The TSX is down 0.25%, while the TSX Venture Index is up 0.92%, as Canadian markets split amid heavy rotation under the surface. U.S. markets are mixed: the Dow is up 0.28%, while the Nasdaq is sharply lower, down 1.27%, as investors reassess AI valuations after a strong run and ahead of key earnings. In Europe, the FTSE 100 is essentially flat, down 0.03%, reflecting cautious positioning.
Macro signals are mixed. Oil prices are climbing again, up more than 3%, reinforcing inflation concerns tied to geopolitical risk. Gold is under pressure, sliding over 2% as technical support breaks ahead of central‑bank decisions. Copper is lower on growth worries, natural gas is modestly weaker, and Bitcoin is pulling back in Canadian‑dollar terms, down just over 1%, after failing to hold recent highs.
Market numbers
TSX: Down (‑0.25%), 33,818.19
TSXV: Up (+0.92%), 1,020.29
DOW: Up (+0.28%), 49,318.4
NASDAQ: Down (‑1.27%), 27,003.9
FTSE 100: Down (‑0.03%), 10,317.58
In the headlines
- Erasca sinks after patient death in trial: Erasca (NDAQ:ERAS) — a clinical‑stage biotech focused on cancer therapies — saw its shares drop sharply after disclosing a patient death in an early‑stage trial. The development raises uncertainty around safety and timelines as investors reassess clinical risk.
- Amazon earnings put AI spending in focus: Amazon (TSX:AMZN) — the global e‑commerce and cloud‑computing giant — reported first‑quarter results that spotlighted the scale of its AI investment. Markets are watching closely to see whether accelerating AI spend translates into durable revenue growth through AWS and enterprise demand.
Currencies
USD: Down (‑0.38%), $0.7307
GBP: Down (‑0.04%), $0.5416
EUR: Down (‑0.13%), $0.62525
JPY: Down (‑0.32%), ¥116.626
AUD: Down (‑0.09%), $1.0199
Bitcoin (BTC/CAD): Down (‑1.12%), 104,218.0
(Conversion to C$1)
Commodities
Copper: Down (‑1.65%), 5.98509
Gold: Down (‑2.18%), 4,579.84
WTI: Up (+3.08%), 99.21
Natural Gas: Down (‑0.40%), 2.709
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