of CLARITY Act vote: Coinbase (NDAQ:COIN) — the U.S. cryptocurrency exchange — rose sharply as traders looked ahead to a Senate vote on the CLARITY Act. The move reflects renewed optimism that clearer crypto regulation could support trading volumes and institutional adoption.
  • Rogers posts Q2 loss tied to MLSE charge: Rogers Communications (TSX:RCI.A) — the Canadian telecom and media company — reported a second-quarter loss after taking a charge related to its Maple Leaf Sports and Entertainment deal. Investors are weighing the long-term strategic value of the sports investment against near-term financial pressure.
  • GE Vernova slips despite AI-driven orders: GE Vernova (NYSE:GEV) — the power equipment and energy infrastructure company — fell despite surging orders tied to AI-related electricity demand. Weakness in its wind segment dragged on sentiment, offsetting strength in power and grid-related businesses.

Currencies

USD: Up (+0.16%) $0.7095

GBP: Up (+0.15%) $0.5301

EUR: Up (+0.01%) $0.62185

JPY: Up (+0.06%) ¥115.746

AUD: Up (+0.22%) $1.0142

Bitcoin (BTC/CAD): Down (‑1.23%) 92,759.

(Conversion to C$1)

Commodities

Copper: Down (‑0.24%) 6.54850

Gold: Up (+1.74%) 4,148.82

WTI: Up (+1.46%) 83.50

Natural Gas: Up (+1.72%) 2.899

To stay up-to-date on all of your market news head to Stockhouse.com.

Join the discussion: Find out what everybody’s saying about Coinbase and Rogers on July 22nd, 2026, on Stockhouse’s stock forums and message boards.


More From The Market Online

BC gold miner’s new high-grade “Goofy” vein is no laughing matter

Independence Gold discovers a new vein on its 3Ts project in BC, yielding a highlight of 9.10 m at 14.70 g/t gold.

Powering Canada’s data centre future

Global Power Solutions develops advanced modular power solutions designed to shorten component lead times and accelerate project deployment.

AMD and Anthropic expand AI partnership with 2GW rollout

The companies will collaborate to optimize Claude workloads on AMD hardware and accelerate development of AMD's (NASDAQ:AMD) ROCm AI software

Can nuclear power make a comeback?

AI data centres are driving a surge in electricity demand, increasing interest in reliable 24/7 nuclear power generation