Alphabet fell 10% in its biggest-ever value drop while Microsoft rose 5% and Oracle soared on AI spending payoff promises.
The Market Online Video
Bruce Campbell examines semiconductor fund outflows, S&P 500 performance signals and changing sector leadership across US and Canadian markets.
The Bank of Canada raised its key interest rate by 25 basis points to 2.5%, inflation concerns and higher energy prices were main reasons.
SK Hynix Jumps 10% on $75B Payout; BoC Hikes Rates
SK Hynix surged 10% on a $75 billion payout plan as the Bank of Canada raised its key rate to 2.5% ahead of the…
La Caisse Buys BCE Towers Stake as Anthropic Files
La Caisse is buying a BCE towers stake for $1.7 billion, Anthropic filed for its IPO, and Nvidia is investing $3 billion in Meta.
Meta launched a $35 billion stock offering, Anthropic filed its IPO prospectus, and High Liner agreed to an $804 million sale.
Rogers beat on sports revenue, SpaceX eyed 80,000 cell towers, and Moderna slid as Big Tech swings pulled the Dow down 1.07%.
The new Canada-Türkiye partnership focuses on trade, defence, energy, and investment cooperation, with formal free-trade negotiations.
La Caisse Buys BCE Towers Stake as Anthropic Files
Meta rose 4% and Tesla slipped despite an earnings beat as AI stocks fell, with Anthropic set to file for its IPO soon.
The Market Online Video
Bruce Campbell examines software versus semiconductor stocks, sector rotation in Canada and the US, and a fresh market warning signal.