Markets are trading higher as the AI rally continues to broaden and U.S. stocks push back toward record territory. The TSX is up 0.51%, while the TSX Venture Index is higher by 0.96%, supported by strength in growth and risk-sensitive sectors. In the U.S., the Dow is up 0.32% and the Nasdaq is gaining 0.84%, as investors respond to cooling inflation pressures, stronger global AI momentum, and renewed demand for technology infrastructure. London’s FTSE 100 is the outlier, down 0.56%.
Commodities are mixed. Oil is falling sharply, with WTI down 2.26% to $80.00 as inflation worries ease and crude prices pull back. Gold is also lower, down 0.68%, while copper is modestly higher and natural gas is down nearly 2%. Bitcoin is firmer in Canadian-dollar terms, up 0.50%, as risk appetite improves even though crypto remains below recent highs. US futures climb ahead of more inflation data, though major indexes are down for the week reported that U.S. futures rose as inflation data improved, while benchmark crude slipped.
Market numbers
TSX: Up (+0.51%) 36,662.14
TSXV: Up (+0.96%) 975.87
DOW: Up (+0.32%) 53,939.0
NASDAQ: Up (+0.84%) 29,940.0
FTSE 100: Down (‑0.56%) 10,785.44
In the headlines
- Nebius explodes as AI demand outruns data centre buildout: Nebius (NDAQ:NBIS) — the AI cloud infrastructure company focused on high-performance computing — surged as red-hot demand for AI capacity continues to exceed available data centre supply. Investors are rewarding companies tied directly to AI infrastructure buildout as global demand accelerates.
- Air Canada posts loss and lowers guidance: Air Canada (TSX:AC) — the country’s largest airline — posted a Q2 net loss of $178 million and lowered its 2026 guidance after fuel costs jumped 49%. The airline reported record second-quarter operating revenue of $6.3 billion, but higher fuel expenses and labour-related charges weighed on profitability.
- Cerebras plunges after swinging to quarterly loss: Cerebras Systems (NDAQ:CBRS) — the AI chipmaker competing with Nvidia — fell after swinging to a quarterly loss and issuing an outlook that failed to impress investors. The company’s cloud business nearly quadrupled, but margin pressure and muted guidance weighed on the stock
Currencies
USD: Up (+0.01%) $0.7170
GBP: Flat (0.00%) $0.5311
EUR: Down (‑0.07%) $0.62207
JPY: Down (‑0.06%) ¥114.302
AUD: Up (+0.04%) $1.0159
Bitcoin (BTC/CAD): Up (+0.50%) 88,888.0
(Conversion to C$1)
Commodities
Copper: Up (+0.20%) 6.69284
Gold: Down (‑0.68%) 4,378.81
WTI: Down (‑2.26%) 80.00
Natural Gas: Down (‑1.79%) 2.739
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