Markets are moving higher today as investors lean back into risk assets ahead of the July jobs report and amid improving sentiment around technology. The TSX is up 0.39%, while the TSX Venture Index is surging 2.43%, helped by stronger Canadian labor data after the economy added 75,000 jobs in July and unemployment ticked lower. In the U.S., the Dow is up 0.21% and the Nasdaq is gaining 0.76%, as traders balance steady futures, renewed tech strength, and hopes for easier rate policy after U.S. employers unexpectedly cut 23,000 jobs.
Commodities are mixed as oil pulls back while investors monitor a potential Hormuz deal between Iran and Gulf states. WTI crude is down 0.90%, easing some inflation pressure, while gold is up 2.69% as traders maintain defensive exposure. Copper is under pressure, natural gas is higher, and Bitcoin is up nearly 1% in Canadian-dollar terms as crypto sentiment improves alongside broader market strength.
Market numbers
TSX: Up (+0.39%) 36,275.64
TSXV: Up (+2.43%) 949.34
DOW: Up (+0.21%) 53,969.8
NASDAQ: Up (+0.76%) 29,673.2
FTSE 100: Up (+0.56%) 10,911.80
In the headlines
- SpaceX rebounds as share lockup pressure eases: SpaceX (NDAQ:SPCX), the aerospace, satellite, and launch company led by Elon Musk, rose after 911 million shares became liquid, with traders watching closely to see whether insiders and early holders would sell. The move marks a sharp rebound after recent volatility in the post-IPO trade.
- Cloudflare surges on strong Q2 results: Cloudflare (NYSE:NET), the internet infrastructure and cybersecurity company focused on content delivery, network security, and developer platforms, jumped after stronger-than-expected second-quarter earnings and upbeat third-quarter guidance. Investors welcomed signs of durable enterprise demand and improving growth visibility.
Currencies
USD: Up (+0.45%) $0.7164
GBP: Up (+0.15%) $0.5308
EUR: Up (+0.09%) $0.61986
JPY: Down (‑0.05%) ¥113.024
AUD: Down (‑0.06%) $1.0142
Bitcoin (BTC/CAD): Up (+0.95%) 90,949.6
(Conversion to C$1)
Commodities
Copper: Down (‑1.42%) 6.68257
Gold: Up (+2.69%) 4,354.56
WTI: Down (‑0.90%) 76.16
Natural Gas: Up (+2.09%) 2.685
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