Markets are rallying as investors lean back into technology, AI, and large-cap growth. The TSX is up 0.68%, while the TSX Venture Index is surging 2.90%, showing broad strength across Canadian markets. In the U.S., the Dow is up 0.83% and the Nasdaq is climbing 1.71%, as traders respond to renewed momentum in Big Tech and software. London’s FTSE 100 is also modestly higher, up 0.18%.
The macro backdrop is being helped by easing oil prices, with WTI crude down more than 4% as U.S.–Iran tensions cool and talks are expected to resume. Copper and gold are both higher, suggesting investors are still balancing growth exposure with defensive positioning. Bitcoin is also gaining in Canadian-dollar terms, while the broader AI story remains front and centre after reports that Big Tech cloud backlogs have reached $2.3 trillion.
Market numbers
TSX: Up (+0.68%) 35,465.97
TSXV: Up (+2.90%) 892.26
DOW: Up (+0.83%) 53,694.3
NASDAQ: Up (+1.71%) 29,320.6
FTSE 100: Up (+0.18%) 10,885.14
In the headlines
- Amazon joins the $3 trillion club: Amazon (TSX:AMZN) — the e-commerce, cloud computing, and AI infrastructure giant — has joined the exclusive $3 trillion market-cap club after gaining 27% in just three days. Investors are rewarding the company’s accelerating cloud momentum and growing AI infrastructure exposure.
- Palantir surges on double beat: Palantir (TSX:PLTR) — the data analytics and AI software company known for government and enterprise platforms — jumped more than 15% after posting a double beat and reporting soaring U.S. revenue. The results reinforced investor confidence in demand for AI-driven data platforms.
- Spotify slides on weaker user forecast: Spotify (NYSE:SPOT) — the global audio streaming platform — fell after its monthly active users forecast missed estimates. Investors focused on slower user growth guidance despite continued momentum in premium subscriptions and advertising.
Currencies
USD: Down (‑0.13%) $0.7105
GBP: Down (‑0.26%) $0.5282
EUR: Down (‑0.26%) $0.61703
JPY: Down (‑0.03%) ¥111.873
AUD: Down (‑0.61%) $1.0104
Bitcoin (BTC/CAD): Up (+0.68%) 89,794.1
(Conversion to C$1)
Commodities
Copper: Up (+1.59%) 6.70328
Gold: Up (+0.72%) 4,084.55
WTI Crude Oil: Down (‑4.10%) 74.80
Natural Gas: Down (‑3.43%) 2.674
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