The TSX is higher this morning, while the TSX Venture Index is also modestly up, as Canadian markets push forward despite rising geopolitical tension tied to Iran and renewed volatility in energy prices. U.S. markets are mixed, with the Dow slipping while the Nasdaq continues to grind higher, supported by persistent enthusiasm around artificial intelligence leaders. In London, the FTSE 100 is moving higher, reflecting steadier sentiment overseas.
The macro picture is being shaped by two competing forces: AI optimism and geopolitical risk. Oil prices are climbing again as the Strait of Hormuz remains shut, while gold is stabilizing after recent swings as investors weigh inflation risk against easing peace hopes. Copper is rallying strongly on electrification and infrastructure demand, natural gas is higher, and Bitcoin is pulling back sharply in Canadian‑dollar terms after failing to hold key technical levels.
Market numbers
TSX: Up (+0.65%), 34,077.76
TSXV: Up (+0.30%), 997.29
DOW: Down (‑0.14%), 49,575.9
NASDAQ: Up (+0.19%), 29,241.5
FTSE 100: Up (+0.22%), 10,276.73
In the headlines
- Wall Street keeps chasing AI bottlenecks: Investors continue to crowd into artificial‑intelligence leaders as markets “chase bottlenecks” in compute, data, and infrastructure. Companies such as Nvidia (TSX:NVDA) and Microsoft (TSX:MSFT) remain central to the narrative as trillion‑dollar market‑cap firms power the latest leg of the AI boom, even as valuations stretch and volatility rises.
- Iran rejects U.S. ceasefire terms as oil climbs: Iran has responded to a U.S. ceasefire proposal, but President Trump rejected the offer as unacceptable, keeping geopolitical risk elevated. Oil prices are climbing as shipping through the Strait of Hormuz remains constrained, reinforcing inflation concerns and supporting energy markets.
Currencies
USD: Up (+0.08%), $0.7314
GBP: Up (+0.13%), $0.5368
EUR: Up (+0.12%), $0.62119
JPY: Up (+0.32%), ¥114.946
AUD: Up (+0.01%), $1.0089
Bitcoin (BTC/CAD): Down (‑1.86%), 110,393.9
(Conversion to C$1)
Commodities
Copper: Up (+2.84%), 6.47257
Gold: Up (+0.47%), 4,738.19
WTI Crude Oil: Up (+2.11%), 97.00
Natural Gas: Up (+2.14%), 2.870
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