The TSX is up 0.33%, while the TSX Venture Index is higher by 0.95%, as Canadian markets hold firmer even while U.S. technology names come under pressure. In the U.S., the Dow is down 0.86% and the Nasdaq is lower by 0.70%, with Tesla and Alphabet weighing on sentiment as earnings season shifts into a more selective phase. London’s FTSE 100 is also down 0.67%, reflecting a softer global tone despite pockets of strength in enterprise software.
Commodities are adding to the crosscurrents. Oil is up 3.69% as Brent briefly topped $100 following fresh Middle East supply concerns, while gold is down 1.77% and copper is lower by 1.54% as traders rotate away from some defensive and industrial metals. Natural gas is also weaker, and Bitcoin is down 1.68% in Canadian-dollar terms as crypto pulls back alongside broader risk assets.
Market numbers
TSX: Up (+0.33%) 35,485.11
TSXV: Up (+0.95%) 881.35
DOW: Down (‑0.86%) 51,812.8
NASDAQ: Down (‑0.70%) 28,702.5
FTSE 100: Down (‑0.67%) 10,635.10
In the headlines
- Alphabet slips on EU fine and spending concerns: Alphabet (TSX:GOOG) — the parent company of Google and one of the world’s largest search, advertising, cloud, and AI companies — is under pressure after the European Union hit Google with a $1 billion fine tied to its Play app store and search practices. The company also posted strong earnings, but traders focused on steeper spending plans, especially around AI and infrastructure.
- ServiceNow rallies on strong revenue: ServiceNow (NYSE:NOW) — the enterprise software company known for workflow automation, IT service management, and AI-powered business tools — jumped after reporting strong revenue and pushing back against fears that AI disruption could undercut its business. Investors welcomed signs that AI integrations are helping demand rather than weakening it.
- Tesla drops as earnings slide despite revenue beat: Tesla (TSX:TSLA) — the electric-vehicle, battery, and clean-energy company — fell after earnings showed a 20% decline, even though revenue topped estimates. Investors focused on margin pressure and the broader slowdown in EV profitability as competition and spending demands remain high.
Currencies
USD: Up (+0.08%) $0.7101
GBP: Up (+0.38%) $0.5323
EUR: Up (+0.39%) $0.62447
JPY: Up (+0.51%) ¥116.418
AUD: Up (+0.26%) $1.0175
Bitcoin (BTC/CAD): Down (‑1.68%) 91,629.0
(Conversion to C$1)
Commodities
Copper: Down (‑1.54%) 6.42793
Gold: Down (‑1.77%) 4,056.99
WTI: Up (+3.69%) 86.53
Natural Gas: Down (‑0.78%) 2.912
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