The TSX is moving higher this morning, while the TSX Venture Index is also advancing, as Canadian equities track a global risk‑on rally driven by record highs in U.S. markets. The S&P 500 and Nasdaq continue to push deeper into uncharted territory as investors lean into growth and technology, encouraged by easing geopolitical tensions and strong corporate earnings. In contrast, European markets are under pressure, with the FTSE 100 falling sharply as investors rotate away from U.K. equities.
Commodities are mixed. Oil prices continue to slide on optimism around a temporary truce in the Middle East and hopes of increased crude flows, while gold is pushing higher above US$4,750 as investors maintain some defensive exposure. Copper is edging higher on infrastructure and electrification demand, natural gas is slipping, and Bitcoin is pulling back in Canadian‑dollar terms after a strong recent run.
Market numbers
TSX: Up (+0.36%), 34,103.38
TSXV: Up (+1.53%), 1,011.15
DOW: Up (+0.02%), 49,914.9
NASDAQ: Up (+0.20%), 28,618.2
FTSE 100: Down (‑1.24%), 10,316.83
In the headlines
- Arm reverses sharply after guidance disappoints: Arm Holdings (NDAQ:ARM) — the semiconductor design firm at the heart of global chip architecture — saw its shares swing sharply lower after initially jumping on earnings, as investors reacted negatively to guidance that came in below expectations. The move highlights how sensitive AI‑linked stocks remain to forward outlooks.
- Canadian Natural Resources posts $1.35B Q1 profit: Canadian Natural Resources (TSX:CNQ) — one of the country’s largest oil and gas producers — reported first‑quarter profit of $1.35 billion, supported by resilient production and elevated energy prices tied to Middle East disruptions.
- Novo Nordisk and Eli Lilly gain as obesity market expands: Novo Nordisk (NYSE:NVO) and Eli Lilly (NYSE:LLY) — the pharmaceutical leaders in weight‑loss and diabetes treatments — moved higher after new analysis suggested demand for obesity pills could significantly expand the overall market, reinforcing long‑term growth expectations.
Currencies
USD: Down (‑0.01%), $0.7330
GBP: Down (‑0.26%), $0.5379
EUR: Down (‑0.20%), $0.62315
JPY: Up (+0.01%), ¥114.709
AUD: Down (‑0.13%), $1.0116
Bitcoin (BTC/CAD): Down (‑1.37%), 109,580.9
(Conversion to C$1)
Commodities
Copper: Up (+0.57%), 6.23546
Gold: Up (+1.08%), 4,741.81
WTI: Down (‑3.06%), 92.15
Natural Gas: Down (‑1.18%), 2.691
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