Markets are broadly steady with a slight upward bias as investors continue to ride the AI‑driven rally while digesting mixed corporate and macro signals. The TSX is marginally lower, while U.S. markets are pushing higher again with the Dow climbing to fresh highs and the Nasdaq hovering near record territory. European equities are also edging up, reflecting continued global resilience despite headlines suggesting a slowing pace in mega‑cap tech momentum.
Commodities are mixed but active. Oil is pulling back slightly after a recent rebound, while gold is rising as investors dip back into safe‑haven assets. Copper is surging strongly on infrastructure and electrification demand, and natural gas is under pressure. Bitcoin is sharply lower in Canadian‑dollar terms, reflecting continued volatility and divergence from the equity market’s AI‑driven strength.
Market numbers
TSX: Down (‑0.10%), 34,734.89
TSXV: Up (+1.35%), 1,025.18
DOW: Up (+0.36%), 51,231.8
NASDAQ: Down (‑0.02%), 30,399.9
FTSE 100: Up (+0.33%), 10,361.07
In the headlines
- Alphabet dips despite massive backing and capital raise: Alphabet (TSX:GOOG) — the parent of Google — slipped after announcing an $80‑billion equity raise even as Berkshire Hathaway added to its position with a multibillion‑dollar investment. The move reflects both strong long‑term confidence and near‑term dilution concerns as tech giants ramp up AI spending.
- Anthropic targets trillion‑dollar valuation: Anthropic — the AI startup behind advanced large language models — has filed for an IPO at a valuation exceeding $1 trillion, surpassing OpenAI’s implied valuation. The move underscores escalating investor demand and capital flows into generative AI leaders.
Currencies
USD: Up (+0.10%), $0.7231
GBP: Flat (0.00%), $0.5366
EUR: Up (+0.02%), $0.62128
JPY: Up (+0.22%), ¥115.620
AUD: Down (‑0.04%), $1.0078
Bitcoin (BTC/CAD): Down (‑3.69%), 95,109.8
(Conversion to C$1)
Commodities
Copper: Up (+1.54%), 6.70503
Gold: Up (+0.62%), 4,512.79
WTI: Down (‑0.50%), 88.80
Natural Gas: Down (‑1.44%), 3.141
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