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Market Open: Amazon Hit by Data Centre Outages, MDA Space Delivers Record Q4 | Mar 4th

Economy, Finance, Market News, Market Summary
TSX:MDA
04 March 2026 10:04 (EST)

Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

The TSX is down 2.19%, while the TSX Venture Index is down 3.70%, as Canadian markets sell off sharply alongside global equities amid ongoing U.S.–Iran conflict concerns. In the U.S., markets showed early signs of stabilization: the Dow rose 0.46%, while the Nasdaq gained 0.73% as traders attempted to ease nerves following days of geopolitical whiplash. London’s FTSE 100 climbed 0.52% as investors weighed reports of potential U.S.–Iran diplomatic outreach.

Commodities were mixed. Gold rose 1.54% as dip‑buyers stepped in despite a firmer U.S. dollar, while copper gained slightly. Oil erased earlier gains, rising just 1.02% as headlines pointed to possible U.S.–Iran dialogue aimed at ending the conflict. Natural gas dropped sharply, down 2.64%. Bitcoin surged more than 5% in CAD terms, topping $98,000 as crypto markets advanced on broad risk appetite returning.

Market numbers

TSX: Down (‑2.19%), 33,784.94

TSXV: Down (‑3.70%), 1,076.23

DOW: Up (+0.46%), 48,657.2

NASDAQ: Up (+0.73%), 24,848.0

FTSE 100: Up (+0.52%), 10,570.95

In the headlines

Currencies

USD: Down (‑0.04%), $0.7304

GBP: Down (‑0.16%), $0.5460

EUR: Down (‑0.25%), $0.62804

JPY: Down (‑0.32%), ¥114.928

AUD: Down (‑0.26%), $1.0362

Bitcoin (BTC/CAD): Up (+5.09%), 98,154.3

(Conversion to C$1)

Commodities

Copper: Up (+1.01%), 5.89697

Gold: Up (+1.54%), 5,167.20

WTI: Up (+1.02%), 73.99

Natural Gas: Down (‑2.64%), 2.948

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