The TSX is up 0.56%, while the TSX Venture is down 1.35%, as markets react to a broad technology pullback sparked by Alphabet’s heavier‑than‑expected AI spending plans. U.S. indexes opened sharply weaker, with the S&P 500 down more than one percent, the Dow off nearly half a percent, and the Nasdaq falling close to one percent as traders reassessed valuations across software and AI‑linked names. London’s FTSE 100 also declined, down 0.83%, reflecting the global risk-off tone.
Commodities added to the choppy backdrop. Gold fell nearly 3% and copper slipped almost 2%, while silver continued its steep selloff amid speculation it may be turning into a meme-driven market. WTI crude pulled back about 1%, natural gas edged lower, and Bitcoin dropped more than 3.5%, retreating toward pre‑election levels as the broader crypto sector faces what analysts describe as a “crisis of faith.”
Market numbers
TSX: Up (+0.56%), 32,571.55
TSXV: Down (‑1.35%), 1,038.48
DOW: Down (‑0.46%), 49,221.5
NASDAQ: Down (‑0.97%), 24,727.1
FTSE 100: Down (‑0.83%), 10,322.87
In the headlines
- Alphabet slides as AI spending spikes: Alphabet (TSX:GOOG) shares dipped after the company unveiled a sharply higher 2026 capital‑spending forecast tied to AI infrastructure, far exceeding Wall Street expectations. Executives said the surge reflects accelerating AI demand, but traders reacted cautiously to the heavier investment load.
- Barrick advances North American IPO: Barrick Mining Corporation (TSX:ABX) will proceed with an IPO of its North American gold assets and appointed Alex Hill as CEO of the new entity. The move aims to highlight the value of its regional gold operations as interest in specialized mining spinoffs grows.
Currencies
USD: Down (‑0.03%), $0.7313
GBP: Up (+0.58%), $0.5388
EUR: Down (‑0.08%), $0.61951
JPY: Down (‑0.07%), ¥114.729
AUD: Up (+0.42%), $1.0498
Bitcoin (BTC/CAD): Down (‑3.56%), 96,255.7
(Conversion to C$1)
Commodities
Copper: Down (‑1.88%), 5.85975
Gold: Down (‑2.82%), 4,824.74
WTI: Down (‑1.01%), 62.96
Natural Gas: Down (‑0.57%), 3.461
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