The TSX is fell 0.47%, while the TSX Venture Index edged up 0.08%, as North American markets reeled from escalating U.S.–Iran tensions that sent oil surging and risk assets wobbling.
U.S. equities opened sharply lower earlier in the session before stabilizing, with the Nasdaq managing a 0.46% gain as traders rotated into selective tech names. The Dow, however, remained pressured by conflict‑driven uncertainty and tariff‑related volatility.
Safe‑haven flows drove gold sharply higher in overnight trading, breaking above US$5,400 as investors sought protection from rapidly unfolding geopolitical events. Oil surged more than 6% on fears that Middle Eastern supply disruptions could deepen, compounded by shutdowns at key Saudi, Kurdish, and Israeli installations.
Bitcoin initially spiked above US$66,000 before reversing on broad risk aversion, while natural gas and copper saw modest support from the same macro backdrop.
Market numbers
TSX: Down (‑0.47%), 34,339.99
TSXV: Up (+0.08%), 1,107.60
DOW: Down (‑0.67%), 48,555.9
NASDAQ: Up (+0.46%), 24,812.6
FTSE 100: Down (‑1.23%), 10,735.43
In the headlines
- Amazon stock sinks on extreme AI investment: Amazon (TSX:AMZN) — the global e‑commerce, cloud‑computing, and AI‑infrastructure giant — is facing its worst month in years as investors recoil from massive capital‑spending plans tied to AI data‑center expansion. The company’s aggressive positioning in generative‑AI infrastructure raised questions about margin pressure and long‑term returns.
- Hudbay to buy Arizona Sonoran in all‑stock deal: Hudbay Minerals (TSX:HBM) — the Canadian copper and gold miner with operations across the Americas — announced an all‑stock agreement to acquire Arizona Sonoran Copper Company. The deal expands Hudbay’s U.S. footprint at a time when copper demand is surging on electrification, grid upgrades, and EV‑supply‑chain needs.
Currencies
USD: Down (‑0.19%), $0.7311
GBP: Up (+0.42%), $0.5453
EUR: Up (+0.68%), $0.62449
JPY: Up (+0.70%), ¥115.197
AUD: Down (‑0.04%), $1.0342
Bitcoin (BTC/CAD): Up (+0.58%), 90,481.4
(Conversion to C$1)
Commodities
Copper: Down (‑1.71%), 5.95780
Gold: Up (+0.96%), 5,329.92
WTI: Up (+6.43%), 71.34
Natural Gas: Up (+2.52%), 2.968
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