Is confidence in Artificial Intelligence falling? Well investors were shaken by the discounted Chinese AI model causing futures of Canada’s main stock index to fall this morning.
Market Numbers:
TSX : Up (0.14%) 25,468.49
TSXV: Up (0.70%) 621.25
DOW: Down (0.74%) 44,271.00
NASDAQ: Down (3.85%) 21,059.50
FTSE: Down (0.24%) 8,481.62
In the Headlines
The Conference Board of Canada is forecasting the domestic economy will grow 1.5 per cent in 2025 as the potential for U.S. tariffs on Canadian exports and a pullback in immigration weigh on growth. The pace of growth is forecasted to increase to 1.9 per cent in 2026.
And DeepSeek, a Chinese AI startup barely a year old, has shaken Silicon Valley by unveiling advanced AI models that rival the performance of top-tier chatbots—at a fraction of the cost. This breakthrough challenges the prevailing notion that AI’s future hinges on escalating energy and resource demands, signaling a potential shift in the industry’s trajectory.
Currencies Update
The Canadian dollar gained 0.11 cents to $0.6961 U.S. early Monday , gave back $0.22 to $0.662 to the Euro and Bitcoin falls 5,076.50 (3.37%) to $145,434.28.
Commodities
Natural Gas: Down (18.58%), 3.28
WTI: Down (0.51%), 74.28
Gold: Down (0.13%), 2,767.03
Copper Down (0.53%) 5.9301
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