The TSX is down 2.37%, while the Venture is down 5.07%, as Canadian markets slide sharply on renewed weakness across tech and resources and a continued selloff in speculative sectors. U.S. indexes also opened lower, with the S&P 500 down 0.12%, the Dow slipping 0.06%, and the Nasdaq falling 0.24% as investors reacted to fresh pressure on software stocks amid growing fears that AI tools could erode margins across the industry. London’s FTSE 100 also declined, down 0.30% in early trade.
Gold turned higher, gaining more than 1.5% as dip‑buyers stepped in after a steep drop earlier in the week, while oil ticked modestly higher on Iranian output risks. Natural gas edged up slightly, and copper slipped a third of a percent. Bitcoin outperformed, rising more than 1.3% to trade above 91,000 CAD, extending a rebound even as overall risk appetite remained weak.
Market numbers
TSX: Down (‑2.37%), 32,465.28
TSXV: Down (‑5.07%), 983.21
DOW: Down (‑0.06%), 49,454.1
NASDAQ: Down (‑0.24%), 24,680.1
FTSE 100: Down (‑0.30%), 10,389.87
In the headlines
- Air Canada posts higher Q4 profit: Air Canada (TSX:AC) — the country’s largest airline and flag carrier — reported a fourth‑quarter profit of $296 million, up from a year earlier as passenger demand remained strong and operational performance continued to improve. The company said it saw solid travel volumes throughout the quarter despite ongoing cost pressures.
- Enbridge beats earnings expectations: Enbridge (TSX:ENB), one of North America’s largest pipeline and energy‑infrastructure operators, posted fourth‑quarter profit that topped analyst estimates. The company cited steady pipeline throughput and strong utility performance while maintaining its long‑term outlook.
Currencies
USD: Up (+0.01%), $0.7345
GBP: Down (‑0.07%), $0.5386
EUR: Up (+0.02%), $0.61914
JPY: Up (+0.19%), ¥112.462
AUD: Up (+0.28%), $1.0387
Bitcoin (BTC/CAD): Up (+1.36%), 91,444.7
(Conversion to C$1)
Commodities
Copper: Down (‑0.31%), 5.80674
Gold: Up (+1.53%), 4,996.91
WTI: Up (+0.38%), 62.93
Natural Gas: Up (+0.22%), 3.156
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